Forward Looking Statements
This Annual Report on Form 10‑K contains “forward‑looking statements” made within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “intend,” “estimate,” “expect,” “continue,” “should,” “could,” “may,” “plan,” “project,” “predict,” “will” and similar expressions are intended to identify forward ‑ looking statements. In addition, statements covering our future sales or financial performance and our plans, performance and other objectives, expectations or intentions are forward‑looking statements, such as statements regarding our liquidity, debt, planned capital expenditures, and adequacy of capital resources and reserves. Factors that could cause our actual results to differ materially from those expressed or implied in such forward‑looking statements include, but are not limited to:
| ● | Weather conditions, particularly lack of or reduced levels of snowfall and the timing of such snowfall, including as a result of global climate change; |
| ● | Our ability to manage general economic, business and geopolitical conditions, including the impacts of natural disasters, labor strikes, global political instability, adverse developments affecting the banking and financial services industries, pandemics and outbreaks of contagious diseases and other adverse public health developments; |
| ● | Our inability to maintain good relationships with the original equipment manufacturers (“OEM”) with whom we currently do significant business; |
| ● | The inability of our suppliers and OEM partners to meet our volume or quality requirements; |
| ● | Increases in the price of steel or other materials, including as a result of tariffs, necessary for the production of our products that cannot be passed on to our distributors; |
| ● | Increases in the price of fuel or freight; |
| ● | The effects of laws and regulations and their interpretations on our business and financial conditions, including policy or regulatory changes related to climate change; |
| ● | A significant decline in economic conditions; |
| ● | Our inability to maintain good relationships with our distributors; |
| ● | Lack of available or favorable financing options for our end‑users, distributors or customers; |
| ● | Inaccuracies in our estimates of future demand for our products; |
| ● | Our inability to protect or continue to build our intellectual property portfolio; |
| ● | Our inability to develop new products or improve upon existing products in response to end‑user needs; |
| ● | The effects of laws and regulations and their interpretations on our business and financial condition; |
| ● | Losses due to lawsuits arising out of personal injuries associated with our products; |
| ● | Factors that could impact the future declaration and payment of dividends or our ability to execute repurchases under our stock repurchase program; and |
| ● | Our inability to compete effectively against our competition. |
We undertake no obligation to revise the forward‑looking statements included in this Annual Report on Form 10‑K to reflect any future events or circumstances. Our actual results, performance or achievements could differ materially from the results expressed in, or implied by, these forward‑looking statements. Factors in addition to those listed above that could cause or contribute to such differences are discussed in Item 1A, “Risk Factors” of the Annual Report on Form 10‑K.
