746598--9/28/2009--BRADY_CORP

related topics
{tax, income, asset}
{operation, international, foreign}
{regulation, change, law}
{cost, regulation, environmental}
{debt, indebtedness, cash}
{product, market, service}
{acquisition, growth, future}
{competitive, industry, competition}
{personnel, key, retain}
{customer, product, revenue}
{system, service, information}
{condition, economic, financial}
Uncertainties in the global economy may put pressure on the Company s ability to maintain compliance with its debt covenants. The Company may experience unforeseen tax consequences. Income tax regulations may change, thus negatively impacting the Company s future operating results. 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 affected adversely. 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. Foreign currency fluctuations 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 its results of operations. 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. The Company depends on its key personnel and the loss of these personnel could have an adverse effect on the Company s operations. The Company may be unable to successfully implement anticipated changes to its information technology system. An increase in the Company s level of indebtedness could adversely affect its financial health and make it vulnerable to adverse economic conditions. Environmental, health and safety laws and regulations could adversely affect the Company s business. The Company s businesses are subject to regulation; failure to comply with those regulations could adversely affect its financial condition, results of operations and reputation.

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