Oshkosh (OSK)

Risks

• The novel coronavirus (COVID-19) pandemic has disrupted our operations and could have a material adverse effect on our business and financial condition.
• We are dependent upon third-party suppliers, making us vulnerable to supply shortages and price increases.
• Raw material price fluctuations may adversely impact our results.
• Our dependency on contracts with U.S. and foreign government agencies subjects us to a variety of risks that could materially reduce our revenues or profits.
• Our markets are highly cyclical. Declines in these markets could have a material adverse effect on our operating performance.
• The USPS may not purchase quantities from us that we expect.
• Disruptions within our dealer network could adversely affect our business.
• Consolidation within our customer and dealer bases may impact our strategy, pricing and product margins.
• We face significant competition in the markets we serve.
• If we are unable to continue to enhance existing products and develop new products that respond to customer needs and preferences, we may experience a decrease in demand for our products and our business could suffer.
• We are subject to fluctuations in exchange rates associated with our non-U.S. operations that could adversely affect our results of operations and may significantly affect the comparability of our results between financial periods.
• Our objective is to expand international operations and sales.
• We may not be able to execute on our business strategy.
• We may not realize all of the anticipated benefits of our acquisitions.
• We are subject to changes in contract estimates.
• We may experience losses in excess of our recorded reserves for doubtful accounts, finance receivables, notes receivable and guarantees of indebtedness of others.
• An impairment in the carrying value of goodwill and other indefinite-lived intangible assets could negatively affect our operating results.
• Financing costs and restrictive covenants in our current debt facilities could limit our flexibility in managing our business and increase our vulnerability to general adverse economic and industry conditions.
• Additional liabilities relating to changes in tax rates or exposure to additional income tax liabilities could adversely impact our financial condition and cash flow.
• Increased cybersecurity threats and more sophisticated computer crime pose a risk to our systems, networks, products and services.
• Our international sales and operations subject us to risks that may have a material adverse effect on our business.
• We may be required to make material expenditures to comply with environmental laws and climate change regulations, or incur additional liabilities under these laws and regulations.