ALH on NYSE

Alliance Laundry Holdings Inc.

Alliance Laundry Holdings Inc. is an American refrigeration and service industry machinery company.1 It is headquartered in Ripon, Wisconsin.1 Its shares trade on NYSE under the symbol ALH.1

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Last updated Oct 21, 2026.

Overview

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  • TickerALH on NYSE1
  • IndustryRefrigeration & Service Industry Machinery1
  • HeadquartersRipon, Wisconsin1
  • Incorporated inDE2
  • Business address221 Shepard St, Ripon, Wi 549712
  • Filer categoryNon-accelerated filer2

Our business began in 1908 in Ripon, Wisconsin when we introduced a hand-operated washer to the marketplace.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

37.6%Gross margin5
18.6%Operating margin5
6.0%Net margin5
13.3%Revenue growth, 20255
26.0%Return on equity5
$158.0MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Equipment, Service Parts and Other brought in 97% of the revenue Alliance Laundry Holdings Inc. broke down this way in fiscal 2025.

  1. Equipment, Service Parts and Other$1.7B597%up 14% from 2024
  2. Equipment Financing$49.6M53%up 2% from 2024
Products and services by year
Products and services202320242025
Equipment, Service Parts and Other$1.3B$1.5B$1.7B
Equipment Financing$43.7M$48.7M$49.6M

Business segments

North America brought in 74% of the revenue Alliance Laundry Holdings Inc. broke down this way in fiscal 2025.

  1. North America$1.3B574%up 14% from 2024
  2. International$440.3M526%up 10% from 2024
Business segments by year
Business segments202320242025
North America$996.8M$1.1B$1.3B
International$368.4M$399.3M$440.3M

Regions

United States brought in 80% of the revenue Alliance Laundry Holdings Inc. broke down this way in fiscal 2025.

  1. United States$1.4B580%up 14% from 2024
  2. CZ$151.8M59%up 6% from 2024
  3. All Other Countries$114.4M57%up 17% from 2024
  4. TH$82.2M55%up 13% from 2024
Regions by year
Regions202320242025
United States$1.1B$1.2B$1.4B
CZ$120.7M$143.0M$151.8M
All Other Countries$85.1M$97.5M$114.4M
TH$72.1M$72.5M$82.2M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Research and development2¢$29.7M
  • Other costs90¢$1.5B
  • Income tax2¢$36.3M
  • Profit6¢$101.8M

Out of $1.7B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Capital spending25¢$53.7M
  • Share buybacks3¢$6.2M
  • Kept or used elsewhere72¢$151.8M

Out of $211.7M of cash from operations.5

Financial statements

Revenue5$1.7B in 2025+25% since 2023
0$500.0M$1.0B$1.5B$2.0B2023: $1.4B$1.4B20232024: $1.5B$1.5B2024+10%2025: $1.7B$1.7B2025+13%
Gross profit5$642.1M in 2025+36% since 2023
0$200.0M$400.0M$600.0M$800.0M2023: $473.1M$473.1M20232024: $551.3M$551.3M2024+17%2025: $642.1M$642.1M2025+16%
Operating income5$317.4M in 2025+35% since 2023
0$100.0M$200.0M$300.0M$400.0M2023: $235.7M$235.7M20232024: $284.0M$284.0M2024+21%2025: $317.4M$317.4M2025+12%
Net income5$101.8M in 2025+15% since 2023
0$50.0M$100.0M$150.0M2023: $88.2M$88.2M20232024: $98.3M$98.3M2024+11%2025: $101.8M$101.8M2025+3%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Net revenues$1.7B$1.5B$1.4B
Gross profit$642.1M$551.3M$473.1M
Other costs$0$494.0K$0
Total operating expenses$324.7M$267.2M$237.4M
Operating income$317.4M$284.0M$235.7M
Interest expense, net$150.5M$132.0M$123.4M
Income before taxes$138.0M$123.4M$104.5M
Provision for income taxes$36.3M$25.1M$16.2M
Net income$101.8M$98.3M$88.2M
Foreign currency translation adjustment$59.1M-$27.4M$6.6M
Change in pension liability and other post-retirement benefits, net of taxes of $7, ($24) and ($1,770) at December 31, 2025, 2024 and 2023, respectively-$192.0K$71.0K$4.9M
Total other comprehensive income/(loss)$58.9M-$27.4M$11.6M
Comprehensive income$160.7M$71.0M$99.8M
Basic (in dollars per share)$0.57$0.58$0.52
Diluted (in dollars per share)$0.56$0.56$0.51
Basic (in shares)177.0M shares170.6M shares171.1M shares
Diluted (in shares)181.4M shares174.3M shares173.6M shares
Dividends declared per share of common stock (in dollars per share)$0.00$5.28$0.00
Change in pension liability and other post-retirement benefits, tax$7.0K-$24.0K-$1.8M

