80420--12/10/2008--POWELL_INDUSTRIES

related topics

{personnel, key, retain}

{tax, income, asset}

{acquisition, growth, future}

{loss, insurance, financial}

{financial, litigation, operation}

{stock, price, operating}

{competitive, industry, competition}

{control, financial, internal}

{operation, international, foreign}

{cost, contract, operation}

{customer, product, revenue}

{condition, economic, financial}

The U.S. government s proposed plan to address the financial crises may not be effective to stabilize the financial markets or to increase the availability of credit. Our industry is highly competitive. International and political events may adversely affect our operations. Fluctuations in the price and supply of raw materials used to manufacture our products may reduce our profits. Our use of percentage-of-completion accounting could result in a reduction or elimination of previously reported profits. Our dependence upon fixed-price contracts could result in reduced profits or, in some cases, losses, if costs increase above our estimates. Our acquisition strategy involves a number of risks. We may not be able to fully realize the revenue value reported in our backlog. Our operating results may vary significantly from quarter to quarter. We may be unsuccessful at generating internal growth. The departure of key personnel could disrupt our business. Our business requires skilled labor, and we may be unable to attract and retain qualified employees. Failure to successfully comply with Section 404 of the Sarbanes-Oxley Act of 2002 could negatively impact our business. Actual and potential claims, lawsuits and proceedings could ultimately reduce our profitability and liquidity and weaken our financial condition. We carry insurance against many potential liabilities, and our risk management program may leave us exposed to unidentified or unanticipated risks.

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80420--12/10/2008--POWELL_INDUSTRIES_INC