Toro 2011 Annual Report Download - page 25

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other products that we sell, could impact us positively or nega-
•
natural or man-made disasters or global pandemics, which may
tively, depending on whether we manufacture products that meet result in shortages of raw materials and components, higher fuel
the specified legislative criteria, including in areas such as fuel and commodity costs, and increase in insurance premiums;
efficiency, alternative energy or water usage, or if, as a result of
•
financial viability of distributors and dealers, changes in distribu-
such legislation, customers perceive our product offerings to be tor ownership, changes in channel distribution of our products,
relatively more or less attractive than our competitors’ product relationships with our distribution channel partners, our success
offerings. We cannot currently predict whether any such legislation in partnering with new dealers, and our customers’ ability to pay
will be enacted, what any such legislation’s specific terms and con- amounts owed to us;
ditions would encompass, how any such legislation would impact
•
a decline in retail sales or financial difficulties of our distributors
the competitive landscape within our markets, or how, if at all, any or dealers, which could cause us to repurchase financed prod-
such legislation might ultimately affect customer demand for our uct; and
products or our operating results.
•
continued threat of terrorist acts and war, which may result in
heightened security and higher costs for import and export ship-
Our business is subject to a number of other ments of components or finished goods, reduced leisure travel,
miscellaneous risks that may adversely affect our and contraction of the U.S. and worldwide economies.
operating results, financial condition, or business.
ITEM 1B.UNRESOLVED STAFF COMMENTS
Other miscellaneous risks that could affect our business include:
•
our ability to achieve the revenue growth, operating earnings, None.
and employee engagement goals of our new, multi-year
employee initiative called ‘‘Destination 2014’’;
19