The Company's North American and European manufacturing operations are open and producing as a result of the essential nature of the end markets it serves.
'Safety is our highest priority. As such, we are committed to ensuring a safe work environment for our employees, as well as their safety once they return home to their family,' said
'We entered this new environment in a strong financial position. The changes we made to our capital structure in the past two years, such as the
About
Forward-Looking Statements
This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation and 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (collectively, 'forward-looking statements'), which are made in reliance upon the protections provided by such legislation for forward-looking statements. All statements other than statements of historical facts included in this press release, including statements regarding: IPG's expectation that food & beverage and e-commerce will hold up well as IPG moves into the second quarter, IPG's monitoring of other end markets that could be more susceptible to softness, the lack of significant weakness, IPG's financial outlook, the continuation of IPG's North American manufacturing operations, the re-opening of IPG's Indian facilities, and IPG's positioning to come through this pandemic, may constitute forward-looking statements. These forward-looking statements are based on current beliefs, assumptions, expectations, estimates, forecasts and projections made by IPG's management. Words such as 'may,' 'will,' 'should,' 'expect,' 'continue,' 'intend,' 'estimate,' 'anticipate,' 'plan,' 'foresee,' 'believe' or 'seek' or the negatives of these terms or variations of them or similar terminology are intended to identify such forward-looking statements. Although IPG believes that the expectations reflected in these forward-looking statements are reasonable, these statements, by their nature, involve risks and uncertainties and are not guarantees of future performance. Such statements are also subject to assumptions concerning, among other things: business conditions and growth or declines in IPG's industry, IPG's customers'industries and the general economy including as a result of the impact of COVID-19; the anticipated benefits from IPG's manufacturing facility closures, manufacturing rationalization initiatives, greenfield developments, and other restructuring efforts; the anticipated benefits from IPG's manufacturing facility capacity expansions; the impact of fluctuations in raw material prices and freight costs; the impacts of new accounting standards, including the impact of new accounting guidance for leases; the anticipated benefits from IPG's acquisitions and partnerships; the anticipated benefits from IPG's capital expenditures; the quality and market reception of IPG's products; IPG's anticipated business strategies; risks and costs inherent in litigation; legal and regulatory developments, including as related to COVID-19; IPG's ability to maintain and improve quality and customer service; anticipated trends in IPG's business; the expected strategic and financial benefits from IPG's ongoing capital investment and mergers and acquisitions programs; anticipated cash flows from IPG's operations; availability of funds under IPG's 2018 Credit Facility; IPG's flexibility to allocate capital as a result of the Senior Unsecured Notes offering and IPG's ability to continue to control costs. IPG can give no assurance that these estimates and expectations will prove to have been correct. Actual outcomes and results may, and often do, differ from what is expressed, implied or projected in such forward-looking statements, and such differences may be material. Readers are cautioned not to place undue reliance on any forward-looking statement. For additional information regarding important factors that could cause actual results to differ materially from those expressed in these forward-looking statements and other risks and uncertainties, and the assumptions underlying the forward-looking statements, you are encouraged to read 'Item 3 Key Information - Risk Factors', 'Item 5 Operating and Financial Review and Prospects (Management's Discussion & Analysis)' and statements located elsewhere in IPG's annual report on Form 20-F for the year ended
Contact:
Tel: (416) 526-1563
(C) 2020 Electronic News Publishing, source