Hubbell (HUBB) risk factors, FY2024 10-K

Industry and Economic Risks

1. 01Inflation and other unfavorable economic conditions may adversely affect our business results of operations and financial condition
2. 02We operate in markets that are subject to competitive pressures that could affect selling prices or demand for our products
3. 03Volatility in currency exchange rates may adversely affect our financial condition, results of operations and cash flows

Business and Operational Risks

1. 04Our ability to effectively develop and introduce new products could adversely affect our ability to compete
2. 05We manufacture and source products and materials from various countries throughout the world. A disruption in the availability, price or quality of these products or materials could adversely affect our operating results
3. 06We may be required to recognize impairment charges for our goodwill and other intangible assets
4. 07We engage in acquisitions and strategic investments and may encounter difficulty in obtaining appropriate acquisitions and in integrating these businesses
5. 08We may fail to realize all of the anticipated benefits of the Acquisition of Systems Control or those benefits may take longer to realize than expected
6. 09We may not be able to successfully implement initiatives, including our restructuring activities that improve productivity and streamline operations to control or reduce costs
7. 10We are subject to risks surrounding our information technology systems and industrial controls systems failures, network disruptions, breaches in data security and compliance with data privacy laws or regulations
8. 11Our ability to access capital markets or failure to maintain our credit ratings may adversely affect our business
9. 12Deterioration in the credit quality of, loss of, significant decline in business with, or pricing pressure from, our customers could have a material adverse effect on our operating results and financial condition
10. 13We have outstanding indebtedness; our indebtedness may increase as we engage in acquisitions and other activities to support our growth strategies
11. 14If the underlying investments of our defined benefit plans do not perform as expected, we may have to make additional contributions to these plans

Legal, Tax and Regulatory Risks

1. 15Changes in tax law relating to multinational corporations could adversely affect our tax position
2. 16Because tax laws and regulations are subject to interpretation, uncertainty, and change, tax payments may ultimately differ from amounts currently recorded by the Company
3. 17Our business and results of operations may be materially adversely effected by compliance with import and export laws
4. 18We could incur significant and/or unexpected costs in our efforts to successfully avoid, manage, defend and litigate intellectual property matters
5. 19We are subject to litigation and environmental regulations that may adversely impact our operating results
6. 20Our reputation and our ability to conduct business may be impaired by improper conduct by any of our employees, agents or business partners
7. 21Regulations related to conflict-free minerals may cause us to incur additional expenses and may create challenges with our customers
8. 22Our success depends on attracting and retaining qualified personnel
9. 23We face the potential harms of natural disasters, terrorism, acts of war, international conflicts or other disruptions to our operations
10. 24Global economic uncertainty could adversely affect us