Belden (BDC) risk factors, FY2024 10-K

Business and Operational Risks

1. 01Volatility in global trade policies and practices could have direct and indirect impacts on our business
2. 02Cyber security incidents have and could in the future interfere with our business and operations
3. 03Our results of operations are subject to foreign and domestic political, social, economic, and other uncertainties and are affected by changes in currency exchange rates
4. 04A challenging global economic environment or a downturn in the markets we serve could adversely affect our operating results and stock price in a material manner
5. 05The global markets in which we operate are highly competitive
6. 06Supply chain issues, including scarcity of raw materials or other components necessary to produce the products we manufacture, could increase costs or cause a delay in our ability to fulfill orders, and could adversely affect our future results of operations and our overall financial performance
7. 07Our future success depends in part on our ability to develop and introduce new products and respond to changes in customer preferences
8. 08We may be unable to achieve our goals related to revenue growth
9. 09Our revenue for any particular period can be difficult to forecast
10. 10We may be unable to implement our strategic plan successfully
11. 11The presence of substitute products in the marketplace may reduce demand for our products and negatively impact our business
12. 12We may experience significant variability in our quarterly and annual effective tax rate which would affect our reported net income
13. 13The increased prevalence of cloud computing and other disruptive business models may negatively impact certain aspects of our business
14. 14We may have difficulty integrating the operations of acquired businesses, which could negatively affect our results of operations, profitability, and achievement of our strategic plan
15. 15If we are unable to retain key employees, our business operations could be adversely affected
16. 16Our revenue and profits would likely decline, at least temporarily, if we were to lose a key distributor
17. 17Actions of activists could cause us to incur substantial costs, divert management’s attention and resources, and have an adverse effect on our business
18. 18Perceived failure of our signal transmission solutions to provide expected results may result in negative publicity and harm our business and operating results

General Industry and Economic Risks

1. 19As a result of increased inflation, costs of raw materials and labor may increase in a way that we are unable to offset in a timely manner through higher prices for finished goods
2. 20Extreme weather events and other climate-related catastrophes could impact our locations, our people and our performance
3. 21Future epidemics, pandemics or other major disasters could impact our future results of operations and overall financial performance
4. 22Volatility of credit markets and rising interest rates could adversely affect our business
5. 23We may be unable to achieve our strategic priorities in emerging markets

Legal and Regulatory Risks

1. 24Changes in global tariffs and trade agreements may have a negative impact on global economic conditions, markets and our business
2. 25Changes in tax laws may adversely affect our financial position
3. 26We are subject to laws and regulations worldwide, changes to which could increase our costs and individually or in the aggregate adversely affect our business
4. 27Increasing expectations with respect to Environmental, Social and Governance (ESG) matters by our various stakeholders and ESG regulation could adversely affect our business and operating results
5. 28We might have difficulty protecting our intellectual property from use by competitors, or competitors might accuse us of violating their intellectual property rights
6. 29Our use of open source software could negatively impact our ability to sell our products and may subject us to unanticipated obligations
7. 30If our goodwill or other intangible assets become impaired, we would be required to recognize charges that would reduce our income
8. 31Some of our employees are members of collective bargaining groups, and we might be subject to labor actions that would interrupt our business