76334--8/29/2007--PARKER_HANNIFIN_CORP

related topics
{cost, regulation, environmental}
{product, liability, claim}
{tax, income, asset}
{competitive, industry, competition}
{acquisition, growth, future}
{property, intellectual, protect}
{operation, international, foreign}
{cost, operation, labor}
{customer, product, revenue}
{regulation, change, law}
{regulation, government, change}
{gas, price, oil}
The Company is subject to risks relating to its foreign operations. Demand for and supply of the Company s products may be adversely affected by numerous factors, some of which the Company cannot predict or control, which could adversely affect its results of operations. The Company operates in a highly competitive environment. The Company s future growth is partly dependent on the development of new products and technologies and preservation of its intellectual property. The raw materials used in the Company s production processes and by its suppliers of component parts are subject to price and supply fluctuations that could increase the Company s costs of products and adversely affect the Company s results of operations. The Company may face limitations on its ability to complete acquisitions or successfully integrate acquired businesses. Potential product liability risks exist from the products that the Company sells. The Company may be adversely affected by the impact of environmental and safety regulations to which it is subject. The Company does business with the U.S government and as such is subject to increased government regulations. Changes in the Company s tax rates or exposure to additional income tax liabilities could affect profitability. Increasing costs of certain employee and retiree benefits could adversely affect the Company s results of operations.

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