Federal Signal Corp (NYSE:FSS) Q1 2023 Earnings Conference Call May 2, 2023 10:00 AM ET
Company Participants
Ian Hudson - SVP & CFO
Jennifer Sherman - President, CEO & Director
Conference Call Participants
Chris Moore - CJS Securities
Michael Shlisky - D.A. Davidson & Co.
Felix Boeschen - Raymond James & Associates
Steve Barger - KeyBanc Capital Markets
Walter Liptak - Seaport Research Partners
David Storms - Stonegate Capital Markets
Operator
Good day, and welcome to the Federal Signal Corporation First Quarter Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.
I'd 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 first quarter 2023 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 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 US 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 first quarter results before turning the call over to Jennifer to provide her perspective on our performance, market conditions and out outlook for the remainder of the year. After our prepared comments, Jennifer and I will address your questions.
Our consolidated first quarter financial results are provided in today's earnings release. In summary, we delivered strong financial results for the quarter with double-digit year-over-year net sales and earnings growth, gross margin expansion, a 130 basis point improvement in adjusted EBITDA margin and new records in orders and backlog.