1091883--3/10/2008--CIRCOR_INTERNATIONAL

related topics

{cost, regulation, environmental}

{product, market, service}

{cost, operation, labor}

{customer, product, revenue}

{stock, price, operating}

{condition, economic, financial}

{operation, international, foreign}

{financial, litigation, operation}

{debt, indebtedness, cash}

{control, financial, internal}

{provision, law, control}

{personnel, key, retain}

{product, liability, claim}

Our Leslie Controls, Inc. subsidiary is subject to asbestos-related litigation that could ultimately have an adverse effect on our financial statements, results of operations or cash flows. Some of our end-markets are cyclical, which may cause us to experience fluctuations in revenues or operating results. We face the continuing impact of economic and financial conditions in the United States and around the world as well as current conflicts in Iraq and the rest of the Middle East. If we cannot continue operating our manufacturing facilities at current or higher levels, our results of operations could be adversely affected. We face significant competition in our markets and, if we are not able to respond to competition in our markets, our revenues may decrease. If we experience delays in introducing new products or if our existing or new products do not achieve or maintain market acceptance, our revenues may decrease. Implementation of our acquisition strategy may not be successful, which could affect our ability to increase our revenues or could reduce our profitability. If we fail to manufacture and deliver high quality products, we may lose customers. If we are unable to continue operating successfully overseas or to successfully expand into new international markets, our revenues may decrease. If we can not pass on higher raw material or manufacturing costs to our customers, we may become less profitable. If our suppliers cannot provide us with adequate quantities of materials to meet our customers demands on a timely basis or if the quality of the materials provided does not meet our standards we may lose customers or experience lower profitability. A change in international governmental policies or restrictions could result in decreased availability and increased costs for certain components and finished products that we outsource, which could adversely affect our profitability. The costs of complying with existing or future environmental regulations, and curing any violations of these regulations could increase our expenses or reduce our profitability. The costs of complying with existing or future governmental regulations on importing and exporting practices and of curing any violations of these regulations, could increase our expenses, reduce our revenues or reduce our profitability. If our internal controls over financial reporting do not comply with the requirements of the Sarbanes-Oxley Act, our business and stock price could be adversely affected. We face risks from product liability lawsuits that may adversely affect our business. We depend on our key personnel and the loss of their services may adversely affect our business. Various restrictions and agreements could hinder a takeover of us which is not supported by our board of directors or which is leveraged. Our debt agreements limit our ability to issue equity, make acquisitions, incur debt, pay dividends, make investments, sell assets, merge or raise capital. The trading price of our common stock may be volatile and investors in our common stock may experience substantial losses. Our international activities expose us to fluctuations in currency exchange rates that could adversely affect our results of operations and cash flows.

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1091883--3/10/2008--CIRCOR_INTERNATIONAL_INC