Rogers (ROG) risk factors, FY2024 10-K

Risks Relating to Our Business, Strategy and Operations

1. 01Failure to capitalize on, volatility within, or other adverse changes with respect to the Company’s growth drivers, including significant growth markets and high growth markets, may adversely affect our business
2. 02We face intense global competition, which could reduce demand for our products or create additional pricing pressure on our products
3. 03Our business is dependent upon our development of innovative products and our customers’ incorporation of those products into end user products and systems that achieve commercial success
4. 04Macroeconomic conditions could materially adversely affect our business, financial condition, or results of operations
5. 05Our dependence on sole or limited source suppliers for certain of our raw materials could materially adversely affect our ability to manufacture products and materially increase our costs
6. 06We have engaged in transactions in the past and may in the future acquire or dispose of businesses, or engage in other transactions, which expose us to a variety of risks that could materially adversely affect our business operating results and financial position
7. 07Our business strategy includes plans for organic growth, and our results of operations and financial position could be adversely affected if we fail to grow or fail to manage our growth effectively
8. 08We rely on highly specialized technical personnel and management, and the failure to attract and retain these individuals could impair our expected growth and future success
9. 09If we suffer loss or disruption to our facilities, supply chains, distribution systems or information technology systems due to catastrophe or other events, our business could be seriously harmed
10. 10We have extensive international operations, and events and circumstances that have general international consequence or specific impact in the countries in which we operate may materially adversely affect our business
11. 11some multinational customers that are headquartered in emerging markets may have complying fully with U.S. and other developed market extraterritorial regulations
12. 12Deteriorating trade relations between the U.S. and China, other trade conflicts and barriers, economic sanctions, and Chinese policies to decrease dependence on foreign suppliers could limit or prevent certain existing or potential customers from doing business with us and materially adversely affect our business
13. 13A significant disruption in, or breach in security of, our information technology systems or violations of data protection laws could materially adversely affect our business and reputation
14. 14Emerging issues related to the development and use of AI could give rise to legal or regulatory action, damage our reputation, or otherwise materially harm our business
15. 15We may experience difficulties in implementing our new ERP system

Legal, Compliance and Regulatory Risks

1. 16We are subject to many environmental laws and regulations as well as potential environmental liabilities that could adversely affect our business
2. 17regulations related to GHG emissions and other climate change related concerns have affected and will likely continue to affect us, our suppliers and our customers. There can be no assurance our Company will meet the evolving sustainability expectations and standards of our investors and other external stakeholders
3. 18Our business may be materially adversely affected if we cannot protect our proprietary technology or if we infringe the proprietary rights of others
4. 19As a multinational corporation doing business in the U.S. and various foreign jurisdictions, changes in tax laws or exposures to additional tax liability could negatively impact our operating results
5. 20The terms of our credit agreement subject us to risks, including potential acceleration of our outstanding indebtedness if we fail to satisfy financial ratios and comply with numerous covenants
6. 21We may be adversely affected by litigation stemming from product liability and other claims
7. 22We may incur substantial costs to comply with climate change legislation and related regulatory initiatives
8. 23Failure to meet environmental, social and governance ESG expectations or standards or achieve our ESG goals could adversely affect our business, results of operations, financial condition, or stock price
9. 24Our business could be negatively affected as a result of actions of activist shareholders, and such activism could impact the trading value of our securities