CDW (CDW) risk factors: FY2025 10-K

1. Our business depends on our vendor partner and wholesale distributor relationships and the terms of the agreements governing those relationships.
2. Our sales are dependent on continued innovations in technology by our vendor partners and the competitiveness of their offerings, and our ability to partner with new and emerging technology providers.
3. Issues relating to the use or capabilities of AI, including social, ethical, and safety issues, in hardware, software, and services offerings may result in reputational harm, liability, or increased costs.rewordedAI
4. Substantial competition could reduce our market share and significantly harm our financial performance.
5. The success of our business depends on the continuing development, maintenance, and operation of our information technology systems.
6. Breaches of data security and the failure to protect our information technology systems from cybersecurity threats could adversely impact our business.Cybersecurity
7. If we or our third-party service providers fail to provide high-quality services to our customers, our reputation, brand, business, results of operations, or cash flows could be adversely affected.
8. If we lose any of our key personnel, are unable to attract and retain the talent required for our business, our labor costs significantly increase, or our approach to workforce management is ineffective, our business could be disrupted, and our financial performance could suffer.
9. We have outsourced certain business processes to third-party outsource partners and any service failures or disruptions related to these outsourcing arrangements could adversely affect our business.
10. A natural disaster or other adverse occurrence at one of our primary facilities or a third-party provider location could damage our business.
11. Increases in the cost of commercial delivery services or disruptions of those services could materially adversely impact our business.
12. We are exposed to accounts receivable and inventory risks.
13. We could be exposed to additional costs and risks if we continue to make strategic investments or acquisitions or enter into joint ventures or alliances.reworded
14. Our future operating results may fluctuate significantly due to the volatility and rapidly changing state of the technology industry, which may result in volatility in the market price of our stock and could impact our ability to operate our business effectively.reworded
15. Fluctuations in foreign currency have an effect on our reported results of operations.

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1. Global and regional economic and political conditions may have an adverse impact on our business.
2. Decreases or delays in spending on technology products and services by our customers due to, among other things, customer spending decisions and government spending and funding policies may have an adverse impact on our business.
3. The interruption of the flow of products from suppliers could disrupt our supply chain.

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1. The failure to comply with our public sector contracts or applicable laws and regulations could result in, among other things, termination, fines, or other liabilities, and changes in procurement regulations could adversely impact our business, results of operations, or cash flows.
2. We are exposed to risks from legal proceedings and audits, including intellectual property infringement claims, which may result in substantial costs and expenses or interruption of our normal business operations.
3. Failure to comply with complex and evolving laws and regulations applicable to our operations or failure to meet stakeholder expectations on environmental sustainability and corporate responsibility matters could adversely affect our business, results of operations, or cash flows.

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1. Our level of indebtedness and obligations pursuant to the agreements and instruments reflecting our indebtedness could adversely affect our business, results of operations, and cash flows.new

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1. Our common stock price may be volatile and may decline regardless of our operating performance, and holders of our common stock could lose a significant portion of their investment.

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Headings in the FY2024 10-K with no match this year.

1. Our level of indebtedness could adversely affect our business.
2. Restrictive covenants under our senior credit facilities and, to a lesser degree, our indentures may adversely affect our operations and liquidity.
3. Failure to maintain the ratings assigned to our debt securities by rating agencies may increase our future borrowing costs and reduce our access to capital.
4. We and our subsidiaries may be able to incur substantially more debt, including secured debt. This could further increase the risks associated with our leverage.
5. Variable rate indebtedness subjects us to interest rate risk, which could cause our debt service obligations to increase significantly.
6. Anti-takeover provisions in our charter documents and Delaware law might discourage or delay acquisition attempts for us that may be considered favorable.
7. There can be no assurance that we will continue to pay dividends on our common stock or repurchase any of our common stock under our share repurchase program.
8. We are a holding company and rely on dividends, distributions and other payments, advances and transfers of funds from our subsidiaries to meet our obligations.