Risk Sleuth
ESAB · 10-K filed 20 Feb 2026 · year to 31 Dec 2025

ESAB

25 named things its latest annual report says its results depend on, each in the company's own words. 17 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Other companies

Eddyfi Technologies

approximately $1.45 billionnamed as a risk
For example, on January 31, 2026, the Company entered into an agreement to acquire Eddyfi Technologies (“Eddyfi”), a global leader in advanced inspection and monitoring technologies headquartered in Quebec, Canada, for approximately $1.45 billion.Risk factors (Item 1A)

Enovis Corporation (formerly Colfax Corporation)

named as a risk
In connection with the Separation, we agreed to indemnify the Former Parent for, among other things, the retained asbestos-related contingencies and liabilities related to these businesses.Risk factors (Item 1A)

Rales Holders

named as a risk
The sales by the Rales Holders or their permitted transferees of a substantial number of shares of our common stock in the public market, or the perception that such sales might occur, could have a material adverse effect on the price of our common stock.Risk factors (Item 1A)

Competitors

Illinois Tool Works

competes with
The markets that we compete in are also served by Lincoln Electric and the welding business within Illinois Tool Works.Business (Item 1)

Also named by HLMN

Lincoln Electric

competes with
The markets that we compete in are also served by Lincoln Electric and the welding business within Illinois Tool Works.Business (Item 1)

Places

Russia

operates in · approximately 5% of our Net salesnamed as a risk
For the year ended December 31, 2025, our operations in Russia represented approximately 5% of our Net sales, and approximately $9 million in Net income.Risk factors (Item 1A)

Also named by ALSN, ATR, AVY, AXP, BKR, BSX, C, CDNA and 50 more

Europe

operates in · approximately $245 millionnamed as a risk
As of December 31, 2025, we have six fixed-to-fixed cross-currency swaps that are expected to provide a hedge to a portion of our European net asset position.Market risk (Item 7A)

Also named by ADSK, AME, AMRC, ATR, BCSF, BKNG, BMI, BMY and 60 more

EMEA & APAC

earns from · 60% of our Net salesnamed as a risk
For the year ended December 31, 2025, 40% and 60% of our Net sales were derived from the Americas and EMEA & APAC, respectively.Risk factors (Item 1A)

High growth markets (South America, Eastern Europe, India, Asia Pacific, Middle East)

earns from · Approximately 52% of our 2025 revenues
Approximately 52% of our 2025 revenues were derived from high growth markets, which we define as South America, Eastern Europe, India, Asia Pacific and the Middle East, and which are expected to grow at greater than twice the rate of more developed markets in North America and Europe, based on publicly available economic data from sources such as IHS Markit and the International Monetary Fund.Business (Item 1)

Also named by VLTO

Hazards

Asbestos litigation

named as a risk
Available insurance coverage, the number of future asbestos-related claims and the average settlement value of current and future asbestos-related claims of certain subsidiaries could be different than current estimates, which could materially and adversely affect our business, financial condition and results of operations.Risk factors (Item 1A)

Also named by CCK, FERG, LECO, PPG, ROK, VNT, WTS

Commodities and inputs

Steel

exposed to its pricenamed as a risk
Our principal raw materials and components for our business are steel, iron, copper and aluminum.Business (Item 1)

Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more

Copper

exposed to its pricenamed as a risk
Our principal raw materials and components for our business are steel, iron, copper and aluminum.Business (Item 1)

Also named by AAON, AGX, AMKR, APG, APH, APLD, BMI, BWA and 58 more

Aluminum

exposed to its pricenamed as a risk
Our principal raw materials and components for our business are steel, iron, copper and aluminum.Business (Item 1)

Also named by AAON, ACHR, ALSN, AYI, BA, BALL, BF/B, BWA and 59 more

Euro

exposed to its pricenamed as a risk
Sales are more highly weighted toward the Euro and U.S. Dollar.Market risk (Item 7A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Iron

exposed to its pricenamed as a risk
Our principal raw materials and components for our business are steel, iron, copper and aluminum.Business (Item 1)

