**Forward-Looking Statements.**This report contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to expectations, estimates, beliefs, assumptions and predictions of future events and are identified by words such as “aim,” “anticipates,” “believes,” “can,” “could,” “designed,” “estimates,” “expects,” “focus,” “goal,” “intends,” “may,” “plan,” “outlook,” “opportunity,” “potential,” “seek,” “should,” “strategy,” “strive,” “target,” “will,” “would,” and other similar words. Forward-looking statements are not statements of historical fact and thus are subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical results or those expressed in such forward-looking statements. You should evaluate forward-looking statements in light of important risk factors and uncertainties that may affect our operating and financial results and our ability to achieve our financial objectives.
These factors include, but are not limited to:
| ● | general economic conditions applicable to our business, including impacts from the ongoing inflationary environment, |
| ● | the highly competitive nature of the industries in which we compete, |
| ● | the significant competition we face in our Distribution segment, |
| ● | the concentration of Service segment customers in the life science and other FDA-regulated businesses, as well as the industrial manufacturing, aerospace, defense, energy and utilities industries, |
| ● | any impairment of our goodwill or intangible assets, |
| ● | tariffs and changing trade relations, regional and international conflicts and political conditions, |
| ● | negative publicity and other reputational harm, |
| ● | our ability to successfully complete and integrate business acquisitions, |
| ● | potential unexpected liabilities associated with companies we acquire, |
| ● | cybersecurity risks, including the risk of significant disruptions in our information technology systems, |
| ● | our ability to recruit, train and retain quality employees, skilled technicians and senior management, |
| ● | our ability to achieve or maintain adequate utilization and pricing rates for our technical service providers, |
| ● | the prices we are able to charge for our services in our Service segment, |
| ● | our ability to adapt our technology, |
| ● | reliance on our enterprise resource planning system, |
| ● | supply chain delays, disruptions or product shortages, |
| ● | the risks related to current and future indebtedness, |
| ● | foreign currency rate fluctuations, |
| ● | risks related to protecting our intellectual property, |
| ● | the impact of adverse weather events or other catastrophes, natural disasters or widespread public health crises, pandemics or other epidemics, |
| ● | fluctuations in our operating results, |
| ● | the volatility of our stock price and the relatively low trading volume of our common stock, |
| ● | our ability to remediate internal control deficiencies and maintain an effective system of internal control over financial reporting and our ability to produce timely and accurate financial statements, |
| ● | changes in tax rates, accounting standards, legal requirements and listing standards, and |
| ● | legal and regulatory risks related to our international operations. |
These risk factors and uncertainties are more fully described by us under the heading “Risk Factors” in Item IA. of Part I of this report. You should not place undue reliance on our forward-looking statements, which speak only as of the date they are made. Except as required by law, we undertake no obligation to update, correct or publicly announce any revisions to any of the forward-looking statements contained in this report, whether as a result of new information, future events or otherwise.
