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  "documentTitle": "Federal Signal | Investor Presentation Deck | 28 slides",
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  "authorName": "Federal Signal",
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  "presentationDate": "2023-11-01 00:00:00",
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      "text": "Guidance\nRecently Raised Full-Year Adjusted EPS¹ Outlook to a new range of $2.44 to $2.52, from $2.30 to $2.46\nAlso raised the low end of full-year net sales outlook by $30mm, new range of $1.68bn to $1.72bn\nRepresents YoY growth of 17% - 20% vs. $1.43bn in 2022\nDouble-digit improvement in pre-tax earnings\nCapital expenditures of $27mm to $30mm",
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      "text": "Assumptions\nNo significant deterioration in current supply chain environment; assumes continued supply chain improvement in Q4 2023, with steady flow of customer-provided chassis\nNo significant increase in current input costs\nInterest expense of ~$20-21mm; YoY EPS headwind of ~$0.13\nEffective tax rate of ~24%, excluding additional discrete items; YoY EPS headwind of ~$0.07\n~61-62mm weighted average shares outstanding\nDepreciation and amortization expense of ~$60mm-$62mm",
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      "text": "Adjusted earnings per share (\"EPS\") is a non-GAAP measure, which includes certain adjustments to reported GAAP net income and diluted EPS. In the nine months ended September 30, 2023, we made adjustments to exclude the impact of acquisition and integration-related expenses (benefits) and environmental remediation costs of a discontinued operation. In prior years, we have also made adjustments to exclude the impact of debt settlement charges and certain other unusual or non-recurring items. Should any similar items occur in the remainder of 2023, we would expect to exclude them from the determination of adjusted EPS. However, because of the underlying uncertainty in quantifying amounts which may not yet be known, a reconciliation of our Adjusted EPS outlook to the most applicable GAAP measure is excluded based on the unreasonable efforts exception in Item 10(e)(1)(i)(B).",
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      "text": "2023 Financial Outlook",
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