What Changed
Risk factors · Sep 27, 2024 → Sep 26, 202512 added · 7 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.
Newly disclosed
- Any new, substantial tariff increases on imports to the United States from Mexico, China and the European Union (EU), should they be implemented and sustained for an extended period of time, could have a material adverse effect on our business and our supply chain.
- Regulatory litigation or actions that could impose significant penalties may be brought against us in the event of a breach of data or alleged non-compliance with such laws and regulations.
- Steps taken by governments to consider applying additional or new tariffs have the potential to disrupt existing supply chains, impose additional costs on our business, and could lead to other countries attempting to retaliate by imposing tariffs, which would make our products more expensive for customers, and, in turn, could make our products less competitive.
- Certain unexpected events could adversely impact our business, results of operations, financial condition and cash flows. 11 Operational Risks Supply Chain - unavailable raw materials, significant demand fluctuations and material cost changes could have an impa ct on our sales and cost of sales.
- In addition, we may not be able to maintain our insurance at a reasonable cost or in sufficient amounts to protect us against any losses. 14 Financial Risks Currency - an unfavorable fluctuation in foreign currency exchange rates could impact our results of operations.
- Changes in international trade policy could result in an adverse effect on our results of operations, financial condition and cash flows due to the international footprint of our Company.
- Information technology security threats are increasing in frequency and sophistication; to date, none of the threats faced by the Company have been material.
- Tariffs - costs associated with complying with potential new or incremental tariffs could negatively affect our business and results of operations.
- Personnel - our success has been and could in the future be affected, if we are not able to attract, engage, train and retain qualified personnel.
- Liquidity - changes in the capital and credit markets may negatively affect our ability to access financing to support strategic initiatives.
- Any additional tariffs in the United States or retaliatory tariffs imposed by other governments could exacerbate the impact.
- Customer Concentration and Retention - a number of our customers operate in similar cyclical industries.
No longer disclosed
- Regulatory litigation or actions that could impose significant penalties may be brought against us in the event of a breach of data or alleged non-compliance with such laws and regulations. 12 Information technology security threats are increasing in frequency and sophistication; to date, none of the threats faced by the Company have been material.
- Operational Risks Supply Chain - unavailable raw materials, significant demand fluctuations and material cost changes could have an impa ct on our sales and cost of sales.
- In addition, we may not be able to maintain our insurance at a reasonable cost or in sufficient amounts to protect us against any losses.
- Financial Risks Currency - an unfavorable fluctuation in foreign currency exchange rates could impact our results of operations.
- Certain unexpected events could adversely impact our business, results of operations, financial condition and cash flows.
- Cybersecurity Risks Cybersecurity Risks - vulnerability of our information technology systems and security.
- Competition - we participate in highly competitive markets with pricing pressure.