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Cautionary Statements Regarding Forward-Looking Information
This communication contains certain statements relating to future events and our intentions, beliefs, expectations and predictions for the future which
are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Words or phrases such as “will likely
result,” “are expected to,” “will continue,” “is anticipated,” “we believe,” “we expect,” “estimate,” “project,” “may,” “will,” “intend,” “plan,” “believe,”
“target,” “forecast,” “guidance” (including the negative or variations thereof) or similar terminology used in connection with any discussion of future
plans, actions or events generally identify forward-looking statements. These forward-looking statements include, but are not limited to, effects of the
COVID-19 pandemic, amount, funding and timing of cash expenditures, future sales, future cash flows, access to capital, financial covenant coverage,
variable costs, bad debt experience and commercial actions in response to the pandemic. These statements are based on the current expectations of
management of the company. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-
looking statements included in this communication. We caution that undue reliance should not be placed on such forward-looking statements, which
speak only as of the date made.
Additional risks and uncertainties that could cause results to differ materially from those expressed in any forward-looking statements are set forth
under Item 1A of our most recent Form 10-K, and our other public filings with the Securities and Exchange Commission (the "SEC"), and include
effects of the coronavirus (COVID-19) pandemic; the vitality of the markets we serve, including the impact of oil price fluctuations on the markets
served by our Global Energy segment; the impact of economic factors such as the worldwide economy, capital flows, interest rates, foreign currency
risk and reduced sales and earnings in our international operations resulting from the weakening of local currencies versus the U.S. dollar; our ability
to execute key business initiatives, including restructurings and our Enterprise Resource Planning system upgrades; potential information technology
infrastructure failures or breaches in data security; our ability to achieve the intended benefits of our plan to separate our Upstream Energy business
and combine it with Apergy Corporation; our ability to attract, retain and develop high caliber management talent to lead our business; our ability to
successfully compete with respect to value, innovation and customer support; exposure to global economic, political and legal risks related to our
international operations; difficulty in procuring raw materials or fluctuations in raw material costs; pressure on operations from consolidation of
customers or vendors; the costs and effects of complying with laws and regulations, including those relating to the environment, to the manufacture,
storage, distribution, sale and use of our products and to labor and employment, as well as to the conduct of our business generally; the occurrence of
litigation or claims, including the pending lawsuits against certain of our subsidiaries related to the Deepwater Horizon oil spill or class action lawsuits;
restraints on pricing flexibility due to contractual obligations; our ability to acquire complementary businesses and to effectively integrate such
businesses; changes in tax laws and unanticipated tax liabilities; potential loss of deferred tax assets; our indebtedness, and any failure to comply with
the covenants that apply to our indebtedness; public health outbreaks, epidemics or pandemics, such as the current outbreak of COVID-19; potential
losses arising from the impairment of goodwill or other assets; potential chemical spill or release; the loss or insolvency of a major customer or
distributor; repeated or prolonged government and/or business shutdowns or similar events; acts of war or terrorism; natural or manmade disasters;
water shortages; severe weather conditions; and other uncertainties or risks reported from time to time in our reports to the SEC.
Ecolab does not undertake, and expressly disclaims, any duty to update any forward-looking statement whether as a result of new information, future
events or changes in expectations, except as required by law.
Cautionary Statement |
