Nordson (NDSN)

Risks

• The COVID-19 pandemic has negatively disrupted our ability to operate, results of operations, financial condition, liquidity and capital investments, and may continue to have a negative impact, which could be material.
• Changes in United States or international economic conditions, including declines in the industries we serve, could adversely affect the profitability of any of our operations.
• Our results have been and could continue to be impacted by uncertainty in U.S. trade policy, including uncertainty surrounding changes in tariffs, trade agreements or other trade restrictions imposed by the U.S. or other governments.
• Significant movements in foreign currency exchange rates or change in monetary policy may harm our financial results.
• A disruption in, shortage of, or price increases for, supply of our components and raw materials may adversely impact our operations.
• Failure 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 successfully.
• The Company may be subject to risks relating to organizational changes.
• Political conditions in the U.S. and foreign countries in which we operate could adversely affect us.
• Increased information technology ("IT") security threats and more sophisticated and targeted cyber crime could pose a risk to our systems, networks, products, solutions and services.
• If 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 us, our financial condition and results of operations.
• Our 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.
• We continually assess the strategic fit of our existing businesses and may divest or otherwise dispose of businesses that are deemed not to fit with our strategic plan or are not achieving the desired return on investment, and we cannot be certain that our business, operating results and financial condition will not be materially and adversely affected.
• If we fail to develop new products or enhance existing products, or our customers do not accept the new or enhanced products we develop, our revenue and profitability could be adversely impacted.
• Our growth strategy includes acquisitions, and we may not be able to execute on our acquisition strategy or integrate acquisitions successfully.
• Any impairment in the value of our intangible assets, including goodwill, would negatively affect our operating results and total capitalization.
• Changes in United States and international tax law may have a material adverse effect on our business, financial condition and results of operations.
• We may be exposed to liabilities under the Foreign Corrupt Practices Act (FCPA), which could have a material adverse effect on our business.
• The level of returns on pension plan assets, changes in the actuarial assumptions used, and management of pension liabilities could adversely affect us.
• Our global operations are subject to increasingly complex environmental regulatory requirements.
• Our inability to comply with our existing credit facilities’ restrictive covenants or to access additional sources of capital could impede growth or the repayment or refinancing of existing indebtedness.
• Changes in interest rates could adversely affect us.
• The insurance that we maintain may not fully cover all potential exposures.
• Our business and operating results may be adversely affected by natural disasters or other catastrophic events beyond our control.