Latest news with #BOM
ABC News
7 hours ago
- Climate
- ABC News
Weekend of heavy rain for NSW coast
A complex low-pressure system will bring heavy rain to the NSW coast this weekend, particularly affecting the Mid North Coast.
Yahoo
9 hours ago
- Business
- Yahoo
Federal Signal Corp (FSS) Q2 2025 Earnings Call Highlights: Strong Sales Growth and Raised Outlook
Net Sales: $565 million, a 15% increase year over year. Organic Sales Growth: $42 million, or 9% for the quarter. Operating Income: $97.7 million, up 20% compared to last year. Adjusted EBITDA: $118.2 million, a 21% increase year over year, with a margin of 20.9%. GAAP Diluted EPS: $1.16 per share, up 17% from last year. Adjusted EPS: $1.17 per share, a 23% increase from last year. Orders: $540 million, a 14% increase year over year. Backlog: $1.08 billion, up $4 million compared to last year. ESG Net Sales: $481 million, an 18% increase year over year. ESG Operating Income: $91.9 million, up 26% compared to last year. ESG Adjusted EBITDA: $110.8 million, a 26% increase, with a margin of 23.1%. SSG Net Sales: $84 million, a 3% increase year over year. SSG Operating Income: $21.5 million, up 17% compared to last year. SSG Adjusted EBITDA: $22.6 million, a 17% increase, with a margin of 26.9%. Cash from Operations: $60 million, a 47% increase year over year. Net Debt: $204 million, with $515 million availability under credit facility. Dividends Paid: $8.5 million, $0.14 per share. Share Repurchases: $20 million, approximately 280,000 shares at $71.16 per share. Revised Full Year Adjusted EPS Outlook: $3.92 to $4.10. Revised Net Sales Outlook: $2.07 billion to $2.13 billion. Warning! GuruFocus has detected 3 Warning Signs with BOM:532221. Release Date: July 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Federal Signal Corp (NYSE:FSS) reported a 15% year-over-year increase in net sales for the second quarter, reaching $565 million. The company achieved a 20% improvement in operating income and a 21% increase in adjusted EBITDA compared to the previous year. Customer demand remained strong, with orders increasing by 14% year-over-year, reaching $540 million. The Environmental Solutions Group (ESG) saw an 18% increase in net sales and a 26% rise in adjusted EBITDA. Federal Signal Corp (NYSE:FSS) raised its full-year adjusted EPS outlook and net sales guidance for 2025, reflecting confidence in continued growth. Negative Points Corporate operating expenses increased to $15.7 million from $10.1 million last year, primarily due to higher post-retirement expenses and increased stock compensation costs. The effective tax rate for the quarter rose to 23.6% from 21.5% in the previous year, impacting net income. There was a $700,000 increase in amortization expense and a $300,000 increase in interest expense, affecting overall profitability. Despite strong cash generation, the company faced higher tax payments compared to the previous year due to the non-recurrence of a $14 million tax refund. The Safety and Security Systems Group (SSG) experienced only a modest 3% increase in net sales, indicating potential challenges in achieving higher growth rates. Q & A Highlights Q: Can you highlight the main drivers behind the improved margins in the ESG segment this quarter? A: Ian Hudson, CFO, explained that the largest component was increased production at the two largest ESG facilities, which led to attractive leverage. Other factors included growth in the aftermarket business, favorable price/cost dynamics, and operating efficiencies from the 80/20 principle. Q: How does the recently signed tax reform impact your business, particularly in terms of demand and M&A activity? A: Ian Hudson noted that the bonus depreciation provisions could benefit industrial customers by making equipment purchases more attractive. While the M&A environment is active, the tax reform is not expected to have a significant impact on M&A volume this year. The company anticipates some cash tax savings from the bonus depreciation rules. Q: What factors led to the increase in your cycle margin targets? A: Ian Hudson mentioned that the increase is due to internal initiatives that are margin additive, such as raising production, leveraging capacity expansions, growing the aftermarket business, realizing synergies from acquisitions, and executing the Federal Signal operating model. These targets are integral to the company's compensation system. Q: Can you provide an update on the territories you reassigned earlier this year? A: Ian Hudson stated that order intake for the reassigned territories was in line with expectations. While it takes time for new dealers to expand their sales teams and infrastructure, the company is optimistic about long-term market share growth in these regions. Q: How is the insourcing of printed circuit boards progressing, and are there plans for further insourcing initiatives? A: Ian Hudson reported that the fourth PCB line is on track to be operational by year-end. The insourcing initiative supports growth volumes, accelerates new product development, and offers potential benefits for M&A expansion. The company constantly evaluates insourcing opportunities across its businesses. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Perth Now
17 hours ago
- Climate
- Perth Now
Millions of Aussies to cop a drenching
Parts of NSW could cop up to 150mm of rain within days as wild weather continues to batter the state. It comes after Sydney recorded its coldest day of the year on Wednesday, with a chilly top of 11C made to feel like 8C in parts of the city due to winds. A low-pressure system is bearing down on the state and is not expected to bring temperatures higher than 14C. The Bureau of Meteorology's Angus Hines said NSW was expected to cop the brunt of the rain – and even snow – falling across the country's east in the coming days. Cool temperatures are expected to linger in the country's east into the weekend. supplied Credit: Supplied 'Thursday will continue to see quite a showery weather situation with chilly conditions and fairly thick cloud cover across most of the NSW coast,' Mr Hines said. 'There's been quite a lot of rain there in the past 24 hours – between 30 and 50mm between the Hunter Region, through Sydney, across the Illawarra. 'We'll continue to see showers peppering the coastline through the day on Thursday and we'll also see a couple showers spread further north and further east.' Mr Hines said Thursday would remain chilly. 'It's been a cold start across much of the country (with) temperatures below average through the majority of Australia, and it's going to stay that way through the course of today, with maximum temperatures also up on the cooler side of the ledger,' he said. Parts of NSW could cop 150mm of rain within days at the weekend. BOM Credit: Supplied He said parts of NSW could receive up to 150mm of rain 'over the course of a couple of days', specifically from Friday night through to Sunday. 'You don't have to cast your mind back too many months before you'll find the most recent flood event for that area,' he said. Facing the ongoing deluge, Sydneysiders can expect a top of 16C on Thursday. Things are frostier in Canberra, with minimum temperatures dropping to 1C with a top of 12C. Melbourne is tipped to reach 14C, with Hobart a slightly warmer 15C. Those in Brisbane are in for a sunnier day with a top of 21C, and Adelaide is expected to reach 20C. A maximum of 31C is forecast for Darwin and a cooler 20C in Perth.
