Goodman Global (NYSE:GGL)
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Goodman Global, Inc. (NYSE:GGL) today announced that it is in the
process of reviewing potential strategies to enhance shareholder value.
Goodman has engaged Goldman, Sachs & Co. and J.P. Morgan Securities Inc.
to assist the Company’s management and Board
of Directors in identifying and evaluating various options.
Charles Carroll, President and Chief Executive Officer stated, “The
management and Board of Directors continually evaluate our business and
operations to identify and develop opportunities for maximizing value
for all shareholders.”
No assurance can be given that this review will lead to any specific
action or transaction. Goodman does not intend to make any further
information available regarding the progress of this strategic
initiative except in accordance with applicable securities laws.
Safe Harbor for Forward-Looking and Cautionary Statements
Certain statements in this press release are “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. These statements involve a number of risks, uncertainties
and other factors that could cause actual results, performance or
achievements of Goodman to be materially different from any future
results, performance or achievements expressed or implied by these
forward-looking statements.
The words “believe,” “expect,”
“anticipate,” “intend,”
“estimate,” and
other expressions that are predictions of or indicate future events and
trends and that do not relate to historical matters identify
forward-looking statements. Forward looking statements also include
statements about the following subjects: changes in weather patterns and
seasonal fluctuations; changes in customer demand due to federally
mandated minimum efficiency standards; the maturation of Goodman’s
new company-operated distribution centers; increased competition and
technological changes and advances; increases in the cost of raw
materials and components; Goodman’s relations
with its independent distributors; and damage or injury caused by Goodman’s
products. Goodman undertakes no obligation to publicly update or revise
any forward-looking statement, whether as a result of new information,
future events, changed circumstances or otherwise. These forward-looking
statements are subject to numerous risks and uncertainties, including,
but not limited to, the impact of general economic conditions in the
regions in which Goodman does business; general industry conditions,
including competition and product, raw material and energy prices; the
realization of expected tax benefits; changes in exchange rates and
currency values; capital expenditure requirements; access to capital
markets and the risks and uncertainties described under “Risk
Factors” contained in Goodman’s
Annual Report on Form 10-K filed with the Securities and Exchange
Commission.
About Goodman
Houston-based Goodman Global, Inc. is the second-largest domestic unit
manufacturer of heating, ventilation and air conditioning products for
residential and light commercial use. Goodman's products are
predominantly marketed under the Goodman®,
Amana® and Quietflex®
brand names, and are sold through company-operated and independent
distribution networks with approximately 800 distribution points
throughout North America. For more information about Goodman, visit www.goodmanglobal.com.
Amana® is a
trademark of Maytag Corporation and is used under license to Goodman
Company, L.P. All rights reserved.