| --- | --- | --- | --- | --- | |-------|-------|-------|-------------------------|----------------------------------------------------| | | | | | | | | | | | | | | | | | High Single Digit Revenue Growth | | | | | | | | | | | EBITDA Margin Targets: | ESG: 15-18% SSG: 17-21% (new) Consolidated: 12-16% | $100 on December 31, 2017 and assumes reinvestment of all dividends through December 31, 2022. Cumulative Returns to Stockholders (Couple of % points > GDP) Long-Term Organic Revenue Growth Cash Conversion: ~ ...

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 March 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 CORPORATI ...

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, 2022 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 ...

Financial Data and Key Metrics Changes - Consolidated net sales for Q3 2022 were $346 million, an increase of $48 million or 16% year-over-year, despite a $3 million unfavorable foreign currency translation impact [5] - Organic revenue growth for the quarter was $27 million or 9% [5] - Consolidated operating income was $39.5 million, up $5.2 million or 15% compared to last year [5] - Consolidated adjusted EBITDA for the quarter was $53.5 million, up $6.1 million or 13% year-over-year, with a margin of 15.4% compared to 15.9% last year [5] - Net income for the quarter was $31.8 million, an increase of $2.6 million or 9% from last year, equating to GAAP EPS of $0.52 per share, up 11% [5][6] - Adjusted EPS for the quarter was $0.53, an improvement of $0.05 or 10% compared to last year [6] - Order intake for the quarter was $382 million, representing an increase of $32 million or 9% compared to Q3 last year [6] - Consolidated backlog at the end of the quarter reached a record $824 million, an increase of $337 million or 69% from last year [6] Business Line Data and Key Metrics Changes - Environmental Solutions Group (ESG) net sales were $285 million, an increase of $36 million or 14% year-over-year [7] - ESG's operating income was $33.9 million, up $3.1 million or 10% compared to last year [7] - ESG's adjusted EBITDA was $46.5 million, up $3.8 million or 9% year-over-year, with an adjusted EBITDA margin of 16.3% compared to 17.1% last year [7] - Safety and Security Systems Group (SSG) net sales were $62 million, up $12 million or 25% year-over-year [7] - SSG's operating income was $10.5 million, up $2.9 million or 38% from last year [7] - SSG's adjusted EBITDA was $11.5 million, up $3 million or 35% year-over-year, with an adjusted EBITDA margin of 18.7%, up 140 basis points from Q3 last year [7][8] Market Data and Key Metrics Changes - U.S. municipal orders were up 20% for both the quarter and year-to-date, with strong demand for street sweepers and sewer cleaners [21] - Domestic municipal demand within SSG saw a 9% order improvement year-to-date [21] - Industrial end markets experienced a 15% year-over-year improvement in domestic orders [22] - The infrastructure bill, with $550 billion for new investments, is expected to drive demand for equipment inquiries from contractors [24][30] Company Strategy and Development Direction - The company is focused on organic growth initiatives and strategic acquisitions, including the recent acquisition of TowHaul Corporation for $43 million [11][25] - The acquisition of TowHaul is expected to enhance the company's position in the metal extraction industry and support recurring aftermarket needs [25][26] - The company is committed to vehicle electrification initiatives and has entered into agreements with EV chassis manufacturers [32] - The company is actively pursuing M&A opportunities and has a strong pipeline for future acquisitions [31][74] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in long-term opportunities and the prospects for recent acquisitions, highlighting strong demand for products and aftermarket offerings [28][29] - Despite ongoing supply chain disruptions, the company has seen improvements in production levels and is encouraged by recent trends [18][19] - The company raised its full-year adjusted EPS outlook to a range of $1.91 to $2, and net sales outlook to $1.41 billion to $1.44 billion [28] - Management noted that they are not currently seeing leading indicators of a recession and have not experienced meaningful order cancellations [31] Other Important Information - The company generated $10 million of cash from operations during the quarter, with total year-to-date operating cash generation at $32 million [10] - The company executed a new 5-year $800 million credit facility, providing greater financial flexibility [11] - The effective tax rate for the quarter was 13.4%, with expectations for a full-year effective tax rate of approximately 22% [9][60] Q&A Session Summary Question: Is the updated guidance implying a record 4Q revenue performance? - Management indicated that the combination of backlog size and recent production improvements gives confidence for revenue to be up over Q3 [40][41] Question: How much of the ESG backlog is shippable in 2023? - Management confirmed that all of the $765 million ESG backlog is shippable in 2023 [44][45] Question: Can you quantify how much revenue disruptions cost in ESG? - Management estimated that disruptions cost around $20 million in revenue, but noted it was difficult to pinpoint an exact number [66][68] Question: What are the lead times for products now compared to normal times? - Management acknowledged that lead times are currently too long but are focused on reducing them moving forward [76] Question: How does the rising interest rate environment impact customer purchases? - Management believes that municipal purchases will not be significantly impacted, while the aftermarket business provides rental options for industrial customers [77]

