Belden (BDC) risk factors, FY2025 10-K

Business and Operational Risks

1. 01Cyber security incidents have and could in the future interfere with our business and operations52% rewritten
2. 02Volatility in global trade policies and practices could have direct and indirect impacts on our business57% rewritten
3. 03Supply 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
4. 04Our results of operations are subject to foreign and domestic political, social, economic, and other uncertainties and are affected by changes in currency exchange rates
5. 05Our future success depends in part on our ability to develop and introduce new products and respond to changes in customer preferences
6. 06Our ability to remain competitive will be determined, in part, by our ability to successfully implement AI into our product offerings and back office processesNew
7. 07Our reliance on legacy information technology systems and the challenges associated with their maintenance and upgrade could adversely affect our business, financial condition, and results of operationsNew
8. 08The global markets in which we operate are highly competitive
9. 09A 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
10. 10We may have difficulty integrating the operations of acquired businesses, which could negatively affect our results of operations, profitability, and achievement of our strategic plan
11. 11We may be unable to achieve our goals related to revenue growth
12. 12Our revenue for any particular period can be difficult to forecast
13. 13We may be unable to implement our strategic plan successfully
14. 14We may experience significant variability in our quarterly and annual effective tax rate which would affect our reported net income
15. 15If we are unable to attract and retain key employees, our business operations could be adversely affected28% rewritten
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 data solutions to provide expected results may result in negative publicity and harm our business and operating results24% rewritten

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 Sustainability matters by our various stakeholders and Sustainability 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