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  "presentationDate": "2024-09-01 00:00:00",
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      "text": "FEDERAL SIGNAL\nMoves. Cleans. Protects.",
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      "text": "Assumptions\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 ~$13mm - $14mm, without additional M&A\nQ3-Q4 effective tax rate of 25%-26%, excluding discrete items\n~62mm weighted average shares outstanding\nDepreciation & amortization expense of ~$64mm - $66mm",
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      "text": "Raising Full-Year Adjusted EPS¹ Outlook to a new range of $3.20 to $3.35\nIncreased from the prior range of $2.95 to $3.15\nNew range would represent YoY growth of 24% - 30%, and the highest EPS level in our history\nFull-year net sales of $1.85bn to $1.90bn\nWould represent YoY growth of 7% - 10%\nDouble-digit improvement in pre-tax earnings\nCapital expenditures of $35mm to $40mm",
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      "text": "1. Adjusted earnings per share (\"EPS\") is a non-GAAP measure, which includes certain adjustments to reported GAAP net income and diluted EPS. In the three and six months ended June 30, 2024, we made adjustments to exclude the impact of acquisition and integration-related expenses, net, and certain special tax items. In prior years, we have also made adjustments to exclude the impact of environmental remediation costs of a discontinued operation, purchase accounting effects and certain other unusual or non-recurring items. Should any similar items occur in the remainder of 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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