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  "documentTitle": "Federal Signal | Results Presentation Deck | 20 slides",
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  "authorName": "Federal Signal",
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  "presentationDate": "2023-11-01 00:00:00",
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      "text": "Generated ~$48 M of cash from operations in Q3 2023, up ~$38 M vs. Q3 2022\nYTD operating cash flow of ~$91 M, up 181% vs. prior year\nPaid down ~$40 M of debt during Q3\nAnticipating cap ex of $27 M-$30 M in 2023, including investments in our plants to add capacity and gain efficiencies through automation\nCompleted Blasters, Inc. acquisition in January 2023 for initial sum of ~$13 M\nCompleted Trackless Vehicles acquisition in April 2023 for initial sum of ~$42 M\nPaid $6.1 M for dividends, reflecting a dividend of $0.10 per share; recently declared similar dividend for Q4 2023\nDuring Q3, paid $4.3 M to repurchase ~72k shares (average price of $58.69); ~$55 M of authorization remaining under current share repurchase program (~2% of market cap)",
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      "text": "Cash and cash equivalents of $41 M\nNet debt of ~$325 M **\nIn October 2022, executed a five-year, $800 M revolving credit facility, with opportunity to increase further by the greater of (i) $400 M or (ii) 100% of TTM consolidated EBITDA, subject to lenders approval\n~$425 M of availability under revolving credit facility\nNet debt leverage remains low\nCompliant with all covenants with significant headroom",
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      "text": "* Dollar amounts as of, or for the quarter ending 9/30/2023, unless otherwise noted\n** Net debt is a non-GAAP measure and is computed as total debt of $365.9 M, less total cash and cash equivalents of $41.0 M",
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      "text": "Healthy cash flow and access to cash facilitate organic growth investment, M&A and cash returns to stockholders",
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