105634--2/25/2010--EMCOR_GROUP

related topics

{cost, contract, operation}

{cost, regulation, environmental}

{personnel, key, retain}

{condition, economic, financial}

{loss, insurance, financial}

{acquisition, growth, future}

{cost, operation, labor}

{competitive, industry, competition}

{customer, product, revenue}

{capital, credit, financial}

{financial, litigation, operation}

{operation, international, foreign}

{tax, income, asset}

{provision, law, control}

{interest, director, officer}

The economic downturn has lead to a reduction in demand for our construction services. Negative conditions in the credit markets may continue to adversely impact our ability to operate our business. Our business is vulnerable to the cyclical nature of the markets in which our clients operate and is dependent upon the timing and funding of new awards. An increase in the prices of certain materials used in our businesses could adversely affect our businesses. Our industry is highly competitive. We are a decentralized company, which presents certain risks. Our business may also be affected by adverse weather conditions. Our business may be affected by the work environment. Our dependence upon fixed price contracts could adversely affect our business. We could incur additional costs to cover guarantees. Many of our contracts, especially our facilities services contracts, may be canceled on short notice, and we may be unsuccessful in replacing such contracts if they are canceled or as they are completed or expire. The departure of key personnel could disrupt our business. We may be unable to attract and retain skilled employees. Our unionized workforce could adversely affect our operations. Fluctuating foreign currency exchange rates impact our financial results. Our failure to comply with environmental laws could result in significant liabilities. Adverse resolution of litigation and other legal proceedings may harm our operating results or financial condition. Opportunities within the government sector could lead to increased governmental regulation applicable to us and unrecoverable startup costs. A significant portion of our business depends on our ability to provide surety bonds. We may be unable to compete for or work on certain projects if we are not able to obtain the necessary surety bonds. We are effectively self-insured against many potential liabilities. We may incur liabilities or suffer negative financial impact relating to occupational, health and safety matters. If we fail to integrate future acquisitions successfully, this could adversely affect our business and results of operations. Our results of operations could be adversely affected as a result of goodwill and other identifiable intangible asset impairments. Amounts included in our backlog may not result in actual revenues or translate into profits. We account for the majority of our construction projects using the percentage-of-completion method of accounting; therefore, variations of actual results from our assumptions may reduce our profitability. The loss of one or a few customers could have an adverse effect on us. Certain provisions of our corporate governance documents could make an acquisition of us, or a substantial interest in us, more difficult.

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105634--2/25/2010--EMCOR_GROUP_INC