6955--10/28/2009--ACTUANT

related topics

{condition, economic, financial}

{property, intellectual, protect}

{cost, regulation, environmental}

{debt, indebtedness, cash}

{acquisition, growth, future}

{competitive, industry, competition}

{operation, international, foreign}

{tax, income, asset}

{personnel, key, retain}

{loss, insurance, financial}

{cost, operation, labor}

Current worldwide economic conditions have adversely affected our industry, business and results of operations. Market demand for our products may suffer cyclical declines. Our restructuring program could negatively affect our financial performance. Our indebtedness could harm our operating flexibility and competitive position. Our ability to service our debt obligations would be harmed if we fail to comply with the financial and other covenants in our debt agreements. Our businesses operate in highly competitive markets, so we may be forced to cut prices or incur additional costs. Our international operations pose currency and other risks. Our growth strategy includes strategic acquisitions. We may not be able to consummate future acquisitions or successfully integrate recent and future acquisitions. The indemnification provisions of acquisition agreements by which we have acquired companies may not fully protect us and may result in unexpected liabilities. Our goodwill and other intangible assets represent a substantial amount of our total assets. We may not be able to realize the anticipated benefits from acquired companies. Environmental laws and regulations may result in additional costs. Any loss of key personnel and the inability to attract and retain qualified employees could have a material adverse impact on our operations. If our intellectual property protection is inadequate, others may be able to use our technologies and tradenames and thereby reduce our ability to compete, which could have a material adverse effect on us, our financial condition and results of operations. Our products could infringe on the intellectual property of others, which may cause us to engage in costly litigation and, if we are not successful, could cause us to pay substantial damages and prohibit us from selling our products. Large or rapid increases in the costs of raw materials or substantial decreases in their availability could adversely affect our operations. Geopolitical unrest and terrorist activities may cause the economic conditions in the U.S. or abroad to deteriorate, which could harm our business.

Full 10-K form ▸

6955--10/28/2009--ACTUANT_CORP