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Risk Factors Update Summary
- We experienced a cybersecurity incident in September 2023, incurring significant costs and potential reputational damage. This incident could materially and adversely affect our results of operations.
- Our ability to convert backlog into revenue may be negatively impacted by labor shortages, limiting our operations. This could adversely affect our financial performance.
- We are incorporating artificial intelligence technologies into our products, which may present compliance and reputational risks. Failure to keep pace with AI developments could harm our competitiveness.
- During fiscal year 2024, our results were impacted by continued economic weakness in China, adversely affecting our Building Solutions Asia Pacific segment. This could negatively impact our consolidated financial performance.
- We are subject to emerging climate regulations, including commitments to achieve net zero carbon emissions for Scope 1 and 2 by 2040. This could increase our operational and capital costs.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=833444&owner=exclude
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