819793--2/29/2008--ALBANY_INTERNATIONAL_CORP

related topics

{cost, contract, operation}

{product, market, service}

{capital, credit, financial}

{operation, international, foreign}

{customer, product, revenue}

{condition, economic, financial}

{financial, litigation, operation}

{acquisition, growth, future}

{personnel, key, retain}

{loss, insurance, financial}

{debt, indebtedness, cash}

{system, service, information}

{tax, income, asset}

{cost, regulation, environmental}

Risks relating to the Company s business and industry There are a number of factors inhibiting growth in the industry in which the Company s Paper Machine Clothing segment competes Competitive pricing in the PMC industry has and could continue to have an adverse effect on the Company s net sales and operating income Failure to remain competitive in the industry in which the Company s Paper Machine Clothing segment does business could adversely affect the Company s business, financial condition, and results of operations One of the Company s competitors in the Paper Machine Clothing segment has the capability to make and sell paper machines and papermaking equipment as well as other engineered fabrics The loss of a few major customers could have a material adverse effect on the Company s business, financial condition, and results of operations The Company s current and future capital expenditures and other expenses may not provide the benefit of return on investment In addition to the general risks that the Company already faces outside the U.S., the Company is conducting a greater part of its manufacturing operations in emerging markets in the future, which could involve many uncertainties for the Company A fundamental change in the papermaking process could reduce demand for paper machine clothing Conditions in the paper industry have required and could further require, the Company to reorganize its operations, which could result in significant expense and could pose risks to the Company s operations The Company may incur substantially more debt, which could restrict the Company s ability to pay dividends or make other distributions, among other restrictions There can be no assurance that the growth in sales in the Applied Technologies segment will be continued The Company may not be able to successfully integrate acquisitions into the Company s operations and/or the expected benefits of such acquisitions may not be realized Failure to retain and recruit qualified technical personnel may hinder the Company s growth Sales in the Company s Albany Door Systems segment depend on capital expenditures of its customers, which may cause the segment to be more vulnerable to economic downturns The Company may experience supply constraints due to the Company s reliance on a limited number of suppliers The Company is exposed to the risk of increased costs because of higher petroleum and energy prices The Company must successfully maintain and/or upgrade its information technology systems Fluctuations in currency exchange rates could adversely affect the Company s business, financial condition, and results of operations The Company has been named as defendant in suits relating to the actual or alleged exposure to asbestos-containing products Economic conditions affecting the Company or its customers could adversely affect the Company s net income and cash flows A substantial portion of the Company s assets includes goodwill, and impairment in the value of the Company s goodwill could adversely affect the Company s assets and net income Changes in assumptions used to estimate the Company s pension and postretirement benefit costs and liabilities could adversely affect the Company s liabilities and net income The Company s insurance coverage may be inadequate to cover other significant risk exposures.

Full 10-K form ▸

819793--2/29/2008--ALBANY_INTERNATIONAL_CORP_/DE/