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Corporate structure

Alliance Laundry Holdings Inc. sits at the top of its group. 17 entities, 15 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Alliance Laundry Holdings Inc.

  • Alliance Laundry Holdings Inc. Ripon, Wisconsin
    • Alliance DO Brasil Maquinas De Lavanderia Ltda. Subsidiary · Brazil
    • Alliance Laundry (Netherlands) B.V. Subsidiary · Netherlands
    • Alliance Laundry (Thailand) Company Limited Subsidiary · Thailand
    • Alliance Laundry BV Subsidiary · Belgium
    • Alliance Laundry CE s.r.o. Subsidiary · Czechia
    • Alliance Laundry Equipment (Guangzhou) Ltd. Subsidiary · China
    • Alliance Laundry Finance Ltd. Subsidiary · United Kingdom
    • Alliance Laundry France E.U.R.L. Subsidiary · France
    • Alliance Laundry Germany GmbH Subsidiary · Germany
    • Alliance Laundry Holding S.a.r.l. Subsidiary · Luxembourg
    • Alliance Laundry Hong Kong Limited Subsidiary · Hong Kong
    • Alliance Laundry Italy S.R.L. Subsidiary · Italy
    • Alliance Laundry SEA Pte. Ltd. Subsidiary · Singapore
    • Alliance Laundry Systems Spain S.L. Subsidiary · Spain
    • Speed Queen Laundry (Thailand) Company Limited Subsidiary · Thailand
    • Speed Queen Laundry Co Ltd. Subsidiary · China

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Alliance Laundry Holdings Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Operating-lease assets (leased space)$20.7M5 Dec 31, 2025$17.1M5 Dec 31, 2024+21.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$123.1M5 Dec 31, 2025$154.7M5 Dec 31, 2024−20.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$684.2M5 Dec 31, 2025$666.6M5 Dec 31, 2024+2.6%
Intangible assets, net (excluding goodwill)$754.7M5 Dec 31, 2025$793.7M5 Dec 31, 2024−4.9%
Accumulated amortization$509.0M5 Dec 31, 2025$442.2M5 Dec 31, 2024+15.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$146.9M5 Dec 31, 2025$134.5M5 Dec 31, 2024+9.2%
Raw materials$62.3M5 Dec 31, 2025$52.9M5 Dec 31, 2024+17.7%
Work in process$21.0M5 Dec 31, 2025$18.0M5 Dec 31, 2024+16.4%
Finished goods$63.6M5 Dec 31, 2025$63.5M5 Dec 31, 20240%

Properties, in its own words

Facilities

Headquarters and Office Locations

The rest of Item 2

Our global headquarters is located at 221 Shepard Street, Ripon, Wisconsin 54971. We expect that this approximately

1.7 million square foot corporate complex, of which we own and lease portions, will accommodate our growth plans for the

foreseeable future. In addition to our global headquarters, we lease sales offices across the United States, as well as in

Belgium, China, Brazil, France, Spain, Italy, Germany, Netherlands and the United Arab Emirates. We believe that our

current facilities are adequate to meet our immediate needs and believe that we should be able to renew any of our leases

without an adverse impact on our operations.

Manufacturing and Distribution Facilities

We operate manufacturing facilities located in the United States (Ripon and Manitowoc, Wisconsin); Pribor, Czech

Republic; Chonburi, Thailand; and Guangzhou, China with an aggregate footprint of approximately 2.7 million square feet,

including our global headquarters. Our manufacturing operations primarily consist of fabricating, machining, painting,

assembling and finishing operations. We also operate finished goods and service parts distribution centers.

