What Fortive Corporation told the SEC could break it.

Manufacturing uses a wide range of raw materials — electronic components, steel, plastics/petroleum-based products, aluminum and copper — and oil/gas prices affect freight and utility costs.

“Our manufacturing operations employ a wide variety of raw materials, including electronic components, steel, plastics and other petroleum-based products, aluminum, and copper. Prices of oil and gas affect our costs for freight and utilities.”

Tariffs raise costs on materials/components Fortive imports into the US; significant uncertainty remains over US-China trade policy, including post-IEEPA-ruling actions that could reimpose similar tariffs.

“In particular, there continues to be uncertainty about U.S. foreign trade policy with respect to China, including any changes to the trade policies that have been adopted, and that may result from the IEEPA Ruling, including any alternative legislative or executive actions that may be adopted to reimpose similar tariffs.”

Although no single supplier is material by spend, some components requiring particular specifications or qualifications depend on a single or limited number of suppliers; reliance on sole/limited sources could cause production interruptions and delays.

“Based on allocation of annual spend among our various suppliers, no single supplier is material. However, some components that require particular specifications or qualifications are dependent on a single supplier or a limited number of suppliers that can readily provide such components.”