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Management also reports both GAAP and adjusted sales and income amounts and comparisons to reflect what it believes is ongoing and/or comparable operating results excluding currency impacts, the sales benefit from acquisitions and an inventory purchase accounting charge. Management excludes these other items in judging its historical performance and in assessing its expected future performance and believes this non-GAAP information is useful to investors as well.
Cautionary Statement: This release contains forward-looking statements
relating to future performance, goals, strategic actions and initiatives
and similar intentions and beliefs, including the "Highlights", "CEO's
Statement", "Sales Results", "Income Analysis", "Outlook", and "Other
Information-Share Repurchase" sections contained above and other statements
regarding the Company's expectations, goals, beliefs, intentions and the
like regarding future sales, earnings, share repurchases, acquisitions and
other matters. These statements involve assumptions regarding Company
operations, investments and acquisitions and conditions in the markets the
Company serves. Although the Company believes its expectations are based on
reasonable assumptions, such statements are subject to risks and
uncertainties, including, among others, certain economic, political and
technological factors. Actual results could differ materially from those
stated or implied in this news release, due to, but not limited to, such
factors as (1) changes in pricing and the competitive environment, (2)
fluctuations in foreign currency exchange rates, (3) dependence on
uninterrupted manufacturin
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