Forward-Looking Statements
This Annual Report on Form 10-K contains “forward-looking statements,” as defined in Section 21E of the Securities Exchange Act of 1934, as amended, that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and reflect our current expectations regarding our future growth, results of operations, cash flows, performance and business prospects, and opportunities, as well as assumptions made by, and information currently available to, our management. We have tried to identify forward-looking statements by using words such as “anticipate,” “believe,” “plan,” “expect,” “intend,” “will,” and similar expressions, but these words are not the exclusive means of identifying forward-looking statements.
For us, particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include:
| ● | our success in winning new contract awards; |
| ● | global economic and geopolitical conditions and related impacts, including spending and demand for our products and global supply chain disruptions and price inflation, will continue to adversely impact our business operations, financial performance, results of operations, financial position, the prices of our securities and the achievement of our strategic objectives; |
| ● | changes in macroeconomic and market conditions and market volatility, including inflation, interest rates, and the impact of such changes and volatility on our customer’s financial position and businesses; |
| ● | the amount and timing of our cash flows and earnings, which may be impacted by customer, supplier, competitive, contractual and other dynamics and conditions; |
| ● | market developments or customer actions that may affect demand and the financial performance of major industries and customers we serve, such as secular, cyclical and competitive pressures in the electric power industry; pricing, the timing of customer investment and other factors in energy markets; and other shifts in the competitive landscape for our products and services; |
| ● | operational execution by our businesses, including our success in improving operational performance; |
| ● | changes in law, regulation or policy that may affect our businesses; |
| ● | our decisions about investments in research and development, and new products, services and platforms, and our ability to launch new products in a cost-effective manner; |
| ● | our ability to increase margins through implementation of operational changes, restructuring and other cost reduction measures; |
| ● | the impact of actual or potential failures of our products or third-party products with which our products are integrated, and related reputational effects; |
| ● | the impact of potential information technology, cybersecurity or data security breaches at our company or third parties; and |
These or other uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements. This document includes certain forward-looking projected financial information that is based on current estimates and forecasts. Actual results could differ materially.
