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| UTIW > SEC Filings for UTIW > Form 8-K on 6-Dec-2012 | All Recent SEC Filings |
6-Dec-2012
Results of Operations and Financial Condition, Financial Statements and Exhibit
UTi Worldwide Inc., a British Virgin Islands corporation, which we refer to as UTi or the company, issued a news release dated December 6, 2012, which we refer to as the Earnings News Release, announcing its results for the three and nine months ended October 31, 2012. The Earnings News Release is attached as Exhibit 99.1 to this Current Report on Form 8-K and shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of the Section. The information contained in the Earnings News Release shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended.
(c) Exhibits
99.1 Earnings News Release dated December 6, 2012
Safe Harbor Statement
Certain statements in this news release may be deemed to be 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 company intends that all
such statements be subject to the "safe-harbor" provisions contained in those
sections. Such forward-looking statements may include, but are not limited to,
statements about the continuation of adverse macroeconomic and freight trends
for the foreseeable future, the long-term outlook for the company and the
industry, the company's ability to remove approximately $25 million in
annualized expenses, the status and timing of the company's freight forwarding
operating and finance systems, including its plans to launch in additional
countries by the end of fiscal 2013, the company's focus on achieving its
long-term operating ratio targets within fiscal 2015, and any other statements
not of an historical nature. Many important factors may cause the company's
actual results to differ materially from those discussed in any such
forward-looking statements, including but not limited to: volatility with
respect to global trade; global economic, political and market conditions,
including those in Africa, Asia and EMENA; risks associated with the company's
business transformation initiative; volatile fuel costs; transportation
capacity, pricing dynamics and the ability of the company to secure space on
third party aircraft, ocean vessels and other modes of transportation; changes
in foreign exchange rates; material interruptions in transportation services;
risks of international operations; risks associated with, and the potential for
penalties, fines, costs and expenses the company may incur as a result of the
ongoing publicly announced governmental investigations into the international
air freight and air cargo transportation industry and other related
investigations and lawsuits; risks of adverse legal judgments and other
liabilities not limited by contract or covered by insurance; the financial
condition of the company's customers; disruptions caused by epidemics, natural
disasters, conflicts, wars and terrorism; and the other risks and uncertainties
described in "Risk Factors" and "Forward-looking Statements" in the company's
Annual Report on Form 10-K/A for the fiscal year ended January 31, 2012, any
subsequently filed Quarterly Reports on Form 10-Q and as described in the
company's other filings with the Securities and Exchange Commission. In light of
the significant uncertainties inherent in the forward-looking information
included herein, the inclusion of such information should not be regarded as a
representation by UTi or any other person that UTi's objectives or plans will be
achieved in the timeframe anticipated or at all. Investors are cautioned not to
place undue reliance on the company's forward-looking statements. UTi undertakes
no obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise, except as
required by law.
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