AAON (AAON) risk factors, FY2025 10-K

Risks Related to Our Business

1. 01Our business, results of operations and financial condition may be disrupted and adversely affected by public health pandemics
2. 02Our business, results of operations and financial condition may be adversely affected if a public health pandemic interferes with the ability of our employees, suppliers, and other business partners to perform their respective responsibilities and obligations relative to the operations of our business
3. 03Our business can be hurt by economic conditions
4. 04Our results of operations and financial condition could be negatively impacted by the loss of one or more major customers
5. 05We may not realize all of the sales expected from our backlog of orders and contractsNew
6. 06Our results of operations and financial condition could be negatively impacted by the loss of a major third-party representative
7. 07We may incur material costs as a result of warranty and product liability claims that would negatively affect our profitability
8. 08We depend on our officers and senior leadership team and the loss of one or more key employees or an inability to attract and retain highly skilled employees could adversely affect our business
9. 09Operations may be affected by natural disasters, especially since most of our operations are performed at a single location
10. 10If we are unable to hire, develop or retain employees, it could have an adverse effect on our business
11. 11Variability in self-insurance liability estimates could impact our results of operations

Risks Related to Our Brand and Product Offerings

1. 12We may not be able to compete favorably in the highly competitive HVAC business
2. 13We may not be able to successfully develop and market new products65% rewritten

Risks Related to Material Sourcing and Supply

1. 14We may be adversely affected by problems in the availability, or increases in the prices, of raw materials and components
2. 15We risk having losses resulting from the use of non-cancellable contracts

Risks Related to Electronic Data Processing and Digital Information

1. 16Our business is subject to the risks of interruptions by cybersecurity attacks
2. 17We are reliant on information technology
3. 18Artificial intelligence technologies may introduce operational, cybersecurity, reputational, and compliance risks that could adversely affect our businessNew
4. 19Complications with the design or implementation of our new enterprise resource planning system could adversely impact our business and operations

Risks Related to Governmental Regulation and Policies

1. 20Exposure to environmental liabilities could adversely affect our results of operations
2. 21We are subject to potentially extreme governmental regulations and policies
3. 22We are subject to adverse changes in tax laws
4. 23We are subject to international regulations that could adversely affect our business and results of operations
5. 24Changes in legislation or government regulations or policies could adversely affect our results of operations
6. 25Changes in U.S. or foreign trade policies, including additional tariffs or global trade conflicts, could increase the cost of our products, which could adversely impact the competitiveness of our products76% rewritten