⚠ AI Risk Brief Interpretation layer — deterministic data below

Two removed risks offset twenty modified ones; net exposure increased through deeper geopolitical, climate, and operational complexity.

Direction ↑ More concerning

ThemesChina & Geopolitical Exposure Climate & ESG Cybersecurity

Classification is based on semantic text similarity scoring and may include approximations. “No match” means no high-confidence textual match was found — not necessarily that a section was removed.

🔴 No Match in Current Filing Disclosure change7/10

We may not realize some or all the expected benefits and synergies from our acquisition of Evoqua.

This section from the 2025 filing does not have a high-confidence textual match in the 2026 filing. It may have been removed, merged, or substantially reworded.

On May 24, 2023, we completed the acquisition of Evoqua. The success of this acquisition will depend, in part, on our ability to realize the anticipated benefits from combining our and Evoqua’s businesses. We have and continue to devote substantial management attention and…

View 2025 text

On May 24, 2023, we completed the acquisition of Evoqua. The success of this acquisition will depend, in part, on our ability to realize the anticipated benefits from combining our and Evoqua’s businesses. We have and continue to devote substantial management attention and resources to the integration of the combined company’s business practices and operations so that we can fully realize the anticipated benefits of the acquisition, including cost and revenue synergies. Nonetheless, difficulties may arise that could impede our ability to achieve the anticipated synergies, including the loss of key talent that may be difficult to replace or our ability to maintain and expand relationships with customers, partners or suppliers. As a result, the anticipated benefits of the acquisition may take longer to realize, may not be fully realized, or may cost more than expected, which could materially and adversely affect our business, results of operations or financial condition, as well as adversely impact our share price.

🟡 Modified Geopolitical, regulatory, economic, foreign exchange and other risks associated with our global sales, supply chain and operations may adversely affect our business. 🔒

🟡 Modified Sustainability-related laws, regulations, targets and objectives, and stakeholder expectations expose us to numerous risks. 🔒

🔴 No Match in Current Filing Our pension and other defined benefit plans are subject to regulatory and financial market risks. 🔒

And 18 more changes in the full comparison.

21 more changes in this filing

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