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, 2022 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 ...

Financial Data and Key Metrics Changes - Consolidated net sales for Q2 were $367 million, an increase of $32 million or 10% compared to last year [5] - Consolidated operating income for the quarter was $46.2 million, up $7.7 million or 20% compared to last year [5] - Consolidated adjusted EBITDA for the quarter was $58.2 million, up $6.3 million or 12% compared to last year, with a margin of 15.9%, up 40 basis points [5] - GAAP EPS for the quarter was $0.55 per share, up 15% compared to last year, while adjusted EPS was $0.53 per share, up 6% [6][13] - Order intake for the quarter was $413 million, representing an increase of $53 million or 15% compared to Q2 last year [6] - Backlog at the end of the quarter was $795 million, an increase of $358 million or 82% compared to Q2 last year [6] Business Line Data and Key Metrics Changes - Environmental Solutions Group (ESG) net sales were $306 million, an increase of $25 million or 9% compared to last year [6] - ESG's operating income was $39.1 million, up $600,000 or 2% compared to last year, with adjusted EBITDA of $51.6 million, up $1 million or 2% [7] - Safety and Security Systems Group (SSG) reported net sales of $60 million, an improvement of $7 million or 13% compared to last year, with operating income of $10.3 million, up 32% [8] Market Data and Key Metrics Changes - Demand for rental parts and used equipment sales increased, with aftermarket revenues totaling $161 million, a 12% improvement over last year [20] - Year-to-date orders from municipal and industrial customers were each up around 20% year-over-year [25] - Demand for safe digging products saw orders in the first half up $26 million or 69% year-over-year [28] Company Strategy and Development Direction - The company is focused on expanding its supply base and enhancing product offerings through R&D initiatives [31][34] - Recent acquisitions and capacity expansions are expected to contribute to long-term growth [37] - The company is well-positioned to benefit from federal stimulus and infrastructure legislation, which is anticipated to provide multi-year momentum [105] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating supply chain challenges and expects margins in the second half of the year to be higher than the first half [21][38] - The company raised the midpoint of its full-year adjusted EPS outlook to a new range of $1.85 to $2 [39] - Management highlighted the importance of government funding and infrastructure investments as key drivers for future demand [26][66] Other Important Information - The company generated $15 million of cash from operations during the quarter, representing a 16% increase over Q2 last year [14] - The company paid dividends of $5.4 million during the quarter and funded $2.5 million of share repurchases [15] Q&A Session Summary Question: Details on post-closing adjustment related to acquisition - The post-closing adjustment was related to the OSW acquisition, resulting in a $2 million cash inflow during the quarter [43] Question: Performance of safety and security products - Strong performance was noted across major product lines, particularly in public safety systems, driven by new product development and major project shipments [44] Question: Update on heavy truck chassis availability - Chassis availability remains a challenge, but the company is receiving allocated chassis for certain businesses [47] Question: Impact of supply chain issues on production - Supply chain issues are expected to continue affecting production schedules, but the company is adapting to these challenges [93] Question: Organic growth rates for revenue and orders - Of the 15% order improvement, about 9% was organic, with a fairly even split between volume and price [92]

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q (Mark One) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) De ...

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 March 31, 2022 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 CORPORATI ...

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, 2021 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 ...

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, 2021 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 ...