Myers Industries (MYE) risk factors, FY2024 10-K

Risks Relating to Our Business and Operations

1. 01Significant increase in the cost of raw materials or disruption in the availability of raw materials could adversely affect our financial performance
2. 02reduction programs sufficiently to help offset the impact of these increased raw material costs. As a result, higher raw material costs could result in declining margins and operating results
3. 03We operate in a very competitive business environment, which could affect our financial condition and results of operations
4. 04Changes in U.S. trade policy, including the imposition of tariffs and the resulting consequences, could adversely affect our results of operations
5. 05Our operations depend on our ability to maintain continuous, uninterrupted production at our manufacturing facilities, which are subject to physical and other risks that could disrupt production
6. 06Our future performance depends in part on our ability to develop and market new products if there are changes in technology, regulatory requirements or competitive processes
7. 07We may not be successful in protecting our intellectual property rights, including our unpatented proprietary know-how and trade secrets, or in avoiding claims that we infringed on the intellectual property rights of others
8. 08Our business operations could be adversely affected if we lose key employees or members of our senior management team
9. 09Impairment in the carrying value of goodwill could have a material adverse effect on our results of operations and financial position
10. 10Our common stock has experienced, and may continue to experience, price volatility

Risks Relating to the Execution of Our Strategy

1. 11Our strategic growth initiatives have inherent risks and may not achieve anticipated benefits
2. 12Potential divestitures of businesses with non-strategic products or markets
3. 13We may not realize the improved operating results that we anticipate from past acquisitions or from acquisitions we may make in the future, and we may experience difficulties in integrating the acquired businesses or may inherit significant liabilities related to such businesses

Risks Relating to Economic Conditions and Currency Exchange Rates

1. 14Our results of operations and financial condition could be adversely affected by a downturn or inflationary conditions in the United States economy or global markets
2. 15We derive a portion of our revenues from direct and indirect sales outside the United States and are subject to the risks of doing business in foreign countries
3. 16In certain countries, higher rates of inflation than in the United States

Risks Relating to Our Debt and Capital Structure

1. 17If we are unable to maintain access to credit financing, our business may be adversely affected
2. 18Our variable rate indebtedness increases our interest rate risk
3. 19We may incur losses and additional costs as a result of our hedging transactions
4. 20Equity Ownership Concentration

Risks Related to Data Privacy and Information Security

1. 21Our information technology systems may experience an interruption or a breach in security
2. 22Changes in privacy laws, regulations and standards may negatively impact our business

Risks Related to Legal, Compliance and Regulatory Matters

1. 23Future claims, litigation and regulatory actions could adversely affect our financial condition and our ability to conduct our business
2. 24Current and future environmental and other governmental laws and requirements could adversely affect our financial condition and our ability to conduct our business
3. 25Environmental regulations specific to plastic products and containers could adversely affect our ability to conduct our business
4. 26Our insurance coverage may be inadequate to protect against potential hazardous incidents to our business
5. 27Changes in laws and regulations may have an adverse impact on our operations
6. 28Unforeseen events, including natural disasters, unusual or severe weather events and patterns, public health crises, geopolitical crises, and other catastrophic events may negatively impact our economic condition
7. 29Instability in geographies impacted by political events, trade disputes, war, terrorism and other business interruptions could have a material adverse effect on our business, customers, global commodity markets, consumer spending, and financial results