CAUTIONARY STATEMENTS Under the Private Securities Litigation Reform Act of 1995
Statements in this press release that are not historical, including but not limited to those regarding the Company’s ability to: (i) achieve full year 2013 diluted EPS of $5.40-5.65, excluding M&A charges and GAAP EPS of $4.62 - $4.87; (ii) deliver first quarter EPS of approximately 17.5% of full year EPS (iii) generate approximately $1.0 billion in free cash flow for 2013, excluding charges and payments; (iv) generate 16% of revenues in 2013 and 70% of the tool and security industry sales growth over the next 20 years in emerging markets; (v) deliver growth and operating margin rates in emerging markets well above line average for the foreseeable future (vi) deliver an incremental and ongoing $200 million of operating profit by 2015; and (vii) achieve its mid-decade vision of being a $15 billion diversified industrial company with operating margins greater than 15%, ROCE of 15%, 10 working capital turns and greater than 20% of revenues generated from emerging markets (collectively, the “Results”); are “forward looking statements” and subject to risk and uncertainty.
The Company’s ability to deliver the Results as described above is based on current expectations and involves inherent risks and uncertainties, including factors listed below and other factors that could delay, divert, or change any of them, and could cause actual outcomes and results to differ materially from current expectations. In addition to the risks, uncertainties and other factors discussed in this press release, the risks, uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied in the forward looking statements include, without limitation, those set forth under Item 1A Risk Factors of the Company’s Annual Report on Form 10-K and any material changes thereto set forth in any subsequent Quarterly Reports on Form 10-Q, or those contained in the Company’s other filings with the Securities and Exchange Commission, and those set forth below.
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