Federal Signal Corporation (NYSE:FSS) Q2 2022 Earnings Conference Call July 27, 2022 10:00 AM ET
Company Participants
Jennifer Sherman - President and Chief Executive Officer
Ian Hudson - Chief Financial Officer
Conference Call Participants
Michael Shlisky - D.A. Davidson
Felix Boeschen - Raymond James
Walt Liptak - Seaport Global
Chris Moore - CJS Securities
Greg Burns - Sidoti and Company
Marco Rodriguez - Stonegate Capital Markets
Operator
Thank you for standing by. This is the conference operator. Welcome to the Federal Signal Corporation Second Quarter 2022 Earnings Conference Call. As a reminder, all participants are in listen-only mode and the conference is being recorded. After the presentation, there will be an opportunity to ask questions. [Operator Instructions]
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 begin, 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'm 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 2022. 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, our financial results for the quarter was strong with double-digit improvement in sales and operating income, improvement in margins and continued momentum in demand. Consolidated net sales for the quarter were $367 million, up $32 million or 10% compared to last year. Consolidated operating income for the quarter was $46.2 million, up $7.7 million or 20% compared to last year. Consolidated adjusted EBITDA for the quarter was $58.2 million, up $6.3 million, or 12% compared to last year. That translates to a margin of 15.9% in Q2 this year, up 40 basis points compared to last year.