61986--2/28/2006--MANITOWOC_CO

related topics

{acquisition, growth, future}

{cost, operation, labor}

{operation, international, foreign}

{cost, regulation, environmental}

{product, liability, claim}

{condition, economic, financial}

{product, market, service}

{system, service, information}

{property, intellectual, protect}

{personnel, key, retain}

{competitive, industry, competition}

{financial, litigation, operation}

{debt, indebtedness, cash}

Some of our business segments are cyclical or are otherwise sensitive to volatile or variable factors. A downturn or weakness in overall economic activity or fluctuations in those other factors can have a material adverse effect on us. A substantial portion of our growth has come through acquisitions. We may not be able to identify or complete future acquisitions, which could adversely affect our future growth. Our future success depends on our ability to effectively integrate acquired companies and manage growth. Because we participate in industries that are intensely competitive, our net sales and profits could decline as we respond to competition. If we fail to develop new and innovative products or if customers in our markets do not accept them, our results would be negatively affected. Price increases in some materials and sources of supply could affect our profitability. We increasingly manufacture and sell our products outside of the United States, which may present additional risks to our business. We depend on our key personnel and the loss of these personnel could have an adverse affect on our business. Our operations and profitability could suffer if we experience labor relations problems. If we fail to protect our intellectual property rights or maintain our rights to use licensed intellectual property, our business could be adversely affected. Our results of operations may be negatively impacted by product liability lawsuits. Some of our products are built under fixed-price agreements; cost overruns therefore can hurt our results. Strategic divestitures could negatively affect our results. Environmental liabilities that may arise in the future could be material to us. We are exposed to the risk of foreign currency fluctuations. Increased or unexpected product warranty claims could adversely affect us. Some of our customers rely on financing with third parties to purchase our products, and we may incur expenses associated with our assistance to customers in securing third party financing. Our leverage may impair our operations and financial condition.

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61986--2/28/2006--MANITOWOC_CO_INC