Alamo (ALG)

Risks

• Deterioration of industry conditions could harm our business, results of operations and financial condition.
• A downturn in general economic conditions and outlook in the United States and around the world could adversely affect our net sales and earnings.
• Significant changes in trade policy and related trade wars could have a material adverse impact on our results of operations.
• We depend on governmental sales, and a decrease in such sales could adversely affect our business, results of operations and financial condition.
• Our dependence on, and the price and availability of, raw materials as well as purchased components may adversely affect our business, results of operations and financial condition.
• Impairment in the carrying value of goodwill could negatively impact our consolidated results of operations and net worth.
• We are significantly dependent on information technology and our business may suffer from disruptions associated with information technology, cyber-attacks or other catastrophic losses affecting our IT infrastructure.
• Changes in the regulatory environment regarding privacy and data protection regulations could have a material adverse impact on our results of operations.
• We operate in a highly competitive industry, and some of our competitors and potential competitors have greater resources than we do.
• We operate and source internationally, which exposes us to the political, economic and other risks of doing business abroad.
• Our acquisition strategy may not be successful, which may adversely affect our business, results of operations and financial condition.
• We may not be able to realize the potential or strategic benefits of the acquisitions we complete, and the businesses we have acquired, or may acquire in the future, may not perform as expected.
• Skilled labor shortages or our ability to retain qualified employees could adversely affect our operations.
• Increasingly stringent engine emission regulations could impact our ability to sell certain of our products into the market and appropriately price certain of our products, which could negatively affect our competitive position and financial results.
• We are subject to environmental, health and safety and employment laws and regulations and related compliance expenditures and liabilities.
• We are subject on an ongoing basis to the risk of product liability claims and other litigation arising in the ordinary course of business.
• If we are unable to comply with the terms of our credit arrangements, especially the financial covenants, our credit arrangements could be terminated.
• Fluctuations in currency exchange rates may adversely affect our financial results.
• Changes concerning the availability of the London Interbank Offered Rate ("LIBOR") may have a negative impact on our business.
• Because the price of our common stock may fluctuate significantly, it may be difficult for you to resell our common stock when desired or at attractive prices.
• You may experience dilution of your ownership interests due to the future issuance of additional shares of our common stock.
• There is no assurance that we will continue declaring dividends or have the available cash to make dividend payments.
• Provisions of our corporate documents may have anti-takeover effects that could prevent a change in control.
• Future sales, or the possibility of future sales, of a substantial amount of our common stock may depress the price of the shares of our common stock.