Herald Sun
a day ago
- Climate
- Herald Sun
Australia added to tsunami advisory list after 8.8 magnitude earthquake on Russian coast
The Pacific Tsunami Warning Centre has added Australia to its advisory after a magnitude 8.8 earthquake struck off the coast of eastern Russia. The earthquake hit east-southeast of Kamchatka in Russia's east about 9.24pm AEST, triggering tsunami warnings across the globe. The warnings have extended to Japan, Hawaii, parts of the west coast of North and South America, Alaska, parts of South East Asia, Guam and all Pacific Islands. The centre has also issued a warning to Australia, adding that waves reaching 0.3 to 1m are possible along the coast. The Bureau of Meteorology said there was no threat of a tsunami hitting Australia. Picture: BOM A Bureau of Meteorology spokesman said there was no tsunami threat to the country. 'The Joint Australian Tsunami Warning Centre have assessed the event in the Pacific and there is no threat current to the Australian mainland and islands,' they told NewsWire. 'The JATWC will continue to monitor and assess the situation as it evolves.' However, Australia has been added to the Pacific Tsunami Warning Centre advisory. Picture: Supplied New Zealand has issued warnings to residents living in coastal areas, advising them to steer clear of beaches and the shore. The National Emergency Management Agency said there was no reason to evacuate unless ordered to do so by authorities. Affected areas include the West Coast of the North Island from Cape Reinga to Raglan, including the West Coast of Auckland and Manukau Harbour, and from Hawera to Whanganui. Other areas affected by the threat include the east and south coasts of the North Island from Cape Reinga to Makara including Whangarei, Great Barrier Island, the east coast of Auckland, Waiheke Island, Waitemata Harbour, Tauranga, Whakatane, Opotiki, Gisborne, Napier, Lake Ferry, the Wellington south coast and Wellington Harbour. Originally published as Australia added to tsunami advisory list after 8.8 magnitude earthquake strikes Russian coast
Perth Now
2 days ago
- Climate
- Perth Now
Warning to Aussies amid tsunami threat
The Pacific Tsunami Warning Centre has added Australia to its advisory after a magnitude 8.8 earthquake struck off the coast of eastern Russia. The earthquake hit east-southeast of Kamchatka in Russia's east about 9.24pm AEST, triggering tsunami warnings across the globe. The warnings have extended to Japan, Hawaii, parts of the west coast of North and South America, Alaska, parts of South East Asia, Guam and all Pacific Islands. The Bureau of Meteorology said there was no threat of a tsunami hitting Australia. BOM Credit: Supplied A Bureau of Meteorology spokesman said there was no tsunami threat to the country. 'The Joint Australian Tsunami Warning Centre have assessed the event in the Pacific and there is no threat current to the Australian mainland and islands,' they told NewsWire. 'The JATWC will continue to monitor and assess the situation as it evolves.' However, Australia has been added to the Pacific Tsunami Warning Centre advisory. Supplied Credit: Supplied New Zealand has issued warnings to residents living in coastal areas, advising them to steer clear of beaches and the shore. The National Emergency Management Agency said there was no reason to evacuate unless ordered to do so by authorities. Affected areas include the West Coast of the North Island from Cape Reinga to Raglan, including the West Coast of Auckland and Manukau Harbour, and from Hawera to Whanganui. Other areas affected by the threat include the east and south coasts of the North Island from Cape Reinga to Makara including Whangarei, Great Barrier Island, the east coast of Auckland, Waiheke Island, Waitemata Harbour, Tauranga, Whakatane, Opotiki, Gisborne, Napier, Lake Ferry, the Wellington south coast and Wellington Harbour.
