Rayovac 2005 Annual Report Download - page 61

Download and view the complete annual report

Please find page 61 of the 2005 Rayovac annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 134

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134

Forward-Looking Statements
We have made or implied certain forward-looking
statements in this Annual Report on Form 10-K. All
statements, other than statements of historical
facts included in this Annual Report, including the
statements under “Management’s Discussion and
Analysis of Financial Condition and Results of Opera-
tions” regarding our business strategy, future opera-
tions, fi nancial position, estimated revenues, pro-
jected costs, projected synergies, prospects, plans
and objectives of management, as well as informa-
tion concerning expected actions of third parties, are
forward-looking statements. When used in this
Annual Report, the words “anticipate,” “intend,”
“plan,” “estimate,” “believe,” “expect,” “project,”
“could,” “will,” “should,” “may” and similar expres-
sions are also intended to identify forward-looking
statements, although not all forward-looking state-
ments contain such identifying words.
Since these forward-looking statements are
based upon current expectations of future events
and projections and are subject to a number of risks
and uncertainties, many of which are beyond our
control, actual results or outcomes may differ mate-
rially from those expressed or implied herein, and
you should not place undue reliance on these state-
ments. Important factors that could cause our actual
results to differ materially from those expressed or
implied herein include, without limitation:
• competitive promotional activity or spending by
competitors or price reductions by competitors;
• the loss of, or a signifi cant reduction in, sales
to a signifi cant retail customer;
• diffi culties or delays in the integration of opera-
tions of acquired businesses and our ability to
achieve anticipated synergies and effi ciencies
with respect to those acquisitions;
• the introduction of new product features or
technological developments by competitors
and/or the development of new competitors or
competitive brands;
• the effects of general economic conditions,
including infl ation, labor costs and stock market
volatility or changes in trade, monetary or fi scal
policies in the countries where we do business;
• our ability to develop and successfully intro-
duce new products, protect our intellectual
property and avoid infringing the intellectual
property of third parties;
• our ability to successfully implement, achieve
and sustain manufacturing and distribution cost
effi ciencies and improvements, and fully realize
anticipated cost savings;
• the impact of unusual items resulting from
the implementation of new business strategies,
acquisitions and divestitures or current and
proposed restructuring activities;
• the cost and effect of unanticipated legal, tax
or regulatory proceedings or new laws or regu-
lations (including environmental, public health
and consumer protection regulations);
• public perception regarding the safety of our
products, including the potential for environ-
mental liabilities, product liability claims,
litigation and other claims;
• changes in accounting policies applicable to
our business;
• interest rate, exchange rate and raw materials
price fl uctuations;
• government regulations;
• the seasonal nature of sales of our products;
• weather conditions, primarily during the peak
lawn and garden season; and
• the effects of political or economic conditions,
terrorist attacks, acts of war or other unrest in
international markets.
Some of the above-mentioned factors are
described in further detail in the immediately follow-
ing section entitled “Risk Factors.” You should
assume the information appearing in this Annual
Report on Form 10-K is accurate only as of
September 30, 2005 or as otherwise specifi ed, as
our business, fi nancial condition, results of opera-
tions and prospects may have changed since that
date. Except as required by applicable law, including
the securities laws of the United States and the
rules and regulations of the SEC, we undertake no
obligation to publicly update or revise any forward-
looking statement, whether as a result of new
information, future events or otherwise to refl ect
actual results or changes in factors or assumptions
affecting such forward-looking statement.
2005 Form 10-K Annual Report
Spectrum Brands, Inc.
2005 ANNUAL REPORT 41