Foster L B (FSTR) risk factors, FY2024 10-K

Business and Operational Risks

1. 01Our inability to successfully manage acquisitions, divestitures, and other significant transactions or to otherwise execute our strategic plan could harm our financial results, business, and prospects
2. 02Prolonged negative economic conditions, volatile energy prices, tariffs or trade wars, and other unfavorable changes in US, global, or regional economic and market conditions could adversely affect our business
3. 03Our ability to maintain or improve our profitability could be adversely impacted by cost pressures
4. 04Our success is in part dependent on the accuracy and proper utilization of our management information and communications systems
5. 05We are subject to cybersecurity risks and may incur increasing costs in an effort to minimize those risks
6. 06Certain divisions of our business depend on a small number of suppliers. The loss of any such supplier could have a material and adverse effect on our business, financial condition, and result of operations
7. 07Fluctuations in the price, quality, and availability of the primary raw materials used in our business could have a material and adverse effect on our operations and profitability
8. 08Labor disputes may have a material and adverse effect on our operations and profitability
9. 09Actions of activist shareholders could be disruptive and potentially costly and the possibility that activist shareholders may seek changes that conflict with our strategic direction could cause uncertainty about the strategic direction of our business
10. 10Our success is highly dependent on the continued service and availability of qualified personnel
11. 11We may not foresee or be able to control certain events that could adversely affect our business or the stability of our supply chain
12. 12Our business operates in highly competitive markets and a failure to react to changing market conditions could adversely impact our business
13. 13If we are unable to protect our intellectual property and prevent its improper use by third parties, our ability to compete may be harmed
14. 14We are dependent upon key customers

Financial Risks

1. 15Adverse publicity and potential concerns from our customers arising from the required restatements of the Company’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024 and June 30, 2024 could have an adverse effect on our business and financial condition
2. 16Our future performance and market value could cause write-downs of long-lived and intangible assets in future periods
3. 17Our indebtedness could materially and adversely affect our business, financial condition, and results of operations and prevent us from fulfilling our obligations

Legal, Tax, and Regulatory Risks

1. 18Violations of the US Foreign Corrupt Practices Act and similar worldwide anti-corruption laws and other foreign governmental regulations, could result in fines, penalties, and criminal sanctions against the Company, its officers, or both and could have a material and adverse effect on our business
2. 19Our ability to use our net operating loss carryforwards and certain other tax attributes may be limited
3. 20Shifting federal, state, local, and foreign regulatory policies impose risks to our operations
4. 21Legislative or regulatory initiatives related to climate change could have a material adverse effect on our business
5. 22Compliance with environmental laws and regulations could incur significant costs

International Risks

1. 23A portion of our sales are derived from our international operations, which expose us to certain risks inherent in doing business on an international level
2. 24sales in those currencies will be unfavorable. Conversely, a favorable result will be reported if the US dollar weakens in value as compared to the value of the Canadian dollar, British pound, or Euro
3. 25Economic conditions and regulatory changes caused by the United Kingdom’s exit from the European Union could adversely affect our business