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Unplanned events in the fourth quarter are expected to reduce quarterly financial results by an estimated
'2021 was a year of exceptional value creation for Calumet despite some challenges,' said CEO
Cautionary Statement Regarding Forward-Looking Statements
This press release contains preliminary financial information, which is not a comprehensive statement of our financial or operational results for the period discussed herein, and our actual results are subject to completion of our financial closing procedures, final adjustments, and other developments that may arise. Management's estimates are preliminary and based on information available as of the date of this release. These preliminary results have not been audited or reviewed by our independent registered public accounting firm and may change and those changes may be material.
Certain statements and information in this press release, may constitute 'forward-looking statements.' The words 'may,' 'preliminary,' 'expect,' 'estimate,' 'plan,' 'intend,' 'should,' or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. The statements discussed in this press release that are not purely historical data are forward-looking statements, including, but not limited to, statements regarding results of the fourth quarter 2021, the past and future impact of events occurring during such quarter, the benefits of our liquidity, the impact of the completion of preparation and audit of our results for fiscal year 2021, and future performance and outlook of Calumet and its segments. These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate. Our forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause our actual results to differ materially from our historical experience and our present expectations or projections. For information regarding factors that could cause our actual results to differ from our projected results, please see our filings with the
We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they involve risks, uncertainties, and assumptions that we cannot predict. In addition, we have based many of these forward-looking statements on assumptions that may prove to be inaccurate. While our management considers these assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control. Accordingly, our actual results may differ materially from the performance that we have expressed or forecast in our forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made. We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.
About
Calumet manufactures, formulates, and markets a diversified slate of specialty branded products to customers in various consumer-facing and industrial markets. Calumet is headquartered in
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