771497--12/22/2008--ABM_INDUSTRIES_INC

related topics

{cost, operation, labor}

{condition, economic, financial}

{customer, product, revenue}

{loss, insurance, financial}

{debt, indebtedness, cash}

{cost, contract, operation}

{financial, litigation, operation}

{operation, natural, condition}

{competitive, industry, competition}

{loan, real, estate}

{control, financial, internal}

The move of our corporate headquarters has led to loss of personnel and institutional knowledge, and may disrupt the continuity of control functions. The sale of ABM s Lighting division could impact our ability to collect accounts receivables. A change in the frequency or severity of claims, a deterioration in claims management, the cancellation or non-renewal of primary insurance policies or a change in our customers insurance needs could adversely affect results. A change in estimated claims costs could affect results. Any future increase in the level of debt or in interest rates, can affect our results of operations. Our ability to operate and pay our debt obligations depends upon our access to cash. Deterioration in economic conditions in general could further reduce the demand for facility services and, as a result, reduce our earnings and adversely affect our financial condition. A decline in commercial office building occupancy and rental rates could affect revenues and profitability. Recent turmoil in the credit markets and the financial services industry may impact our ability to collect receivables on a timely basis and may negatively impact our cash flow. The financial difficulties or bankruptcy of one or more of our major customers could adversely affect results. An impairment charge could have a material adverse effect on our financial condition and results of operations Labor disputes could lead to loss of revenues or expense variations. We participate in multi-employer defined benefit plans which could result in our incurrence of substantial liabilities. Our success depends on our ability to preserve our long-term relationships with customers. We are subject to intense competition that can constrain our ability to gain business, as well as our profitability. An increase in costs that we cannot pass on to customers could affect profitability. Natural disasters or acts of terrorism could disrupt services. We incur significant accounting and other control costs that reduce profitability. ABM and certain subsidiaries are defendants in several class and representative action lawsuits alleging various wage and hour claims that could cause us to incur substantial liabilities.

Full 10-K form ▸

771497--12/22/2008--ABM_INDUSTRIES_INC_/DE/