The following is a summary of our principal properties as of December 31, 2025, the majority of which are leased

spaces, including manufacturing, distribution, warehouse and sales office sites.

No. of Facilities

Locations · Manufacturing · Distribution / Sales Offices with Warehouses · Sales / Corporate Offices Only · Warehouses

United States

Wisconsin · 3 · 1 · 2

Florida · 1

Texas · 2

California · 4 · 2

New York · 2

Georgia · 1

Illinois · 1 · 1

Washington · 1

Oregon · 1

Maryland · 1 · 1

Pennsylvania · 1

Utah · 1

Tennessee · 1

Rest of World

China · 1 · 1 · 1

Czech Republic · 1 · 1

Thailand · 1 · 1

Brazil · 1 · 2

France · 1 · 1

Germany · 1

Italy · 1 · 1

Netherlands · 1

Spain · 1 · 1

UAE · 1

Belgium · 1

Item 2 of the 10-K filed Mar 13, 2026.4

Leadership

Who has led Alliance Laundry Holdings Inc., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (11)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Alliance DO Brasil Maquinas De Lavanderia Ltda. Brazil3
  • Alliance Laundry (Netherlands) B.V. Netherlands3
  • Alliance Laundry (Thailand) Company Limited Thailand3
  • Alliance Laundry BV Belgium3
  • Alliance Laundry CE s.r.o. Czech Republic3
  • Alliance Laundry Equipment (Guangzhou) Ltd. China3
  • Alliance Laundry Finance Ltd. United Kingdom3
  • Alliance Laundry France E.U.R.L. France3
  • Alliance Laundry Germany GmbH Germany3
  • Alliance Laundry Holding S.a.r.l. Luxembourg3
  • Alliance Laundry Hong Kong Limited Hong Kong3
  • Alliance Laundry Italy S.R.L. Italy3
  • Alliance Laundry SEA Pte. Ltd. Singapore3
  • Alliance Laundry Systems Spain S.L. Spain3
  • Speed Queen Laundry (Thailand) Company Limited Thailand3
  • Speed Queen Laundry Co Ltd. China3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • ALH Holding Inc.Sep 15, 2015 to Jul 30, 20252
  • ALH Holding IncFeb 11, 2005 to Feb 11, 20052

Timeline

  1. Aug 13, 20268-K Results of operations22
  2. Jun 29, 20268-K Regulation FD disclosure23
  3. Jun 15, 20268-K Shareholder vote24
  4. Jun 2, 20268-K Executive or director change; Regulation FD disclosure25
  5. May 12, 20268-K Results of operations26
  6. Mar 12, 20268-K Results of operations27
  7. Nov 13, 20258-K Results of operations28
  8. Oct 10, 20258-K Entered a material agreement; Change to shareholders' rights; Executive or director change29
  9. Oct 7, 2025New chief executive Michael Donald Schoeb becomes CEO8

Calendar

Coming up

  1. Nov 12, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.28 a share, on Nov 13, 2025.30

When it reported results

  1. Aug 13, 2026Reported quarterly or annual results22
  2. May 12, 2026Reported quarterly or annual results26
  3. Mar 12, 2026Reported quarterly or annual results27
  4. Nov 13, 2025Reported quarterly or annual results28

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

107 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 8 major events, 63 insider forms, 1 large holders, 31 other. The latest 20:

  1. Oct 15, 2026144 EDGAR
  2. Oct 2, 20264 EDGAR
  3. Oct 2, 20263 EDGAR
  4. Oct 1, 20264 EDGAR
  5. Sep 16, 20264 EDGAR
  6. Sep 15, 2026144 EDGAR
  7. Sep 1, 20263/A EDGAR
  8. Sep 1, 20264 EDGAR
  9. Sep 1, 20263 EDGAR
  10. Aug 24, 20264 EDGAR
  11. Aug 19, 20264 EDGAR
  12. Aug 19, 2026424B4 EDGAR
  13. Aug 18, 2026EFFECT EDGAR
  14. Aug 18, 2026S-1MEF EDGAR
  15. Aug 17, 2026144 EDGAR
  16. Aug 17, 2026S-1 EDGAR
  17. Aug 13, 202610-Q EDGAR
  18. Aug 13, 20268-K EDGAR
  19. Aug 10, 20264 EDGAR
  20. Aug 7, 20264 EDGAR

