Item 1A. Risk Factors
Item 1A: Risk Factors
Other than the risk factor noted below, there have been no material changes in the Company's risk factors from those set forth in the Company's Annual Report on Form 10-K for the year ended May 31, 2025.
Our business is exposed to risks related to the current and potential future conflicts in the Middle East
Current and potential future developments related to the conflicts in the Middle East have had, and could continue to have, a broader impact on the global markets in which we do business. These conflicts are expected to cause decreased sales within the region, disruptions in our supply chain, and broader inflationary and macroeconomic effects.
In particular, continued or intensifying conflicts in the Middle East are expected to limit our ability to serve customers within the broader region, cause disruption to global supply chains, increase volatility in energy prices, and create constraint on the availability of petroleum based products, which may increase costs of raw materials, including manufacturing, transportation, and distribution inputs.
The duration, severity, and ultimate impact of these conflicts, as well as any resulting geopolitical instability, cannot be predicted with any reasonable degree of certainty. Accordingly, the extent to which these events may continue to affect our business, financial condition, results of operations, cash flows, and operational strategies remain uncertain, and such effects could be material.
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