Donaldson (DCI) risk factors, FY2025 10-K

Donaldson's FY2025 10-K, filed Sep 26, 2025, lists 18 risk factors in 5 groups. Against the prior year's 17: 1 new, 1 substantially reworded.

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Risk factors listed
185 groups
New this year
1vs 17 last year
Dropped
0since the prior 10-K
Substantially reworded
1of those kept
Section length
3k wordsItem 1A

What the changes say

  • New tariff risks focus on supply chain disruptions and cost pressures from the US, Mexico, China, and EU.
  • Sustainability reporting references were updated from ESG to Sustainability.

What changed since the prior 10-K

New

  • NewMacroeconomic and Geopolitical Risks

    Tariffs - costs associated with complying with potential new or incremental tariffs could negatively affect our business and results of operations

    New or incremental tariffs from the US, Mexico, China, and EU could disrupt supply chains, raise costs, and make products less competitive.

Reworded

  • 42% rewrittenOperational Risks

    Sustainability - achieving commitments could result in additional costs and our inability to achieve them could have an adverse impact on our reputation and performance

    References to diversity, equity, and inclusion were removed, leaving greenhouse gas emissions and updating reporting terminology from ESG to Sustainability.

    Was: Environmental, Social and Governance (ESG) - achieving commitments could result in additional costs and our inability to achieve them could have an adverse impact on our reputation and performance

All 18 risk factors

Headings as the filing states them, in filing order.

Macroeconomic and Geopolitical Risks

  1. 01Global Operations - we have a broad footprint and global operations may present challenges
  2. 02Tariffs - costs associated with complying with potential new or incremental tariffs could negatively affect our business and results of operationsNew
  3. 03Business Disruption - unexpected events, including natural disasters, may increase our cost of doing business or disrupt our operations

Operational Risks

  1. 04Supply Chain - unavailable raw materials, significant demand fluctuations and material cost changes could have an impact on our sales and cost of sales
  2. 05Personnel - our success has been and could in the future be affected, if we are not able to attract, engage, train and retain qualified personnel
  3. 06Operations - complexity of manufacturing could cause inability to meet demand and result in the loss of customers
  4. 07Products - maintaining a competitive advantage requires consistent investment with uncertain returns
  5. 08Evolving Customer Needs - disruptive technologies may threaten our growth in certain industries
  6. 09Competition - we participate in highly competitive markets with pricing pressure
  7. 10Customer Concentration and Retention - a number of our customers operate in similar cyclical industries. Changes in economic conditions in these industries could impact our sales
  8. 11Productivity Improvements - if we do not successfully manage productivity improvements, we may not realize the expected benefits
  9. 12Sustainability - achieving commitments could result in additional costs and our inability to achieve them could have an adverse impact on our reputation and performance42% rewritten
  10. 13Acquisitions, Divestitures and Other Strategic Transactions - the execution of our acquisitions, divestitures and other strategic transactions may not provide the desired return on investment

Cybersecurity Risks

  1. 14Cybersecurity Risks - vulnerability of our information technology systems and security

Legal and Regulatory Risks

  1. 15Intellectual Property - demand for our products may be affected by new entrants that copy our products and/or infringe on our intellectual property
  2. 16Legal and Regulatory - costs associated with lawsuits, investigations or complying with laws and regulations

Financial Risks

  1. 17Currency - an unfavorable fluctuation in foreign currency exchange rates could impact our results of operations
  2. 18Liquidity - changes in the capital and credit markets may negatively affect our ability to access financing to support strategic initiatives

Other Donaldson 10-Ks

  • FY2026 10-K risk factors
    20 risks2 new

    New risks focus on integrating the Facet acquisition and managing expanding artificial intelligence use.

    Filed Sep 25, 2026
  • FY2024 10-K risk factors
    17 risks

    Donaldson faces key risks from concentrated cyclical customer industries, third-party raw material sourcing, and global manufacturing complexities.

    Filed Sep 27, 2024

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.