45876--3/13/2006--HARSCO_CORP

related topics
{condition, economic, financial}
{operation, international, foreign}
{cost, regulation, environmental}
{gas, price, oil}
{debt, indebtedness, cash}
{loss, insurance, financial}
{financial, litigation, operation}
{stock, price, operating}
{customer, product, revenue}
{tax, income, asset}
Cyclical industry and economic conditions may adversely affect the Company s businesses. The Company s defined benefit pension expense is directly affected by the equity and bond markets and a downward trend in those markets could adversely impact the Company s future earnings. An upward trend in the equity and bond markets could positively affect the Company s future earnings. The Company s global presence subjects it to a variety of risks arising from doing business internationally. Exchange rate fluctuations may adversely impact the Company s business. Negative economic conditions may adversely impact the ability of the Company s customers to meet their obligations to the Company on a timely basis and impact the valuation of the Company s assets. A negative outcome on personal injury claims against the Company may adversely impact results of operations and financial condition. The Company may lose customers or be required to reduce prices as a result of competition. Increased customer concentration and credit risk in the Mill Services Segment may adversely affect the Company s future earnings and cash flows. Increases in energy prices could increase the Company s operating costs and reduce its profitability. Increases or decreases in purchase prices or availability of steel or other materials and commodities may affect the Company s profitability. The Company is subject to various environmental laws and the success of existing or future environmental claims against it could adversely affect the Company s results of operations and cash flows. Restrictions imposed by the Company s credit facilities and outstanding notes may limit the Company s ability to obtain additional financing or to pursue business opportunities. Higher than expected claims under insurance policies, under which the Company retains a portion of the risk, could adversely impact results of operations and cash flows. The seasonality of the Company s business may cause its quarterly results to fluctuate. The Company's cash flows and earnings are subject to changes in interest rates.

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