SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 18, 2003
Federal Signal Corporation
(Exact name of registrant as specified in its charter)
Delaware 0-693 36-1063330
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
1415 W. 22nd Street, Oak Brook,Illinois 60523
(Address of principal executive offices) (Zip Code)
(630) 954-2000
(Registrant's telephone number, including area code)
Item 9. Regulation FD Disclosure
On April 14, 2003, the Registrant issued the following news release:
FEDERAL SIGNAL CORPORATION
TAKEN OFF CREDIT WATCH;
RECONFIRMS FIRST QUARTER EARNINGS GUIDANCE
Oak Brook, Illinois, April 14, 2003 - Federal Signal Corporation today
announced that Standard and Poor's had taken the company off credit watch and
reduced the short-term debt rating to A-3. Fitch Ratings recently reconfirmed
their short-term rating of F-2. The company expects the impact of the
announcement to modestly increase the borrowing cost from current levels on
about $200 million of short-term debt by less than 1% per annum. The rating has
no impact on liquidity.
The company separately confirmed first quarter earnings guidance of $.12 to
$.16 per share. First quarter earnings are scheduled for release before markets
open on Tuesday, April 22, 2003 and later that day, the company will host a
conference call at 11:00 a.m. Eastern Time to highlight results of the first
quarter, and discuss the company's outlook. The call will last approximately one
hour. You may listen to the conference call over the Internet through the
company's website at http://www.federalsignal.com. To listen to the call live,
we recommend you go to the website at least fifteen minutes in advance to
register and to download and install (if necessary) the required free audio
software. If you are unable to listen to the live broadcast, a replay accessible
from our website will be available shortly after the call concludes through 5:00
p.m. Eastern Time, Tuesday, April 29, 2003.
Federal Signal Corporation 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, 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.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
FEDERAL SIGNAL CORPORATION
Dated: April 18, 2003 By: /s/ Joseph J. Ross
Joseph J. Ross
Chairman and
Chief Executive Officer