Federal Signal announces favorable decision on firefighter hearing loss claim Federal Signa announced that a Cook County, Illinois jury absolved the company from any liability in a lawsuit brought by a Chicago firefighter and found that the company's siren product was not defective. The firefighter claimed that he had developed hearing loss caused by exposure to a siren manufactured by the Company. After a one week trial, the jury deliberated for less than three hours in reaching a unanimous decision in favor of the company.
Federal Signal reaffirms FY15 adj.EPS view 95c-$1.02, consensus 99c "Our second quarter operating results were strong," said the company. "Orders for our municipal products were up 37% over the Q1 and we expect these markets to remain robust during the second half of 2015. Despite the recent softness in orders for U.S. exports and for products relating to upstream oil and gas markets, we are affirming our expectation that full-year adjusted earnings per share will be in the range from 95c-$1.02."