The company faces risks from market downturns in its served markets, international/domestic political/economic instability (e.g., Russia/Ukraine conflict), fluctuating foreign currency exchange rates, potential failure of enterprise strategy initiatives to boost organic revenue, market conditions affecting financing for share repurchases, delays in new product introductions, goodwill/intangible asset impairments, raw material price increases/supply shortages, financial market risks to pension plans, service disruptions, cyberattacks, adverse legal outcomes, environmental regulations, employee non-compliance, public health crises, and inflation/interest rate increases.
Financial Upside
The company's diversified operations across various end markets and geographies provide resilience. Successful execution of enterprise strategy initiatives, customer-focused innovation, and a decentralized entrepreneurial culture are expected to drive organic growth. Acquisitions and the sale of noncontrolling interest in Wilsonart are expected to contribute positively. Strong liquidity, including cash and credit facilities, and access to debt markets, support capital allocation priorities.
