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Benchmark investor presentation dated July 2020.
July 29, 2020| 2
This press release contains forward -looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of
1934. The words "expect," "estimate," "anticipate," "could" "predict" and similar
expressions, and the negatives thereof, often identify forward -looking statements,
which are not limited to historical facts. Forward -looking statements include, among
other things, the estimated financial impact of the COVID -19 pandemic, the outlook
and guidance for second quarter 2020 results, the company’s anticipated plans and
responses to the COVID -19 pandemic, statements (express or implied) concerning
future operating results or margins, the ability to generate sales and income or cash
flow, and expected revenue mix; and Benchmark’s business and growth strategies. Although the company believes these statements are based upon reasonable
assumptions, they involve risks and uncertainties relating to operations, markets and
the business environment generally. These statements also depend on the duration and severity of the COVID -19 pandemic and related risks, including government and
other third -party responses to it and the consequences for the global economy, our
business and the businesses of our suppliers and customers. Events relating to or resulting from the COVID -19 pandemic, including the possibility of customer demand
fluctuations, supply chain constraints, or the ability to utilize our manufacturing facilities at sufficient levels to cover our fixed operating costs, may have resulting impacts on the company’s business, financial condition, results of operations, and the
company’s ability (or inability) to execute on its plans to respond to the COVID -19
pandemic. If one or more of these risks or uncertainties materializes, or underlying
assumptions prove incorrect, actual outcomes may vary materially from those
indicated. Readers are advised to consult further disclosures on these risks and
uncertainties, particularly in Part 1, Item 1A, "Risk Factors" of the company's Annual
Report on Form 10 -K for the year ended December 31, 2019 and in its subsequent
filings with the Securities and Exchange Commission. All forward -looking statements
included in this document are based upon information available to the company as of the date of this document, and it assumes no obligation to update them.This document includes certain financial measures that exclude items and therefore are not in accordance with U.S. generally accepted accounting principles (“GAAP”). A detailed reconciliation between GAAP results and results
excluding special items (“non -GAAP”) is included in the Appendix of this
document. In situations where a non -GAAP reconciliation has not been
provided, the company was unable to provide such a reconciliation without
unreasonable effort due to the uncertainty and inherent difficulty predicting the
occurrence, the financial impact and the periods in which the non -GAAP
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Vontier Corporation