Federal Signal (FSS) Proxy Filing summary

Executive summary

• Achieved record net sales of $2.18 billion in 2025, a 17% increase year-over-year, with both Safety and Security Systems Group and Environmental Solutions Group delivering strong results.

• Adjusted EBITDA rose 25% to $438.9 million, with margin expanding to 20.1%; adjusted EPS increased 27% to $4.23.

• Completed strategic acquisitions of Hog Technologies, New Way Trucks, and Mega Corp., strengthening key verticals and expanding product offerings.

• Raised through-cycle adjusted EBITDA margin targets for both consolidated operations and ESG, reflecting confidence in operational improvements.

• Operating cash flow reached $255 million, supporting investments in growth, acquisitions, and $74 million in cash returns to stockholders.

Voting matters and shareholder proposals

• Proxy materials include an outreach letter to stockholders as part of additional proxy solicitation.

Executive compensation and say-on-pay

• Record financial performance and operational achievements are highlighted as context for executive compensation decisions.