Energizer Holdings (ENR) risk factors, FY2025 10-K

Other

1. 01Global economic and financial market conditions beyond our control might materially and negatively impact us93% rewritten
2. 02levels of inflation and potential economic slowdown, regulatory changes, as well as input costs including fuel and energy costs (for example, the price of gasoline), foreign currency exchange rate fluctuations, and other matters that influence consumer spending and preferencesNew
3. 03Competition in our product categories might hinder our ability to execute our business strategy, achieve profitability, or maintain relationships with existing customers
4. 04Changes in the retail environment and consumer preferences could adversely affect our business, financial condition and results of operations29% rewritten
5. 05Loss 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
6. 06Loss of any of our principal customers could significantly decrease our sales and profitability
7. 07Our ability to meet our growth targets depends on successful product, marketing and operations innovation and successful responses to competitive innovation and changing consumer habits
8. 08We are subject to risks related to our international operations, including tariffs and currency fluctuations, which could adversely affect our results of operations24% rewritten
9. 09We must successfully manage the demand, supply, and operational challenges brought about by any disease outbreak, including epidemics, pandemics, or similar widespread public health concerns
10. 10If 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. 11Changes in production costs, including raw material prices and transportation costs, from tariffs, inflation or otherwise, have adversely affected, and in the future could erode, our profit margins and negatively impact operating results
2. 12Our reliance on certain significant suppliers subjects us to numerous risks, including possible interruptions in supply, which could adversely affect our business
3. 13Our business is vulnerable to the availability of raw materials, as well as our ability to forecast customer demand and manage production capacity
4. 14The 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. 15Our 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. 16Gaining 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. 17If our goodwill and indefinite-lived intangible assets become impaired, we will be required to record impairment charges, which may be significant
8. 18Sales 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 effect40% rewritten
9. 19We may use artificial intelligence in our business, which could result in reputational harm, competitive harm, and legal liability, and adversely affect our operationsNew
10. 20A failure of a key information technology system could adversely impact our ability to conduct business
11. 21We may not be able to attract, retain and develop key employees, as well as effectively manage human capital resources

Financial and Strategic Risks

1. 22We have significant debt obligations that could adversely affect our business
2. 23Our credit ratings are important to our cost of capital
3. 24We may experience losses or be subject to increased funding and expenses related to our pension plans
4. 25The 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. 26Our 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. 27Our 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. 28Our business is subject to increasing government regulations in both the U.S. and abroad that could impose material costs28% rewritten
3. 29Section 45X of the Internal Revenue Code contains production tax credits for certain battery components. Our ability to benefit from Section 45X production tax credits is not guaranteed and is dependent upon the federal government's ongoing implementation, guidance, regulations, or rulemakingsNew
4. 30Increased focus by governmental and non-governmental organizations, customers, consumers and shareholders on sustainability issues, including those related to climate change, may have an adverse effect on our business, financial condition and results of operations and damage our reputationNew
5. 31We 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
6. 32The resolution of our tax contingencies may result in additional tax liabilities, which could adversely impact our cash flows and results of operations
7. 33We cannot guarantee the timing, amount or payment of dividends on our common stock

Risk Related to Anti-Takeover Measures

1. 34Certain provisions in our amended and restated articles of incorporation and bylaws, and of Missouri law, may deter or delay an acquisition of Energizer