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Federal Signal Completes Acquisition of Truck Bodies and Equipment International

OAK BROOK, Illinois, June 2, 2017 — Federal Signal Corporation (NYSE:FSS) (“the Company”), a leader in environmental and safety solutions, today announced that it has completed the acquisition of Truck Bodies and Equipment International (“TBEI”), a leading U.S. manufacturer of dump truck bodies and trailers, for a purchase price of $270 million, subject to customary closing adjustments. Signing of the purchase agreement was previously announced on May 8, 2017.

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Federal Signal Corporation Reports First Quarter Earnings and 58% Order Improvement

• Total orders of $215 million, up $79 million, or 58%, compared to last year and up $49 million, or 30%, compared to the fourth quarter of 2016

• Net sales of $178 million, up 3% compared to last year

• GAAP earnings per share of $0.12 for the quarter

• Adjusted earnings per share of $0.14 for the quarter

• Operating cash flow up $20.4 million compared to last year

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