The 107 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

16 open-market trades by officers, directors and large owners since October 2021: 1 buys and 15 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 15, 2026Vleugels Jan Gommaar M.COO - INTERNATIONALSale75,000$21.05$1.6MForm 4
Aug 20, 2026BDT Badger Holdings, LLCDirectorSale25,932,500$22.74$589.7MForm 4
Aug 17, 2026Vleugels Jan Gommaar M.COO - INTERNATIONALSale75,000$24.75$1.9MForm 4
Aug 5, 2026Nolden Dean JCHIEF FINANCIAL OFFICERSale15,400$28.05$432.0KForm 4
Aug 4, 2026Nolden Dean JCHIEF FINANCIAL OFFICERSale4,600$28.05$129.0KForm 4
Aug 3, 2026Hannan Samantha LeighCLO & CCOSale6,000$26.80$160.8KForm 4
Jul 28, 2026Kopetsky Amanda BrookeCHIEF HUMAN RESOURCES OFFICERSale13,472$27.00$363.7KForm 4
Jul 15, 2026Vleugels Jan Gommaar M.COO - INTERNATIONALSale75,000$25.40$1.9MForm 4
Jul 1, 2026Hannan Samantha LeighCLO & CCOSale6,000$26.27$157.6KForm 4
Jun 22, 2026Kopetsky Amanda BrookeCHIEF HUMAN RESOURCES OFFICERSale12,747$27.04$344.7KForm 4
Jun 17, 2026Kopetsky Amanda BrookeCHIEF HUMAN RESOURCES OFFICERSale809$27.00$21.8KForm 4
Jun 16, 2026Sikora Brian ChristopherCHIEF ACCOUNTING OFFICERSale17,500$26.15$457.6KForm 4
Jun 15, 2026Vleugels Jan Gommaar M.COO - INTERNATIONALSale75,000$25.64$1.9MForm 4
Jun 15, 2026Hannan Samantha LeighCLO & CCOSale6,000$25.66$154.0KForm 4
Oct 9, 2025Nayak Narasimha K.DirectorBuy4,545$22.00$100.0KForm 4
Oct 9, 2025BDT CAPITAL PARTNERS, LLCDirectorSale18,804,877$22.00$413.7MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Michael Schoeb63$933.8K$9.1M32
2025Cody Masluk$242.4K$4.3M32
2025Dean Nolden56$358.0K$2.0M32
2025Robert Calver$286.3K$914.5K32
2025Jan Vleugels61$494.0K$850.7K32
2025Joseph Hainline44$307.1K$612.2K32
2024Chief Executive Officer (“CEO”)$887.6K$2.9M32
2024Chief Operating Officer – International$344.1K$832.3K32
2024Vice PresidentFinancial Planning and Analysis; Interim Chief Financial Officer$247.7K$574.4K32
2024Chief Technology Officer$293.8K$562.5K32
2024Former Chief Commercial Officer – North America$282.0K$520.3K32

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Bdt Capital Partners, LLC140,751,696$3.7B85.7%No change
Capital International Investors8,894,974$235.9M0.0%+1,592,607
Kayne Anderson Rudnick Investment Management LLC7,902,667$209.6M0.7%−1,554,187
BlackRock, Inc.3,221,038$85.4M0.0%+134,679
Wellington Management Group Llp2,471,105$65.5M0.0%−477,142
Fiduciary Management Inc /wi/2,230,990$59.2M0.8%New
Vanguard Portfolio Management LLC2,150,296$57.0M0.0%+412,216
Vanguard Capital Management LLC2,058,896$54.6M0.0%+336,934
Norges Bank2,053,728$54.5M0.0%New
Healthcare Of Ontario Pension Plan Trust Fund1,796,400$47.6M0.1%−248,800
Nomura Asset Management International Inc.1,733,800$46.0M0.1%New
Jpmorgan Chase & Co1,572,951$41.4M0.0%−288,586
Geode Capital Management, LLC1,268,214$33.6M0.0%+319,087
Morgan Stanley1,241,431$32.9M0.0%+1,122,518
Franklin Resources Inc1,111,949$29.5M0.0%+49,203
State Street Corp992,691$26.3M0.0%+67,450
Select Equity Group, L.P.898,085$23.8M0.1%+331,900
Goldman Sachs Group Inc888,200$23.6M0.0%−126,741
Massachusetts Financial Services Co /ma/863,006$22.9M0.0%−45,054
Driehaus Capital Management LLC830,240$22.0M0.1%+9,329
Wells Fargo & Company/mn645,383$17.1M0.0%−13,272
UBS Group AG632,682$16.8M0.0%+129,843
Ghisallo Capital Management LLC600,000$15.9M0.4%No change
Adage Capital Partners Gp, L.l.c.594,771$15.8M0.0%−629,004
Jones Financial Companies Lllp565,885$15.0M0.0%+146,004

