Federal Signal Finishes Record Year with Fourth Quarter Operating Income up 58%; Projects Continued Momentum in 2019

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Oak Brook, Illinois, February 28, 2019 — Federal Signal Corporation (NYSE:FSS), a leader in environmental and safety solutions, today reported results for the fourth quarter and year ended December 31, 2018.

• Q4 operating income of $33.4 million, up $12.3 million, or 58%, compared to last year

• Q4 net sales of $279 million, up $32 million, or 13% compared to last year

• GAAP EPS of $0.53 for the quarter, up 10% from last year, and $1.53 for the year, up 53%

• Adjusted EPS of $0.39 for the quarter, up 63% from last year, and $1.43 for the year, up 68%

• Projecting another strong year in 2019, with adjusted EPS* outlook of $1.48 to $1.60

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