Waters (WAT) risk factors: FY2025 10-K

1. The Company’s failure to successfully integrate the BDS Business within the expected timeline could adversely affect the Company’s future results.new
2. In connection with the BDS Business Acquisition, the Company may incur additional costs and charges as a result of restructuring activities related to its manufacturing operations and supply chain as well as in order to streamline ancillary business functions that are intended to reduce ongoing costs, and those restructuring activities also may be disruptive to the Company’s business and may not result in anticipated cost savings.new
3. The amount of indebtedness that the Company assumed as a result of the BDS Business Acquisition is substantial. This increased level of indebtedness could adversely affect the Company’s operational flexibility and increase its borrowing costs.new
4. The Company and SpinCo are required to abide by potentially significant restrictions that could limit the Company’s ability to undertake certain corporate actions that otherwise could be advantageous.new
5. The Company may be unable to provide (or obtain from third parties) the same types and level of services to the BDS Business that historically have been provided by BD or may be unable to provide (or obtain) them at the same cost.new
6. The Company’s international operations may be negatively affected by political events, wars or terrorism, economic conditions and regulatory changes, related to either a specific country or a larger region. These potential political, currency and economic disruptions, as well as foreign currency exchange rate fluctuations, could have a material adverse effect on the Company’s results of operations or financial condition.
7. Global economic conditions may have an adverse effect on the demand for, and supply of, the Company’s products and harm the Company’s financial results.
8. Disruption in worldwide financial markets could adversely impact the Company’s access to capital and financial condition.
9. The Company’s financial results are subject to changes in customer demand, which may decrease for a number of reasons, many beyond the Company’s control.
10. Competitors may introduce more effective or less expensive products than the Company’s, which could result in decreased sales. The competitive landscape may transform as a result of potential changes in ownership, mergers and continued consolidations among the Company’s competitors, which could harm the Company’s business.
11. Strategies for organic growth require developing new technologies and bringing these new technologies to market, which could negatively impact the Company’s financial results.
12. Reductions in customers’ research budgets or government funding may adversely affect the Company’s business.new
13. Market dynamics, changes in reimbursement practices and coverage policies and third-party payer cost containment measures could affect the demand for the Company’s products and the prices at which they are sold.new
14. Changes in government priorities as it relates to healthcare could affect the revenue earned by the Company and the costs for obtaining such revenue.new
15. The Company’s growth can suffer if the markets into which it sells products and services decline, do not grow as anticipated or experience cyclicality.new
16. Defects or quality issues associated with the Company’s products, including software or hardware, could adversely impact their function, performance and security, and affect results of operations.new
17. Issues and uncertainties related to the development, deployment and use of artificial intelligence in the Company’s business operations and products may result in harm to the Company’s reputation, regulatory action or legal liability.AI
18. The Company may face risks associated with previous or future acquisitions, strategic investments, joint ventures and divestitures.
19. Disruption of operations, including at the Company’s manufacturing facilities, or disruption or failure of the Company’s key technology systems could have a material impact on the Company’s business, results of operations and financial condition.
20. Failure to adequately protect intellectual property could have materially adverse effects on the Company’s results of operations or financial condition.
21. The Company’s business would suffer if the Company were unable to acquire adequate sources of supply.
22. The Company’s sales would deteriorate if the Company’s outside contractors failed to provide necessary components or modules or develop certain intellectual property.reworded
23. The Company’s business could be harmed by actions of third-party sales intermediaries and other third parties that sell our products.
24. The Company is subject to laws and regulations governing government contracts, and failure to address these laws and regulations or comply with government contracts could harm its business by leading to a reduction in revenues associated with these customers.
25. The Company’s financial results may be subject to changing application of tax law and tax audit examinations.reworded
26. The Company may be required to recognize impairment charges for our goodwill and other intangible assets.
27. The Company’s success is highly dependent on qualified and sufficient staffing. Our failure to attract or retain qualified personnel, including our senior management team and technical personnel, could lead to a loss of revenue or profitability.new
28. The Company may be subject to labor disruptions.new
29. Disruption, cyber-attack or unforeseen problems with the security, maintenance or upgrade of the Company’s information and web-based systems could have an adverse effect on the Company’s business strategy, results of operations and financial condition.Cybersecurity
30. The Company is subject to varying data privacy laws and regulations, and a violation of such laws and regulations could have a negative impact on the Company’s business, results of operations and financial condition.
31. Changes in governmental regulations and compliance failures could harm the Company’s business.
32. The Company may be harmed by improper conduct of any of our employees, agents or business partners.
33. Sustainability issues, including those related to climate change, may have an adverse effect on our business, financial condition and results of operations and damage our reputation.reworded
34. The Company is subject to or otherwise responsible for a variety of litigation and other legal and regulatory proceedings in the ordinary course of business that can adversely affect our business, results of operations and financial condition.
35. The Company’s Amended and Restated Bylaws (the “Bylaws”) include exclusive forum provisions, which could limit shareholders’ ability to obtain a favorable judicial forum for disputes with the Company or its respective directors, officers or employees.new
36. The Charter and Bylaws contain certain provisions that will limit the ability of shareholders of the Company to take certain actions, and that could delay or discourage takeover attempts that shareholders may consider favorable.new
37. The effects of climate change could harm the Company’s business.
38. Estimates and assumptions made in accounting for the Company’s results from operations are dependent on future results, which involve significant judgments and may be imprecise and may differ materially from actual results.
39. The Company’s financial condition and results of operations could be adversely affected by changes to the Company’s retirement plans or retirement plan assets.

Read these in Item 1A · See the changes

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

1. Public health crises, epidemics or pandemics have had, and could in the future have, a negative impact on the Company’s business and operations.
2. The Company’s software or hardware may contain coding or manufacturing errors that could impact their function, performance and security, and result in other negative consequences.
3. We may not be able to attract and retain qualified employees.
4. The loss of key members of management and the risks inherent in succession planning could adversely affect the Company’s results of operations or financial condition.
5. The Company’s financial condition and results of operations could be adversely affected if the Company is unable to maintain a sufficient level of cash flow.
6. Debt covenants, and the Company’s failure to comply with them, could negatively impact the Company’s capital and financial results.