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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": "Generated ~$103 M of cash from operations in Q4 2023, up ~$64 M, or 162%, vs. Q4 2022\nYTD operating cash flow of ~$194 M, up ~$123 M, or 171%, vs. prior year\nPaid down ~$70 M of debt during Q4 (~$110 M in 2H 2023)\nCapital expenditures of $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 in Q4, reflecting a dividend of $0.10 per share; recently declared increased dividend of $0.12 per share for Q1 2024\nDuring Q4, paid $1.2 M to repurchase ~21k shares (average price of $59.50); ~$54 M remaining under authorized repurchase program (~1% of market cap)",
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      "text": "Cash and cash equivalents of $61.0 M\nNet debt of ~$238 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~$493 M of availability under revolving credit facility\nNet debt leverage remains low\nCompliant with all covenants with significant headroom",
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      "text": "Healthy cash\nflow and access\nto cash facilitate\norganic growth\ninvestment,\nM&A and cash\nreturns to\nstockholders",
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      "text": "Strong capital\nstructure",
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      "text": "* Dollar amounts as of, or for the quarter ending 12/31/2023, unless otherwise noted\n** Net debt is a non-GAAP measure and is computed as total debt of $299.0 M, less total cash and cash equivalents of $61.0 M",
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      "kind": "title",
      "text": "Financial Strength and Flexibility *",
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