10:41 AM EDT, 04/30/2024 (MT Newswires) -- Federal Signal ( FSS ) shares were down more than 3% in recent Tuesday trading following its Q1 results.

Earlier, the firm reported Q1 adjusted earnings of $0.64 per diluted share, up from $0.46 a year earlier. Analysts polled by Capital IQ forecast $0.57.

Net sales for the quarter ended March 31 were $424.9 million, up from $385.5 million a year earlier. Analysts surveyed by Capital IQ projected $425.6 million.

The company said it now expects 2024 adjusted EPS of $2.95 to $3.15, up from the prior guidance of $2.85 to $3.05. Analysts polled by Capital IQ expected $3.00.

Federal Signal ( FSS ) reaffirmed its full-year net sales guidance of $1.85 billion to $1.90 billion. Analysts expected $1.88 billion.

Price: 82.48, Change: -2.70, Percent Change: -3.17