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  "documentTitle": "Federal Signal | Results Presentation Deck | 19 slides",
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  "authorName": "Federal Signal",
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  "presentationDate": "2024-02-01 00:00:00",
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      "text": "Assumptions\nAlthough seasonal effects typically result in Q1 earnings being lower than subsequent quarters, expecting meaningful YoY improvement in Q1 2024, with Q1 adjusted EPS¹ expected to represent between 19%-20% of our full-year earnings\nNo significant deterioration in current supply chain conditions; assumes continued improvement in 2024, with steady flow of customer-provided chassis\nNo significant increase in current input costs\nInterest expense of ~$13 M - $14 M, without additional M&A\nEffective tax rate of 25%-26%, excluding discrete items\n~62 M weighted average shares outstanding\nDepreciation and amortization expense of ~$66 M - $68M",
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      "text": "Issuing 2024 Guidance\nFull-Year Adjusted EPS¹ Outlook of $2.85 to $3.05\nWould represent YoY growth of 10% - 18%, and the highest EPS level in our history\nDoes not include discrete tax benefit of ~$14 M, anticipated in Q1 2024\nFull-year net sales of $1.85 B to $1.90 B\nWould represent YoY growth of 7% - 10%\nDouble-digit improvement in pre-tax earnings\nCapital expenditures of $35 M to $40 M",
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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 2023, we made adjustments to exclude the impact of acquisition and integration-related expenses (benefits), environmental remediation costs of a discontinued operation and purchase accounting effects. 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 2024, 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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