Parker-Hannifin (PH) risk factors: FY2026 10-K

1. Risks arising from uncertainty in worldwide and regional economic conditions may harm our business and make it difficult to project long-term performance.
2. As a global business, we are exposed to economic, political and other risks in different countries in which we operate, which could materially reduce our sales, profitability or cash flows, or materially increase our liabilities.
3. Increased cybersecurity threats and more sophisticated and targeted computer crime have posed and could continue to pose a risk to our information technology systems, and a disruption to or breach in the security of such systems, if material, could have adverse effects on our results of operations and financial condition.rewordedCybersecurity
4. Price and supply fluctuations of the raw materials used in our production processes and by our suppliers of component parts could negatively impact our financial results.
5. Our operations are subject to natural and man-made unexpected events that may increase our costs, interrupt production or our supply chain or otherwise adversely affect our business, results of operations or financial condition.
6. Changes in the demand for and supply of our products may adversely affect our financial results, financial condition and cash flow.
7. The development of new products and technologies requires substantial investment and is required to remain competitive in the markets we serve and new product markets. If we are unable to successfully introduce new commercial products or position our products for new product markets, our profitability could be adversely affected.reworded
8. Changes in the competitive environment in which we operate may eliminate any competitive advantages that we currently have, which could adversely impact our business.
9. We may be required to make material expenditures in order to comply with environmental laws and regulations, to address the effects of climate change and to respond to customer needs and investor expectations regarding climate-related goals, each of which may negatively impact our business.
10. We operate in challenging markets for talent and may fail to attract, develop and retain key personnel.

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1. We are subject to risks relating to acquisitions and joint ventures, the integration of acquired companies, and divestitures of certain product lines or categories.reworded
2. Our results may be adversely affected if expanded operations from acquisitions are not effectively managed.
3. The Company may be subject to risks relating to organizational changes.

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1. Increasing costs of certain employee and retiree benefits could adversely affect our liability for such benefits.
2. Additional liabilities relating to changes in tax rates or exposure to additional income tax liabilities could adversely impact our financial condition and cash flow.
3. Our indebtedness and restrictive covenants under our credit facilities could limit our operational and financial flexibility.
4. We carry goodwill on our balance sheet, which is subject to impairment testing and could subject us to significant non-cash charges to earnings in the future if impairment occurs.
5. The timing and amount of the Company’s share repurchases are subject to a number of uncertainties and may affect our common stock price.new

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1. As a provider of products to the U.S. government, we are subject to additional risks related to future government spending as well as unusual performance conditions and enhanced compliance risks.
2. Litigation and legal and regulatory proceedings against the Company could decrease our liquidity, impair our financial condition and adversely affect our results of operations.
3. Due to the nature of our business and products, we may be liable for damages based on product liability claims.
4. Failure to protect our intellectual property and know-how could reduce or eliminate any competitive advantage and reduce our sales and profitability, and the cost of protecting our intellectual property may be significant.

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Headings in the FY2025 10-K with no match this year.

1. Company or that the Company currently believes are immaterial also may impair the Company’s business, financial condition, results of operations and cash flows.