1381455--4/29/2008--Stewart_&_Stevenson

related topics

{operation, natural, condition}

{customer, product, revenue}

{personnel, key, retain}

{acquisition, growth, future}

{cost, regulation, environmental}

{cost, contract, operation}

{condition, economic, financial}

{loan, real, estate}

{regulation, change, law}

{debt, indebtedness, cash}

{operation, international, foreign}

{competitive, industry, competition}

Our senior credit facility and the indenture governing our senior notes impose significant operating and financial restrictions on us which may prevent us from pursuing our business strategies or favorable business opportunities. Periodic economic and industry downturns may adversely impact our operating results. We face intense competition in each of our lines of business. Our international sales and aftermarket parts and service operations are subject to factors that could have an adverse effect on our business, financial condition and results of operations. If our arrangements with our suppliers, including our key OEMs, were to be adversely affected, our equipment sales and aftermarket parts and service businesses may suffer. The occurrence of an event not fully covered by insurance could have a material adverse effect on our business, financial condition and results of operations. Our success is dependent on our ability to attract and retain qualified employees. Our customers are generally quoted a fixed price for the equipment that we sell, which exposes us to the risk of cost overruns if we do not accurately estimate the costs associated with the product. We are susceptible to adverse weather conditions affecting the Gulf Coast. We may continue to expand through acquisitions of other companies, which may divert our management s attention, may result in dilution to our stockholders and may consume resources that are necessary to sustain our business. We may not be able to successfully integrate acquired businesses with our business and we may not realize the anticipated benefits of such acquisitions. Our operations and our customers operations are subject to a variety of environmental, health and safety laws and regulations that may increase our costs, limit the demand for our products and services or restrict our operations. Failure to maintain key licenses could have a material impact on our operations. We may be unable to adequately protect or enforce our own intellectual property rights or the value thereof, including our rights to use the Stewart Stevenson and Crown trademarks, which could have a material adverse effect on our business. As an SEC reporting company, we are subject to additional regulation and will incur additional administrative costs relating to compliance with U.S. securities laws.

Full 10-K form ▸

1381455--4/29/2008--Stewart_&_Stevenson_LLC