For American Railcar Industries, Inc. Investors:
Forward-looking statements in archived files are made pursuant to the provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in these files may include forward-looking statements, including, without limitation, statements relating to expected financial performance and/or future business prospects, events and plans. These statements are based on estimates and assumptions that are subject to risks and uncertainties, which could cause actual outcomes and results to differ materially from those described in or anticipated by the Company's statements. Factors that could cause actual results to materially differ include, without limitation, adverse economic and market conditions; the Company's reliance upon a small number of customers that represent a large percentage of the Company's revenues and backlog; the health of and prospects for the overall railcar industry; the cyclical nature of the Company's business; the highly competitive nature of the Company's industry; the conversion of the Company's backlog into revenues; anticipated trends relating to our shipments, leasing, railcar services, revenues, financial condition or results of operations; our ability to manage overhead and variations in production rates; fluctuations in the costs of raw materials, including steel and railcar components, and delays in the delivery of such raw materials and components; fluctuations in the supply of components and raw materials the Company uses in railcar manufacturing; the risk of being unable to market or remarket railcars for sale or lease at favorable prices, on favorable terms, or at all; the ongoing benefits and risks related to our relationship with Mr. Carl C. Icahn, the chairman of our board of directors, and through Icahn Enterprises L.P., our principal beneficial stockholder, and certain of his affiliates; anticipated production schedules for our products and the anticipated financing needs, construction, and production schedules of our joint ventures; the risks, impact and anticipated benefits associated with potential joint ventures, acquisitions or new business endeavors; the risks associated with international operations and joint ventures; the implementation, integration with other systems or ongoing management of our new enterprise resource planning system; the risk of lack of acceptance of new railcar offerings by our customers and the risk of production costs for our new railcar offerings being significantly higher than expected; the sufficiency of our liquidity and capital resources; compliance with covenants contained in our financing arrangements; and the impact and costs and expenses of any litigation we may be subject to now or in the future. Other factors that could adversely affect the Company's business and prospects are described in the Company's filings with the Securities and Exchange Commission. The Company cautions you not to place undue reliance upon any such forward-looking statements, which speak only as of the date they were first made. Except as otherwise required by law, the Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based.
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