Item 2.02. Results of Operations and Financial Condition
On
The information included or incorporated by reference in this Current Report on Form 8-K under this Item 2.02 is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The information in this Current Report included under this Item 2.02 shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 - Financial Statements and Exhibits
(d) Exhibits
99.1 Press release of the Company announcing results for the period ended
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Forward-Looking Statements
Statements contained in this Current Report on Form 8-K, other than statements of historical fact, other than statements of historical fact, particularly those anticipating future financial performance, business prospects, growth, operating strategies and similar matters, including without limitation, statements concerning the impacts of the COVID-19 pandemic on the Company's business, operations, results of operations, liquidity and financial condition, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the beliefs and assumptions of management based on information available to us at the time such statements are made. These statements, which are generally identifiable by the use of the words "will," "believe," "expect," "intend," "anticipate," "estimate," "forecast," "project," "plan," and similar expressions, are subject to certain risks and uncertainties, are made as of the date hereof, and we undertake no duty or obligation to update them. Because actual results may differ materially from those suggested or implied by such forward-looking statements, you should not place undue reliance on them when deciding whether to buy, sell or hold the Company's securities.
Our outlook is based on certain assumptions, which we believe to be reasonable under the circumstances. These include, without limitation, assumptions regarding both the near-term and long-term impact of the COVID-19 pandemic on the economy and our business, our customers and the end-users of our products, and other changes in the macro environment; changes in the competitive landscape, including ongoing uncertainties in the traditional office products channels; as well as the impact of fluctuations in foreign currency and acquisitions and the other factors described below.
Among the factors that could cause our actual results to differ materially from our forward-looking statements are: the scope and duration of the COVID-19 pandemic, government actions and other third-party responses to it and the consequences for the global economy, as well as the regional and local economies in which we operate, uncertainties regarding when the risks of the pandemic will subside and how geographies, distribution channels and consumer behaviors will evolve over time in response to the pandemic, and its impact on our business, operations, results of operations and financial condition, including, among others, manufacturing, distribution and supply chain disruptions, reduced demand for our products and services, and the financial condition of our suppliers and customers, including their ability to fund their operations and pay their invoices. Additionally, many of the other risk factors affecting us are currently elevated by, and likely will continue to be elevated by, the COVID-19 pandemic.
Other factors that could cause actual results to differ materially from our
forward-looking statements are: a relatively limited number of large customers
account for a significant percentage of our sales; risks associated with shifts
in the channels of distribution for our products; issues that affect customer
and consumer spending decisions during periods of economic uncertainty or
weakness; risks associated with foreign currency fluctuations; challenges
related to the highly competitive business environments in which we operate; our
ability to develop and market innovative products that meet consumer demands;
our ability to grow profitably through acquisitions and expand our product
assortment into new and adjacent categories; our ability to successfully
integrate acquisitions and achieve the financial and other results anticipated
at the time of acquisition, including planned synergies; our ability to
successfully implement our cost reduction and productivity initiatives; risks
associated with the changes to
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returns on pension assets; risks related to actuarial assumptions and changes in
the unfunded liabilities of a multi-employer pension plan; any impairment of our
intangible assets; risks associated with our indebtedness, including our debt
service obligations, limitations imposed by restrictive covenants, our ability
to comply with financial ratios and tests, and the phase out of the London
Interbank Offered Rate; a change in or discontinuance of our stock repurchase
program or the payment of dividends; the bankruptcy or financial instability of
our customers and suppliers; our ability to secure, protect and maintain our
intellectual property rights; product liability claims, recalls or regulatory
actions; our ability to attract and retain key employees; the volatility of our
stock price; risks associated with circumstances outside our control, including
those caused by public health crises, such as the occurrence of contagious
diseases like COVID-19, war, terrorism and other geopolitical incidents; and
other risks and uncertainties described in "Part I, Item 1A. Risk Factors" in
our Annual Report on Form 10-K for the year ended
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