883902--1/11/2007--NCI_BUILDING_SYSTEMS

related topics

{acquisition, growth, future}

{debt, indebtedness, cash}

{stock, price, operating}

{cost, regulation, environmental}

{condition, economic, financial}

{customer, product, revenue}

{competitive, industry, competition}

{personnel, key, retain}

{property, intellectual, protect}

{gas, price, oil}

{financial, litigation, operation}

Our businesses are cyclical, and we cannot predict the timing or severity of future economic or industry downturns. Our businesses are seasonal, and our results of operations during our first two fiscal quarters may be adversely affected by seasonality. Continued price volatility and supply constraints in the steel market could prevent us from meeting delivery schedules to our customers or reduce our profit margins. We rely on a few major suppliers for our supply of steel, which makes us more vulnerable to supply constraints and pricing pressure, as well as the financial condition of those suppliers; further consolidation in the steel industry may adversely affect us. We are subject to preference claims by our former steel suppliers. Failure to retain or replace key personnel could hurt our operations. If we are unable to enforce our intellectual property rights or if our intellectual property rights become obsolete, our competitive position could be adversely affected. We incur costs to comply with environmental laws and have liabilities for environmental cleanups. The industries in which we operate are highly competitive. Our stock price has been and may continue to be volatile. Our acquisition strategy may be unsuccessful if we incorrectly predict operating results or are unable to identify and complete future acquisitions and integrate acquired assets or businesses. Our acquisition strategy subjects us to numerous risks that could adversely affect our results of operations. We may not be able to service our debt. Restrictive covenants in our existing senior credit agreement may adversely affect us.

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883902--1/11/2007--NCI_BUILDING_SYSTEMS_INC