216275--10/2/2006--JLG_INDUSTRIES

related topics

{customer, product, revenue}

{cost, regulation, environmental}

{loss, insurance, financial}

{product, market, service}

{operation, international, foreign}

{financial, litigation, operation}

{acquisition, growth, future}

{operation, natural, condition}

{cost, operation, labor}

{debt, indebtedness, cash}

{personnel, key, retain}

{tax, income, asset}

{system, service, information}

{regulation, change, law}

{capital, credit, financial}

Our customer base is consolidated and a relatively small number of customers account for a majority of our sales, the loss of which may adversely impact our revenues. We operate in a highly competitive industry, and there is no assurance that customers will continue to regard our products favorably or that we will be able to continue to compete successfully. Our manufacturing operations are dependent upon third-party suppliers, making us vulnerable to supply shortages and price increases. We may experience credit losses in excess of our allowances and reserves for doubtful accounts, finance and pledged finance receivables, notes receivable and guarantees of indebtedness of others. Our customers need financing to purchase our products, which exposes us to additional business and credit risks. Our credit facilities impose operating and financial limitations that may inhibit our ability to make capital expenditures, strategic investments and the violation of which may adversely impact our capital resources. Our warranty reserves may be insufficient to cover increased or unexpected warranty claims, which could require the use of cash and short-term investments to cover such claims. Our products involve risks of personal injury and property damage, which expose us to potentially significant liability. Our success depends on our ability to improve productivity and streamline operations to control or reduce costs. If we are unable to successfully introduce new products and services, our revenues and market share may be adversely impacted. We may face limitations on our ability to finance future acquisitions and integrate acquired businesses. Failures of our infrastructure could have a material adverse effect on our business. We have substantial international operations, the conduct of which subject us to risks that may have a material adverse effect on our revenues and financial performance. Currency fluctuations from our international sales may have an unpredictable impact on our financial performance. Compliance with environmental and other governmental regulations could be costly and require us to make significant expenditures. We face risks related to an SEC inquiry. We are dependent on the management and leadership of Mr. Lasky and other key members of management, the loss of whom could adversely impact our operations. We may be subject to unanticipated litigation, to which the resolution and response may require significant expenditures and adversely impact our ability to conduct our business. We may be subject to greater than anticipated tax liabilities. Catastrophic events may disrupt our business.

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216275--10/2/2006--JLG_INDUSTRIES_INC