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Alliance Laundry Holdings Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAlliance Laundry Holdings Inc.1
  • CIK0001317685
  • Employer ID (EIN)45-48624604
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)3580 Refrigeration & Service Industry Machinery1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address221 Shepard St, Ripon, WI 549711
  • Phone920-748-31211
  • Shares outstanding198,769,096 as of Aug 6, 20267
  • Public float$0 as of Jun 30, 20255
  • AuditorErnst & Young LLP, Milwaukee, Wisconsin PCAOB ID 42; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceFeb 11, 20051
  • Filings109 in all: 4 (44), 3 (18), 144 (11), 8-K (8), 10-Q (3), 424B4 (2), DRS (2), DRS/A (2)1
    All 23 form types

    EFFECT (2), S-1 (2), S-1/A (2), S-1MEF (2), 10-K (1), 3/A (1), 8-A12B (1), ARS (1), CERT (1), D (1), DEF 14A (1), DEFA14A (1), REGDEX (1), S-8 (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 13, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Proxy statement (DEF 14A) Apr 27, 2026
    Latest 8-K (8-K) Aug 13, 2026

Securities registered for trading

ClassSymbolExchange
Class A common stock, par value $0.01ALHNew York Stock Exchange

From the cover page of the 10-K filed Mar 13, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks Alliance Laundry Holdings Inc. names in Item 1A of its 10-K filed Mar 13, 2026: 77 risks under these headings, as written.4

