Federal Signal Corporation (NYSE:FSS) Q2 2023 Earnings Conference Call July 27, 2023 10:00 AM ET
Company Participants
Ian Hudson - Senior Vice President and Chief Financial Officer
Jennifer Sherman - President and Chief Executive Officer
Conference Call Participants
Christian Zyla - KeyBanc Capital Markets
Chris Moore - CJS Securities
Mike Shlisky - D.A. Davidson
Walter Liptak - Seaport Research
Greg Burns - Sidoti & Co
Dave Storms - Stonegate
Operator
Good day, and welcome to the Federal Signal Corporation Second Quarter Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Ian Hudson, Chief Financial Officer. Please go ahead.
Ian Hudson
Good morning, and welcome to Federal Signal's second quarter conference call. I'm Ian Hudson, the Company's Chief Financial Officer. Also with me on the call today is Jennifer Sherman, our President and Chief Executive Officer. We will refer to some presentation slides today, as well as to the earnings news release, which we issued this morning. The slides can be followed online by going to our website, federalsignal.com, clicking on the Investor Call icon and signing into the webcast. We have also posted the slide presentation and the earnings release under the Investor tab on our website.
Before we being, I'd like to remind you that some of our comments made today may contain forward-looking statements that are subject to the Safe Harbor language found in today's news release and in Federal Signal's filings with the Securities and Exchange Commission. These documents are available on our website. Our presentation also contains some measures that are not in accordance with U.S. generally accepted accounting principles. In our earnings release and filings, we reconcile these non-GAAP measures to GAAP measures. In addition, we will file our Form 10-Q later today.
I am going to begin today by providing some detail on our second quarter results before turning the call over to Jennifer to provide her perspective on our performance, market conditions and our outlook for the remainder of 2023. After our prepared comments, Jennifer and I will address your questions.
Our consolidated second quarter financial results are provided in today's earnings release. In summary, we delivered record financial results for the quarter with double-digit year-over-year net sales and earnings growth, gross margin expansion, improved cash generation, a 120 basis point improvement in EBITDA margin, and new records in orders and backlog.