Ametek (AME)

Risks

• The coronavirus global pandemic could have a material adverse effect on our ability to operate, results of operations, financial condition, liquidity and ability to consummate future acquisitions.
• A downturn in the economy generally or in the markets we serve could adversely affect our business.
• Our growth could suffer if the markets into which we sell our products and services decline, do not grow as anticipated or experience cyclicality.
• We may not properly execute, or realize anticipated cost savings or benefits from, our Operational Excellence initiatives.
• Foreign and domestic economic, political, legal, compliance and business factors could negatively affect our international sales and operations.
• Our international sales and operations may be adversely impacted by compliance with export laws.
• Our reputation, ability to do business and financial statements may be impaired by improper conduct by any of our employees, agents or business partners.
• Any inability to hire, train and retain a sufficient number of skilled officers and other employees could impede our ability to compete successfully.
• If we are unable to develop new products on a timely basis, it could adversely affect our business and prospects.
• Our technology is important to our success and our failure to protect this technology could put us at a competitive disadvantage.
• A disruption in, shortage of, or price increases for, supply of our components and raw materials may adversely impact our operations.
• We are subject to numerous governmental regulations, which may be burdensome or lead to significant costs.
• We operate in highly competitive industries, which may adversely affect our results of operations or ability to expand our business.
• Our business and financial performance could be adversely impacted by a significant disruption in, or breach in security of, our information technology systems.
• Our growth strategy includes strategic acquisitions. We may not be able to consummate future acquisitions or successfully integrate recent and future acquisitions.
• The indemnification provisions of acquisition agreements by which we have acquired companies may not fully protect us and as a result we may face unexpected liabilities.
• Certain environmental risks may cause us to be liable for costs associated with hazardous or toxic substance clean-up which may adversely affect our financial condition.
• We are subject to a variety of litigation and other legal and regulatory proceedings in the course of our business that could adversely affect our financial statements.
• Restrictions contained in our revolving credit facility and other debt agreements may limit our ability to incur additional indebtedness.
• Our goodwill and other intangible assets represent a substantial proportion of our total assets and the impairment of such substantial goodwill and intangible assets could have a negative impact on our financial condition and results of operations.