I'll talk about our expectations for Q4 just later. But now, I'll go through our Q3 financial results. Q3 financial headlines include our EPS from continuing operations for the quarter of $0.05 and we generated $20 million cash flow from continuing operations. Looking at the P&L for the quarter, as I mentioned Q3 orders were $170 million up 11% versus last year. And sales of $182 million were up 12% versus last year.Gross margin improved slightly in the quarter to 25.1%. Operating expenses or SG&A were $40 million up $7 million from last year. The increase in SG&A versus last year is due to inclusion of SG&A costs from the acquired businesses and the newly formed FSTech group which were not in last year's P&L as well as higher costs associated with the company's and hearing loss litigation.
Federal Signal CEO Discusses Q3 2010 Results - Earnings Call Transcript
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