Federal Signal Corporation Announces Effects Of Hurricanes On Fire Rescue Group Operations

OAK BROOK, Ill., Sept. 7 -- Federal Signal Corporation announced today that its Fire Rescue plant in Ocala, Florida has been adversely affected by the effects of Hurricane Frances. The Ocala operations sustained little physical damage but will have lost 2-3 days of fire truck production due to the loss of power and other emergency conditions in the Ocala area. Production shifts were released in advance of the hurricane to allow employees to secure their personal residences. At this time, power has been restored to most, but not all, of the plant facilities, and fire truck production is expected to resume later today assuming power continuity and improved weather and travel conditions. The adverse financial impact of production losses, including production losses resulting from Hurricane Charley earlier, is estimated at $1.0-1.5 million pre-tax.

Federal Signal is a global manufacturer of leading niche products in four operating groups: environmental vehicles and related products, fire rescue vehicles, safety and signaling products, and consumable industrial tooling. Based in Oak Brook, Illinois, the company's shares are traded on the New York Stock Exchange under the symbol FSS.

This release contains various forward-looking statements as of the date hereof and we undertake no obligation to update these statements regardless of new developments or otherwise. Statements in this release that are not historical are forward-looking statements. Such statements are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Such risks and uncertainties include but are not limited to: economic conditions in various regions, product and price competition, supplier and raw material prices, foreign currency exchange rate changes, interest rate changes, increased legal expenses and litigation results, legal and regulatory developments such as the FIRE Act grant program and other risks and uncertainties described in filings with the Securities and Exchange Commission.