Federal Signal Reports Operating Income Up 32%, Raises EPS Outlook by $0.04

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Oak Brook, IL, November  5, 2014 — Federal Signal Corporation (NYSE:FSS), a leader in environmental and safety solutions, today reported results for the third quarter ended September 30, 2014. Consolidated net sales for the third quarter were $219.3 million, up 5% versus the same quarter a year ago. Third quarter income from continuing operations was $15.2 million, equal to $0.24 per diluted share, compared to $16.8 million, equal to $0.26 per diluted share, in the prior-year quarter. The third quarter of 2013 included significantly lower income tax expense due to the prior-year release of valuation allowance on deferred income taxes.

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