Risk Factors Update Summary

• Increased consolidated debt service obligations from acquisitions in 2023, with a new $250.0 million term loan facility and $350.0 million ABL facility. This could impact financial condition and operations.
• Acquisition agreement with Owens Corning for $133.00 per share could impact financial condition significantly.
• Acquisitions pose risks including integration challenges, unanticipated costs, and impairment of goodwill.
• Implementation of a restructuring plan in December 2022 to drive cost efficiencies through optimized manufacturing footprint, involving substantial planning and potential short-term earnings decrease due to restructuring charges.
• Pending Acquisition may disrupt business, divert management attention, and impact financial results.
• Volatility in financial markets and interest rates could adversely affect business, financial performance, and cash flow.
• Fluctuations in energy and transportation prices may impact manufacturing operations and costs.
• Potential disruptions due to labor disputes or work stoppages at facilities with unionized workers, including approximately 2,200 unionized employees, could lead to late product delivery, increased costs, and loss of business.
• Increased mortgage rates in 2022 could impact sales and profitability due to reduced access to consumer financing.
• Dependence on key customers like The Home Depot, accounting for 20% of net sales, poses risks.
• Risks related to product liability, warranty claims, and legal proceedings could adversely affect financial performance, including regulatory penalties, warranty claims, and potential product-related lawsuits.
• Dependence on information technology systems for operations, with potential risks from cyber-attacks, hardware failure, or natural disasters, which could disrupt operations and impact financial results.
• Compliance with evolving data privacy laws and regulations, potential cyber threats, and data breaches could lead to enforcement actions, litigation, fines, penalties, and damage to business reputation.
• Changes in environmental laws and regulations, including climate change regulations, could impact demand for products, increase compliance costs, and negatively affect operations and financial performance.