55242--8/12/2010--KENNAMETAL_INC

related topics
{cost, regulation, environmental}
{property, intellectual, protect}
{system, service, information}
{competitive, industry, competition}
{operation, natural, condition}
{operation, international, foreign}
{personnel, key, retain}
{condition, economic, financial}
{product, liability, claim}
Downturns in the business cycle could adversely affect our sales and profitability. Our international operations pose certain risks that may adversely impact sales and earnings. Changes in the regulatory environment, including environmental, health and safety regulations, could subject us to increased compliance and manufacturing costs, which could have a material adverse effect on our business. Our continued success depends on our ability to protect and defend our intellectual property. We operate in a highly competitive environment. If we are unable to retain our qualified management and employees, our business may be negatively affected. Our future operating results may be affected by fluctuations in the prices and availability of raw materials. If we are unable to complete upgrades to our information technology systems that are currently in process, or our upgrades are unsuccessfully implemented, our future success may be negatively affected Product liability claims could have a material adverse effect on our business. Natural disasters or other global or regional catastrophic events could disrupt our operations and adversely affect results.

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