  • consider the following risks and uncertainties, together with the other information contained in this Annual Report. The
  • risks and uncertainties described below are not the only ones we face. If any of these risks actually occur, our business,
  • prospects, operating results or financial condition could suffer materially, the trading price of our common stock could
  • decline and you could lose all or part of your investment. These disclosures reflect the Company’s beliefs and opinions as
  • to factors that could materially and adversely affect the Company and its securities in the future. References to past events
  • are provided by way of example only and are not intended to be a complete listing or a representation as to whether or not
  • such factors have occurred in the past or their likelihood of occurring in the future.
  • Some statements in this Annual Report, including statements in the following risk factors, constitute forward-looking
  • statements. See the section titled “Cautionary Note Regarding Forward-Looking Statements.”
  • Risks Relating to Our Business
  • We design, manufacture and service products that incorporate innovative technologies. The introduction of new
  • products and technologies involves risks, and we may not realize the degree or timing of benefits initially anticipated.
The other 66 risks
  • We operate in a competitive market.
  • Our business depends on the performance of our third-party distributors, route operators and suppliers who are subject
  • to additional risks that are beyond our control, including those that could harm our business, financial condition and
  • results of operations.
  • We do not have long-term purchase commitments from our distributors, suppliers and retailers and may have to rely on
  • distributor, supplier and retailer forecast in making production decisions, and any cancellation of purchase
  • commitments or orders may result in the waste of raw materials or work in process associated with those orders,
  • reducing both our revenues and profitability.
  • Our business depends on our customers and their continued engagement with us.
  • Price fluctuations or shortages of raw materials could adversely affect our operations.
  • We face inventory risk caused by inherent uncertainty in inventory forecasting and production planning.
  • We depend on suppliers, including single-source suppliers and, in certain cases, sole-source suppliers, to consistently
  • supply us with components for our products, and any failure to procure such components could have a material adverse
  • effect on our product inventories, sales, operating results and cash flows.
  • Global economic downturns could negatively impact our suppliers and customers.
  • Failure to achieve and maintain a high level of product and service quality could damage our reputation with
  • customers, increase our costs or otherwise negatively impact our results and market share.
  • Our financing programs to end-customers expose us to additional risks which could adversely affect our operations.
  • We are subject to risks associated with our Asset Backed Trade Receivables Facility.
  • Past growth may not be indicative of future growth.
  • We may encounter certain risks and incur certain expenses when implementing our business strategy to continue to
  • grow our international business, particularly in emerging markets.
  • We are exposed to the risk of foreign currency fluctuations.
  • Our international operations expose us to worldwide economic conditions; unfavorable global economic conditions
  • could lead to reduced revenues and negatively impact our results of operations.
  • Our business, financial condition and results of operations could be adversely affected by ongoing international
  • conflicts and related disruptions in the global economy.
  • The costs and difficulties of acquiring and integrating complementary businesses and technologies could impede our
  • future growth, diminish our competitiveness and harm our operations.
  • Our ability to attract, develop and retain key executives and other qualified employees is crucial to our results of
  • operations and future growth.
  • Adverse relations with employees could harm our business.
  • We may not realize expected benefits from our cost reduction efforts, and our profitability or our business otherwise
  • might be adversely affected.
  • Unexpected events, including natural or man-made disasters or telecommunications failures, may increase our cost of
  • doing business or disrupt our operations.
  • Our goodwill and other intangible assets represent a substantial amount of our total assets. A decline in future
  • operating performance could result in impairment of goodwill or other intangible assets, which could have a material
  • adverse effect on our business, financial condition, results of operations or cash flows.
  • We have remediated the material weaknesses previously reported in our internal control over financial reporting, but if
  • we identify additional material weaknesses in the future or fail to maintain an effective system of internal control we
  • may not be able to accurately and timely report our financial results, which may affect investor confidence and cause us
  • to incur additional costs resulting in adverse impacts to our results of operations.
  • Risks Relating to Government Regulation and Litigation
  • Our international operations require us to comply with applicable trade, export controls and foreign anti-corruption
  • laws and regulations of the U.S. government and various other countries.
  • Tariffs and other trade restrictions could adversely affect our business and financial results, and we may not be able to
  • raise prices sufficiently to offset increased costs caused by any such tariffs.
  • We could incur significant costs in complying with EHS laws and regulations and could be adversely affected by
  • liabilities or obligations imposed under such laws.
  • We are subject to risks related to environmental, social and governance (“ESG”) and sustainability laws, regulations,
  • policies and initiatives.
  • Energy efficiency, water usage standards and other product-related standards could adversely affect our industry.
  • We are subject to risks of future legal proceedings.
  • Our employees and our third-party distributors, route operators and suppliers may engage in misconduct or other
  • improper activities, including non-compliance with regulatory standards and requirements.
  • Changes in accounting standards may adversely affect us.
  • Our business may be impacted by new or changing tax laws or regulations and actions by international, federal, state,
  • and local agencies, or by how judicial authorities apply tax laws.
  • Risks Relating to Intellectual Property Matters
  • Failure to adequately protect our intellectual property rights may have a material adverse effect on our results of
  • operations or our ability to compete.
  • Failure to protect the confidentiality of our trade secrets or other proprietary information could harm our business,
  • financial condition, results of operations and competitive position.
  • If our trademarks, trade names and domain names are not adequately protected, maintained and enforced, we may not
  • be able to build name recognition in our markets of interest and our competitive position may be harmed.
  • We may become involved in legal proceedings to enforce our intellectual property rights or relating to allegations that
  • we have infringed third party intellectual property rights, the outcome of which would be uncertain and could be costly,

Legal proceedings

From time to time we are a party to various legal proceedings incidental to the conduct of our business. The results of

legal proceedings are inherently unpredictable and uncertain. We are not presently party to any legal proceedings the

resolution of which we believe would have a material adverse effect on our business, prospects, financial condition,

liquidity, results of operations, cash flows or capital levels.

The opening of Item 3, Legal Proceedings.4

Sources

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