Nordson (NDSN) risk factors, FY2025 10-K

Risks Related to Economic Conditions

1. 01Changes in U.S. or international economic conditions, including declines in the industries we serve, could adversely affect the revenue stream and profitability of any of our operations
2. 02Changes to trade policies, tariffs, and other import/export regulations of the U.S. and other nations may create uncertainty in the global market and have a material adverse effect on our business, financial condition, and results of operationsNew
3. 03Significant movements in foreign currency exchange rates or change in monetary policy may harm our financial results27% rewritten

Risks Related to Our Business and Operations

1. 04Political conditions in and between the United States and foreign countries in which we operate could adversely affect our business
2. 05Any of these events could reduce the demand for our products, limit the prices at which we can sell our products, interrupt our supply chain, or otherwise have an adverse effect on our operating performance48% rewritten
3. 06Failure to retain our existing senior management team or the inability to attract and retain qualified personnel could hurt our business and inhibit our ability to operate and grow successfully25% rewritten
4. 07The Company may be subject to risks relating to organizational changes
5. 08Increased information technology threats and cybersecurity incidents and threats could pose a risk to our systems, networks, products, solutions and services and those of our business partners28% rewritten
6. 09We may face particular data protection and privacy risks in connection with the European Union's Global Data Protection Regulation, the California Consumer Privacy Act and other privacy laws and regulations
7. 10A disruption in, shortage of, or price increases for, supply of our components and raw materials may adversely impact our business, financial condition, results of operations and cash flows
8. 11We may be incorporating artificial intelligence technologies into our products, services and processes. These technologies may present business, compliance and reputational risksNew
9. 12If our intellectual property protection is inadequate, others may be able to use our technologies and tradenames and thereby reduce our ability to compete, which could have a material adverse effect on our business, financial condition and results of operations
10. 13Our products could infringe on the intellectual property of others, which may cause us to engage in costly litigation and, if we are not successful, could cause us to pay substantial damages and prohibit us from selling our products

Risks Related to the Execution of Our Strategy

1. 14If we fail to develop new products or enhance existing products, or our customers do not accept the new or enhanced products we develop, our financial condition, results of operations, cash flows and liquidity could be adversely affected
2. 15Our growth strategy includes acquisitions, and we may not be able to execute on our acquisition strategy or integrate acquisitions successfully
3. 16Any impairment in the value of our intangible assets, including goodwill, would negatively affect our operating results and total capitalization

Risks Related to Legal, Compliance and Regulatory Matters

1. 17Changes in United States and international tax laws may have a material adverse effect on our business, financial condition and results of operations
2. 18We may be exposed to liabilities under the Foreign Corrupt Practices Act ("FCPA"), which could have a material adverse effect on our business, reputation, financial condition or results of operations
3. 19The level of returns on pension plan assets, changes in the actuarial assumptions used and management of pension liabilities could adversely affect us
4. 20Our global operations are subject to increasingly complex environmental regulatory requirements, and compliance with evolving environmental regulatory requirements could negatively impact our business, capital expenditures, results of operations, financial condition and competitive position
5. 21Expectations relating to environmental, social and governance considerations expose us to potential liabilities, increased costs, reputational harm and other adverse effects on our business47% rewritten

Risks Related to Our Capital Structure

1. 22The limits imposed on us by the restrictive covenants contained in the agreements governing our debt could prevent us from making acquisitions or cause us to lose access to these facilities
2. 23These restrictions could limit our ability to plan for or react to market conditions or meet extraordinary capital needs and could otherwise restrict our financing activities
3. 24The insurance that we maintain may not fully cover all potential exposures
4. 25Our business, financial condition and results of operations may be adversely affected by natural disasters or other catastrophic events beyond our control