Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.

Federal Signal Corporation (the "Company") manufactures safety, signaling and communication equipment and systems; articulated aerial devices and a broad range of municipal and industrial cleaning vehicles. To achieve technology, marketing, distribution and product application synergies, the Company's business units are organized and managed in three operating segments: Safety and Security Systems, Fire Rescue and Environmental Solutions. Consolidated Results of Operations
The following table presents the Company's results of operations for the three and six month periods ended June 30, 2009 and 2008, respectively ($ in millions, except per share data):