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While these statements are based on assumptions and judgments that management has made in light of industry experience as well as perceptions of historical trends, current conditions, expected future developments and other factors believed to be appropriate under the circumstances, they are subject to risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different. 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FSS market share ranges from 20-50% in those categories.", "attrs": {}, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:02:36.733+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "b36a2fa3-8434-4fed-924e-03a6197c5edd", "parentComponentId": null }, { "bbox": { "h": 0.01, "w": 0.25, "x": 0.22, "y": 0.93 }, "kind": "source-note", "text": "Source: Management, NTEA as of 2023, Specialty Research", "attrs": {}, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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services\nElectronic controls and hydraulics cost-cutting measures to drive further synergies being evaluated currently", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:02:36.534+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "7e33fdd5-3cc8-4ba8-9cd9-f3799740619b", "parentComponentId": null }, { "bbox": { "h": 0.013, "w": 0.21, "x": 0.252, "y": 0.934 }, "kind": "source-note", "text": "Source: International Energy Agency", "attrs": null, "canon": { "kind": { "name": "Source note", 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Act\n$350bn of government spending designated for cities, states, tribal governments and U.S. territories\nFirst $175bn distributed in 2021; second $175bn in 2022. Funds to be obligated by end of 2024 and expended by end of 2026\nInfrastructure Investment and Jobs Act\n$550bn of spending over five years to improve the nation's transportation, water, electric power and infrastructure\nRising Complexity of Vehicles\nInvestments in autonomous infrastructure and increasing “smart” features in vehicles are driving increased need for our road-marking and line removal offerings\nHigher mineral content in electric vehicles is driving demand for Federal Signal's mineral extraction support equipment\nTight Commercial Driver's License Labor Pool\nThe qualified CDL driver market for many specialty vehicle applications remains tight, exacerbated by the legalization of marijuana across North America. This is leading to rising customer needs for ease in equipment functionality, design and training\nSupply Chain Fluidity Remains a Constraint but Improving:\nClass 8 chassis supply for key offerings has eased, but medium duty chassis for select dump body businesses remain a constraint\nCombined Q4 production output at two largest manufacturing facilities up 11% YoY\nLead times for certain product lines remain stretched beyond normal levels given component shortages and strong demand", "attrs": null, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:02:38.055+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "ada2ffb0-96c6-48ad-a9ac-12a48e91f613", "parentComponentId": null }, { "bbox": { "h": 0.015, "w": 0.45, "x": 0.229, "y": 0.929 }, "kind": "source-note", "text": "Source: White House website, U.S. Department of Transportation, and Western Pacific Trucking School", "attrs": null, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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Project\nDowneast Coastal US 1 Rehabilitation Project\nI-90 Austin Bridges Improvement Project\nUS 212 Freight Mobility & Safety Project\nI-70 Floyd Hill to Veterans Memorial Tunnels Improvements!\nI-4 West Central Florida Truck Parking Facility\nUS-395 & Virginia Street North Valleys\n1-85 FUTURES\nHunts Point Terminal Produce Market Intermodal Facility\nBorder Highway Connector Project\nI-375 Community Reconnection Project\nWestern Hills Viaduct Replacement", "attrs": {}, "canon": { "kind": { "name": "List", "slug": "list", "status": "active", "canonId": "019de52c-f94b-779b-a53b-fd4904a5f4d2", "version": 1, "description": "Bullet or numbered list." }, "tool": null, "subkind": { "name": "Bullet list", "slug": "bullet", "status": "active", "canonId": "019de52c-fc98-7169-a083-5cab805076ca", "version": 1, "description": null }, "framework": null }, "subkind": "bullet", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:02:38.735+00", "model": 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Effective 2019, the Company no longer recognizes the\ngain due to the adoption of new lease accounting standard.", "attrs": null, "canon": { "kind": { "name": "Source note", "slug": "source-note", "status": "active", "canonId": "23484952-494b-4a5e-b1ad-550d0d70e948", "version": 1, "description": "Attribution / source / caveat placed at the slide footer. 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Cleans. Protects.", "attrs": null, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:02:44.189+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "bd52bcd8-6961-46bc-aa9c-953d23d77575", "parentComponentId": null }, { "bbox": { "h": 0.088, "w": 0.869, "x": 0.06, "y": 0.619 }, "kind": "paragraph", "text": "Free cash flow is a non-GAAP measure that is computed as net cash provided by continuing operating activities less purchases of property and equipment. Management believes that free cash flow provides investors with a relevant measure of liquidity and is a useful basis for assessing the Company's ability to fund its activities and obligations. Other companies may use different methods to calculate free cash flow.", "attrs": null, "canon": { "kind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "5f2affc0-941d-4d07-959d-4bfc1930cea4", "version": 1, "description": "Single prose block in the body of a slide." }, "tool": null, "subkind": { "name": "Paragraph", "slug": "paragraph", "status": "active", "canonId": "019de52c-fb80-75af-aa5c-a7a4bfac2433", "version": 1, "description": null }, "framework": null }, "subkind": "paragraph", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:02:44.189+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "02a9b899-d760-4501-88f8-ba9fa9f74540", "parentComponentId": null }, { "bbox": { "h": 0.088, "w": 0.869, "x": 0.06, "y": 0.17 }, "kind": "paragraph", "text": "Net debt leverage is a non-GAAP measure that is computed as total borrowings and finance lease obligations less cash and cash equivalents, divided by Adjusted EBITDA (as separately defined within). The Company believes that net debt leverage provides investors with a view of the Company's ability to generate earnings sufficient to service its debt. 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Cleans. Protects.", "attrs": null, "canon": { "kind": { "name": "Image", "slug": "image", "status": "active", "canonId": "019de52c-f978-701f-a720-51d029d769e7", "version": 1, "description": "Photo, illustration, screenshot or icon." }, "tool": null, "subkind": { "name": "Logo", "slug": "logo", "status": "active", "canonId": "019de52c-fdaf-743d-94c4-d7c6a0e55302", "version": 1, "description": null }, "framework": null }, "subkind": "logo", "groupRole": null, "confidence": null, "extraction": { "at": "2026-05-02 07:02:42.125+00", "model": "google/gemini-2.5-flash", "runId": null, "seconds": null, "promptVersion": null }, "componentId": "af6611a2-c76a-4e2d-af3c-7fd8296fde7f", "parentComponentId": null }, { "bbox": { "h": 0.017, "w": 0.024, "x": 0.949, "y": 0.94 }, "kind": "legend", "text": "29", "attrs": null, "canon": { "kind": { "name": "Legend", "slug": "legend", "status": "active", "canonId": "31361933-3d22-4c70-bbad-0801e9fffc0c", "version": 1, "description": "Color/symbol decoder placed 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