Scotts Company (SMG)

actions with various governmental agencies related to environmental matters. While it is difficult to quantify the potential financial impact of actions involving these environmental matters, particularly remediation costs at waste disposal sites and future capital expenditures for environmental control equipment, in the opinion of management, the ultimate liability arising from such environmental matters, taking into account established reserves, should not have a material adverse effect on our financial position, results of operations and cash flows. However, there can be no assurance that the resolution of these matters will not materially affect our future quarterly or annual results of operations, financial condition and cash flows. Additional information on environmental matters affecting us is provided in “ITEM 1. BUSINESS — Regulatory Considerations,” “ITEM 1. BUSINESS — FIFRA Compliance, the Corresponding Governmental Investigation and Related Matters,” “ITEM 1. BUSINESS — Other Regulatory Matters” and “ITEM 3. LEGAL PROCEEDINGS” of this Annual Report on Form 10-K.

 

 

We are subject to local, state, federal and foreign
environmental protection laws and regulations with respect to
our business operations and believe we are operating in
substantial compliance with, or taking actions aimed at ensuring
compliance with, such laws and regulations. Apart from the
proceedings surrounding the FIFRA compliance matters, which are
discussed separately, we are involved in several legal

 

41

actions with various governmental agencies related to
environmental matters. While it is difficult to quantify the
potential financial impact of actions involving these
environmental matters, particularly remediation costs at waste
disposal sites and future capital expenditures for environmental
control equipment, in the opinion of management, the ultimate
liability arising from such environmental matters, taking into
account established reserves, should not have a material adverse
effect on our financial position, results of operations and cash
flows. However, there can be no assurance that the resolution of
these matters will not materially affect our future quarterly or
annual results of operations, financial condition and cash
flows. Additional information on environmental matters affecting
us is provided in “ITEM 1. BUSINESS —
Regulatory Considerations,” “ITEM 1.
BUSINESS — FIFRA Compliance, the Corresponding
Governmental Investigation and Related Matters,”
“ITEM 1. BUSINESS — Other Regulatory
Matters” and “ITEM 3. LEGAL PROCEEDINGS” of
this Annual Report on
Form 10-K.

 

financial position, results of operations and cash flows. However, there can be no assurance that the resolution of these matters will not materially affect our future quarterly or annual results of operations, financial condition and cash flows. Additional information on environmental matters affecting us is provided in “ITEM 1. BUSINESS — Regulatory Considerations,” “ITEM 1. BUSINESS — FIFRA Compliance, the Corresponding Governmental Investigation and Related Matters,” “ITEM 1. BUSINESS — Other Regulatory Matters” and “ITEM 3. LEGAL PROCEEDINGS” of this Annual Report on Form 10-K.

 

 

We are subject to local, state, federal and foreign
environmental protection laws and regulations with respect to
our business operations and believe we are operating in
substantial compliance with, or taking actions aimed at ensuring
compliance with, such laws and regulations. Apart from the
proceedings surrounding the FIFRA compliance matters, which are
discussed separately, we are involved in several legal actions
with various governmental agencies related to environmental
matters. While it is difficult to quantify the potential
financial impact of actions involving these environmental
matters, particularly remediation costs at waste disposal sites
and future capital expenditures for environmental control
equipment, in the opinion of management, the ultimate liability
arising from such environmental matters, taking into account
established reserves, should not have a material adverse effect
on our

 

40

financial position, results of operations and cash flows.
However, there can be no assurance that the resolution of these
matters will not materially affect our future quarterly or
annual results of operations, financial condition and cash
flows. Additional information on environmental matters affecting
us is provided in “ITEM 1. BUSINESS —
Regulatory Considerations,” “ITEM 1.
BUSINESS — FIFRA Compliance, the Corresponding
Governmental Investigation and Related Matters,”
“ITEM 1. BUSINESS — Other Regulatory
Matters” and “ITEM 3. LEGAL PROCEEDINGS” of
this Annual Report on
Form 10-K.