TORO CO
Risk-factor diff
FY 2025 10-K vs. FY 2024Net-new paragraphs in the most recent 10-K's Item 1A. Companies rarely add risk language without a real reason — additions here are often a leading signal of management concerns.
“We are dependent upon our channel customers, and changes in their purchasing patterns could negatively impact sales.”
“We are dependent upon the availability and terms of credit offered to our customers, which affect purchasing behavior and could adversely impact our net sales.”
“We are dependent upon effective information systems and our domain names.”
“Our international operations expose us to currency, regulatory, and political risks that could impact our business.”
“There are risks associated with the imposition of, or changes to, tariffs, which have impacted and could further negatively impact trade between, or increase the cost of operating in, or increase the cost of or negatively impact the demand for, our products or our customers’ products in the countries in which we or our customers do business.”
Policies & disclosures
Clawback, anti-hedging, stock ownership, and related-party policies will populate from extracted proxy sections.