Forward looking statements
This presentation relates to the Company’s 2025 Investor Day at which the Company is discussing the Company’s strategy, finan cial targets and capital allocation priorities, its plans for growth in revenues, margin expansion and advancements in technology, and its investment thesis (its “2028 Targets”). The Company intends that all statements in this presentation concerning the 2028 Targets, including without limitation the Company’s financial targets for 2028; its plans to evolve its product portfolio; growth trends and drivers; it s strategic and capital allocation priorities; its plans, objectives and expectations; future financial and other results it seeks to attain; its competitive advantages; the new product introductions it contemplates and anticipated revenues from new products; financial pillars; takeaways and messages; its cost reduction plans; its capacity expansion plans; its expectations concerning free cash flow; its resilience; its investment strategy; its M&A strategy; and its views of market opportunities and benefits and other matters resulting from the 2028 Targets, are statements that the Company believes to be “forward - looking statements” withi n the meaning of the Private Securities Litigation Reform Act of 1995. Without limitation, when used in this presentation, words such as “may,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” “should,” “project,” “confident,” “executing,” “building,” “improving,” “advancing,” “expanding,” “trends,” “positioned,” or “plan” or the negative thereof or variations thereon or similar terminol ogy are generally intended to identify forward-looking statements. Similarly, references in the strategy circle that appears in this presentation to diversified growth, healthy margins and disciplined capital allocation are intended to be forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond the Company’s control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the cyclical natu re of the Company’s access equipment, fire apparatus, refuse and recycling collection and air transportation equipment markets, which are particularly impacted by the strength of U.S. and European econom ies and construction seasons; the Company’s estimates of access equipment demand which, among other factors, is influenced by historical customer buying patterns and rental company fleet replacement strategies; the impact of orders and costs on the U.S. Postal Service contract; risks that a trade war and related tariffs could reduce the demand for or competitiveness of the Company’s products or cause ine fficiencies in the Company's supply chain; the Company’s ability to increase prices to raise margins or to offset higher input costs; the Company's ability to accurately predict future input costs associat ed with Defense contracts; the Company’s ability to attract and retain production labor in a timely manner; the Company's ability to realize the anticipated benefits associated with the AeroTech acquisition; the strength of the U.S. dollar and its impact on Company exports, translation of foreign sales and the cost of purchased materials; the impact of severe weather, war, natural disasters or pandemics that may af fect the Company, its suppliers or its customers; the Company’s ability to predict the level and timing of orders for indefinite delivery/indefinite quantity contracts with the U.S. federal government; budget uncertainty for the U.S. federal government, including risks of future budget cuts, the impact of continuing resolution funding mechanisms and the potential for shutdowns; the impact of any U.S. Department of Defense solicitation for competition for future contracts to produce military vehicles; risks related to the collectability of receivables, particularly for those businesses with exposure to constr uction markets; the cost of any warranty campaigns related to the Company’s products; risks associated with international operations and sales, including compliance with the Foreign Corrupt Practices Act; the Company’s ability to comply with complex laws and regulations applicable to U.S. government contractors; cybersecurity risks and costs of defending against, mitigating and responding to data security thre ats and breaches impacting the Company; the Company’s ability to successfully identify, complete and integrate other acquisitions and to realize the anticipated benefits associated with the same; and risks related to the Company’s ability to successfully execute on its strategic road map and meet its long- term financial goals. Additional information concerning these and other factors is contained in the Company’s filings with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this presentation. The Company assumes no obligation, and disclaims any obligation, to update information contained in this presentation to reflect subsequent events or circumstances. In particular: The statements in this presentation relate to the Company’s goals, targets and objectives re garding the 2028 Targets and potential results from the 2028 Targets. While many statements use language that might imply a level of certainty about the likelihood that the Company will attain these goals, targets and objectives, it is possible that the Company will not attain them in the timeframe noted or at all. By their nature, the risk and uncertainty associated with these goals, targets and objectives are greater than that associated with near-term guidance and should not be construed as guidance. Therefore, investors should construe these statements regarding the 2028 Targets only as goals, targets and objectives rather than promises of future performance or absolute statements.
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