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American Pacific Reports Fiscal 2008 Results; Net Income Increases 80%
Date:12/11/2008

line extensions is very difficult and subject to many uncertainties. If a customer is not able to successfully commercialize its products for which AFC produces compounds or if a product is subsequently recalled, then the operating results of AFC may be negatively impacted. -- A strike or other work stoppage, or the inability to renew collective bargaining agreements on favorable terms, could have a material adverse effect on the cost structure and operational capabilities of AFC. -- The pharmaceutical fine chemicals industry is a capital-intensive industry and if AFC does not have sufficient financial resources to finance the necessary capital expenditures, its business and results of operations may be harmed. -- We may be subject to potential product liability claims that could affect our earnings and financial condition and harm our reputation. -- Technology innovations in the markets that we serve may create alternatives to our products and result in reduced sales. -- We are subject to competition in certain industries where we participate and therefore may not be able to compete successfully. -- Due to the nature of our business, our sales levels may fluctuate causing our quarterly operating results to fluctuate. -- The volatility of the chemical industry affects our capacity utilization and causes fluctuations in our results of operations. -- A loss of key personnel or highly skilled employees could disrupt our operations. -- We may continue to expand our operations through acquisitions, which could divert management's attention and expose us to unanticipated liabilities and costs. We may experience difficulties integrating the acquired operations, and we may incur costs relating to acquisitions that are never consummated. -- We have a substantial amount of debt, and
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