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Risks

• The duration of the COVID-19 pandemic remains uncertain and may have a material adverse impact on the demand for our products and services or with our supply chain.
• Catastrophic events could have a material adverse effect on our business, financial condition, results of operations, or cash flows.
• Our business segments operate in highly competitive markets.
• Our operating results may vary significantly from quarter to quarter.
• Our business requires skilled labor, and we may be unable to attract and retain qualified employees.
• Technological innovations by competitors may make existing products and production methods obsolete.
• Our business segments are cyclical and are sensitive to economic downturns.
• Low oil and natural gas prices could depress or reduce demand or pricing for products or services in segments of our Infrastructure Solutions segment and, as a result, adversely affect our business.
• Fluctuations in the price and supply of raw materials and natural gas for our business segments may adversely affect our operations.
• A failure in our operational information systems or cyber security attacks on any of our facilities, or those of third parties, may adversely affect our financial results.
• If we are unable to adequately protect our intellectual property, we may lose some of our competitive advantage.
• Product defects could increase our warranty costs, and could result in product liability claims.
• We may be unsuccessful at implementing and generating internal growth from our Strategic Growth Initiatives.
• The departure of key personnel could disrupt our business.
• Actual and potential claims, lawsuits, and proceedings could ultimately reduce our profitability and liquidity and negatively impact our financial condition.
• Our operations could be adversely impacted by the effects of future changes to the law and government regulations regarding emissions, the global environment and other sustainability matters.
• Regulations related to conflict minerals could adversely impact our business.
• Changes in labor or employment laws, including minimum wage rules or COVID-19 benefits, could increase our costs and may adversely affect our business.
• Climate change could impact our business.
• Changes in environmental laws and regulations and heightened focus on corporate sustainability initiatives and practices are under increased scrutiny by both governmental and non-governmental bodies, which could cause a change in our business practices by increasing capital, compliance, operating and maintenance costs, which could impact our future operating results.
• Our use of over time revenue accounting in the Infrastructure Solutions segment could result in a reduction or elimination of previously reported profits.
• Our volume of fixed-price contracts for our Infrastructure Solutions segment could adversely affect our business.
• The Company’s flexibility to operate its business could be impacted by provisions in its debt obligations.
• We could face significant liabilities for withdrawal from Multiemployer Pension Plans.
• A change in a customer’s creditworthiness could result in significant accounts receivable write-offs.
• If our goodwill or other indefinite-lived intangible assets were to become impaired, our net income and results of operations could be negatively affected.
• Changes in the method pursuant to which the LIBOR rates are determined and potential phasing out of LIBOR after 2021 may adversely affect our results of operations.
• We may increase our debt or raise additional capital in the future, which could affect our financial condition, may decrease our profitability or could dilute our shareholders.
• The market price and trading volume of our common stock may be volatile.