Energizer Holdings (ENR) risk factors, FY2024 10-K

Other

1. 01Global economic and financial market conditions beyond our control might materially and negatively impact us
2. 02Competition in our product categories might hinder our ability to execute our business strategy, achieve profitability, or maintain relationships with existing customers
3. 03Changes in the retail environment and consumer preferences could adversely affect our business, financial condition and results of operations
4. 04Loss or impairment of the reputation of our Company or our leading brands or failure of our marketing plans could have an adverse effect on our business
5. 05Loss of any of our principal customers could significantly decrease our sales and profitability
6. 06Our ability to meet our growth targets depends on successful product, marketing and operations innovation and successful responses to competitive innovation and changing consumer habits
7. 07We are subject to risks related to our international operations, including currency fluctuations, which could adversely affect our results of operations
8. 08We must successfully manage the demand, supply, and operational challenges brought about by any disease outbreak, including epidemics, pandemics, or similar widespread public health concerns
9. 09If we fail to protect our intellectual property rights, competitors may manufacture and market similar products, which could adversely affect our market share and results of operations

Operational and Technology Risks

1. 10Changes in production costs, including raw material prices and transportation costs, from inflation or otherwise, have adversely affected, and in the future could erode, our profit margins and negatively impact operating results
2. 11Our reliance on certain significant suppliers subjects us to numerous risks, including possible interruptions in supply, which could adversely affect our business
3. 12Our business is vulnerable to the availability of raw materials, as well as our ability to forecast customer demand and manage production capacity
4. 13The manufacturing facilities, supply channels or other business operations of the Company and our suppliers may be subject to disruption from events beyond our control
5. 14Our future results may be affected by our operational execution, including our ability to achieve cost savings as a result of any current or future restructuring efforts
6. 15Gaining additional efficiencies may become increasingly difficult over time. Our inability to generate anticipated cost savings, successfully implement our strategies or efficiently manage our supply chain and manufacturing processes has caused, and in the future could cause, our results of operations to suffer
7. 16If our goodwill and indefinite-lived intangible assets become impaired, we will be required to record impairment charges, which may be significant
8. 17Sales of certain of our products are seasonal and adverse weather conditions during our peak selling seasons for certain auto care products could have a material adverse effect
9. 18A failure of a key information technology system could adversely impact our ability to conduct business
10. 19We may not be able to attract, retain and develop key employees, as well as effectively manage human capital resources

Financial and Strategic Risks

1. 20We have significant debt obligations that could adversely affect our business
2. 21Our credit ratings are important to our cost of capital
3. 22We may experience losses or be subject to increased funding and expenses related to our pension plans
4. 23The estimates and assumptions on which our financial projections are based may prove to be inaccurate, which may cause our actual results to materially differ from our projections, which may adversely affect our future profitability, cash flows and stock price
5. 24Our failure to address these risks or other problems encountered in connection with our past or future acquisitions and other strategic transactions could cause us to fail to realize their anticipated benefits, incur unanticipated liabilities, and harm our business generally

Legal, Compliance and Sustainability Risks

1. 25Our business involves the potential for product liability claims, labeling claims, commercial claims and other legal claims against us, which could affect our results of operations and financial condition and result in product recalls or withdrawals
2. 26Our business is subject to increasing government regulations in both the U.S. and abroad that could impose material costs
3. 27We are subject to environmental laws and regulations that may expose us to significant liabilities and have a material adverse effect on our results of operations and financial condition
4. 28The resolution of our tax contingencies may result in additional tax liabilities, which could adversely impact our cash flows and results of operations
5. 29We cannot guarantee the timing, amount or payment of dividends on our common stock

Risk Related to Anti-Takeover Measures

1. 30Certain provisions in our amended and restated articles of incorporation and bylaws, and of Missouri law, may deter or delay an acquisition of Energizer