Illinois Appellate Court rules in favor of Federal Signal Federal Signal announced that the First District Illinois Appellate Court issued an opinion supporting the company's position in the firefighter hearing loss litigation. The Court reversed a Cook County trial court's previous certification of a class action comprised of firefighters who allege the company's sirens caused them hearing loss. Specifically, the Appellate Court determined that the trial court's ruling failed to satisfy the class-action requirements that the common issues of the firefighters' claims predominate over the individual issues and that there is an adequate representative for the class.
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."