746598--9/21/2010--BRADY_CORP

related topics
{operation, international, foreign}
{tax, income, asset}
{acquisition, growth, future}
{competitive, industry, competition}
{product, market, service}
{customer, product, revenue}
The Company s net earnings could be affected by changes in tax legislation or tax rates. Additionally, audits by taxing authorities could result in tax payments for prior periods. The Company may be adversely impacted by an inability to identify, complete and integrate acquisitions. If the Company fails to develop new products or its customers do not accept the new products it develops, the Company s business could be adversely affected. The Company operates in competitive markets and may be forced to cut its prices or incur additional costs to remain competitive, which may have a negative impact on its profitability. The global nature of our business exposes us to foreign currency fluctuations that could adversely affect the Company s sales, profits, and cash balances. The Company s goodwill or other intangible assets may become impaired, which may negatively impact the Company s profitability. The Company has a concentration of business with several large key customers and distributors and loss of one or more of these customers could significantly affect the Company s results of operations, cash flows, and liquidity. The Company increasingly conducts a sizable amount of its manufacturing outside of the United States, which may present additional risks to its business.

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