Financial Data and Key Metrics Changes - Operating income for 2023 was $224.5 million, an increase of $63.7 million or 40% from the prior year [28] - Adjusted EBITDA for the year was $286 million, up $71 million or 33% compared to the prior year, with an adjusted EBITDA margin of 16.6%, up 160 basis points from last year [28] - GAAP earnings for the year equated to $2.56 per share, up $0.59 per share or 30% from the prior year [41] - Cash generated from operations during Q4 was $103 million, an increase of $64 million or 162% from Q4 last year [34] Business Line Data and Key Metrics Changes - ESG sales for Q4 were $373 million, an increase of $48 million or 15% compared to Q4 last year, with adjusted EBITDA of $73.3 million, up 27% [29] - SSG's Q4 sales were $75 million, up $9 million or 14%, with adjusted EBITDA of $16 million, up 21% [29] - Aftermarket revenues were up 24% over last year, contributing to 27% of ESG revenue in Q4 compared to 25% last year [52] Market Data and Key Metrics Changes - Orders for the year were $1.87 billion, an increase of $178 million or 11% from the prior year, with a consolidated backlog at an all-time high of $1.03 billion, up 17% [41] - Q4 order intake was $465 million, representing a 5% increase compared to last year [46] Company Strategy and Development Direction - The company remains focused on operational excellence, organic growth, and value-added M&A as strategic building blocks [63] - Plans for a phased rollout of the Federal Signal operating system in 2024 aim to drive efficiency gains and cost savings [64] - The company is optimistic about further margin expansion opportunities driven by internal efficiency initiatives and planned production increases [37] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the demand for products, citing strong order intake and ongoing improvements in production levels [46][51] - The company expects net sales for 2024 to be between $1.85 billion and $1.9 billion, with adjusted EPS projected between $2.85 and $3.05 per share [60] - Management highlighted the potential long-term benefits from infrastructure legislation, although immediate impacts are not expected in 2024 [55][60] Other Important Information - The company paid dividends of $6.1 million during the quarter and announced a 20% increase in dividends for Q1 2024 [35] - The acquisition of Trackless has shown strong sales growth of over 30% in 2023 compared to 2022 [57] Q&A Session Summary Question: How much of the backlog is set for delivery in '24? - Management indicated they are in good shape for Class 8 chassis and are monitoring availability for Class 5 and Class 7 chassis, expecting improvements in the second half of the year [75][76] Question: How much of your 2023 growth would you attribute to price versus volume? - Management stated that for 2024, they expect 7% to 10% growth, with price contributing about 2.5% to 3% of that, while in 2023, price impact was between 3% and 4% [77] Question: What are the cash deployment priorities for 2024? - Management prioritized investment in organic growth initiatives, followed by M&A, competitive dividend yield, and opportunistic share buybacks [109]

Federal Signal Q4 2023 Earnings Call February 27, 2024 Safe Harbor This presentation also contains references to certain non-GAAP financial information. Such items are reconciled herein, in our earnings news release provided as of the date of this presentation or in other investor materials filed with the SEC. | --- | --- | |-------|--------------------------------------------------| | | | | • | Record net sales of $1.72 B, up $288 M, or 20% | | | Organic growth of $220 M, or 15% | | • | Operating income of ...

Federal Signal (FSS) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.45%. A quarter ago, it was expected that this company that makes products ranging from street sweepers to toll booth technology for government, industrial and commercial customers would post earnings of $0.65 per ...

OAK BROOK, Ill., Feb. 27, 2024 /PRNewswire/ -- Federal Signal Corporation (NYSE:FSS), a leader in environmental and safety solutions, today reported results for the fourth quarter and year ended December 31, 2023.  Fourth Quarter Highlights Net sales of $448 million, up $57 million, or 15%, from last year; organic growth of $42 million, or 11% Operating income of $63.1 million, up $16.5 million, or 35%, from last year Operating cash flow of $103 million, up $64 million, or 162%, from last year GAAP EPS of ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-6003 FEDERAL SIGNAL CORPORATION (Exact name of registrant as specified in its cha ...

Federal Signal Q3 2023 Earnings Call November 2, 2023 Jennifer Sherman, President & Chief Executive Officer Ian Hudson, SVP, Chief Financial Officer Felix Boeschen, VP, Corporate Strategy & Investor Relations Safe Harbor This presentation contains unaudited financial information and various forward-looking statements as of the date hereof and we undertake no obligation to update these forward- looking statements regardless of new developments or otherwise. Statements in this presentation that are not histor ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-6003 _____________________________________________ FEDERAL SIGNAL CORPO ...

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 ...

FORM 10-Q Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 1-6003 _____________________________________________ FEDERAL SIGNAL CORPORATIO ...

Disciplined Growth Safe Harbor Statement This presentation also contains certain measures that are not in accordance with U.S. generally accepted accounting principles ("GAAP"). The non-GAAP financial information presented herein should be considered supplemental to, and not a substitute for, or superior to, financial measures calculated in accordance with GAAP. The Company has provided this supplemental information to investors, analysts, and other interested parties to enable them to perform additional an ...