Regulators

U.S. Food and Drug Administration (FDA)

subject tonamed as a risk
For example, certain of our gas control products are classified as medical devices that are subject to regulation by the United States Food and Drug Administration and under the European Union Medical Device Regulation, as well as by other federal and local governmental agencies and by certain accrediting bodies.Risk factors (Item 1A)

Also named by A, ABBV, ABT, AMGN, ARE, ARWR, ATR, AXGN and 112 more

Laws and programs

U.S. Section 232 steel and aluminum tariffs

subject to · 50% tariffsnamed as a risk
For example, in 2025, the United States expanded and increased existing tariffs on steel and aluminum, imposing 50% tariffs on steel, aluminum and products containing steel and aluminum from a range of United States trading partners.Risk factors (Item 1A)

Also named by FLS, IR, LRCX, RS, SON, VMI, WES

Russia-Ukraine war sanctions

subject to · approximately $50 million of Cash and cash equivalentsnamed as a risk
Excluding any goodwill allocation, Russia has approximately 5% of our total net assets as of December 31, 2025, including approximately $50 million of Cash and cash equivalents that may be subject to delays in withdrawing from Russia, based upon the current environment at that time.Risk factors (Item 1A)

Also named by SLB

A&R Credit Agreement

subject to · $865.0 millionnamed as a risk
The A&R Credit Agreement, which governs our term loan and revolving credit facility, contains restrictive covenants, including for example, earnings before interest, taxes, depreciation and amortization (“EBITDA”) based leverage and interest coverage ratios, that limit our ability to engage in activities that may be in our long-term interest.Risk factors (Item 1A)

OECD Pillar Two

subject tonamed as a risk
Based upon existing legislation and OECD guidance, Pillar Two could increase our future tax obligations in the countries in which we operate.Risk factors (Item 1A)

Also named by APO, BAM, BAX, BF/B, CHRW, COHR, CPNG, CRM and 45 more

One Big Beautiful Bill Act

subject tonamed as a risk
The Act also makes modifications to the interest limitation rules that may result in a material increase in the amount of carryforward interest expense under Section 163(j) and our ability to utilize the carryforward would depend on the Company’s United States EBITDA in future years.Risk factors (Item 1A)

Also named by AA, ABR, ADI, ADM, ALB, AMAT, AMGN, AMKR and 121 more

U.S. Export Administration Regulations (BIS)

subject tonamed as a risk
Some of our products manufactured or assembled in the United States are subject to the United States Export Administration Regulations, administered by the United States Department of Commerce, Bureau of Industry and Security (“BIS”), which require that an export license is obtained before such products can be exported to certain countries, and the United States Treasury Department’s Office of Foreign Assets Control’s (“OFAC”) trade and economic sanctions programs.Risk factors (Item 1A)

Also named by ADI, ALAB, AMD, APP, ARW, AVGO, CARR, CDRE and 40 more

U.S. tariffs on China

subject tonamed as a risk
These and future changes in tariffs and trade policies by the United States on imports from China or other countries, or retaliatory trade measures in response, have resulted and may continue to result in additional costs and pricing pressures, supply chain disruptions, volatile or unpredictable customer spending patterns and increased economic or geopolitical risk that we may not be able to offset or otherwise, any or all of which could adversely impact our business and relative competitive position, financial condition and results of operations, perhaps materially or in ways that we cannot predict.Risk factors (Item 1A)

Also named by CORZ, IDCC

European Union Medical Device Regulation

subject tonamed as a risk
Some of our gas control products are related to medical device products and are subject to extensive regulation by the United States Food and Drug Administration, European Union Medical Device Regulation and numerous other federal, state and foreign governmental authorities.Business (Item 1)

Also named by SYK

U.S. sanctions on Cuba and Iran

subject tonamed as a risk
With the exception of the United States’ sanctions against Cuba and Iran, the applicable sanctions generally do not prohibit our foreign subsidiaries from selling non-United States-origin products and services to countries that are or have previously been subject to sanctions.Risk factors (Item 1A)