Envista Holdings Corporation

Item 1A. Risk Factors

You should carefully consider the factors discussed in Part I, Item 1A. Risk Factors in our 2024 10-K, which could materially affect our business, financial position, or future results of operations. The risks described in our 2024 10-K are not the only r and in Part II, Item 1A. Risks we face. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial position, or future results of operations. The risk fact Factors in our Quarterly Report on Form 10-Q for set forth below updates, and should be read together with, the risk factors described in our 2024 10K.

Significant developments or uncertainties stemming from trade policies and regulations could have an adverse effect on our business.

Trade policies and disputes at times result in increased tariffs, trade barriers, and other protectionist measuresthe quarter ended March 28, 2025 (Q1 10-Q), which can increase ourould manufacturing costs, make our products less competitive, reduce demand for our products, limit our ability to sell to certain customers, limit oterially affect our ability to procure components or raw materialbusiness, or impede or slow the movement of our goods across borders. Increasing protectionism and economic nationalism may lead to further changes in trade policies and regulations, domestic sourcing initiativesfinancial position, or other formal and informal measures that could make it mofuture difficult to sell our products in, or restrict our access to certain markets.

In particular, trade tensions between the U.S. and China have led to increased tariffs and trade restrictions. The U.S. has recently significantly increased tariffs on products imported from China into the U.S. and implemented new tariffs on imports into the U.S. from other countries, particularly from Canada and Mexico. In response to these proposed tariffs, some foreign countries, including China, have instituted retaliatory tariffs, which impact oresults of operations. The risks described in our products, while other countries have threatened retaliatory tariffs on certain U.S. products.

As of the date of this Quarterly Report on Form 2024 10-K and Q1 10-Q, discussions remain ongoing in respect of such trade restrictions and tariffs as well as retaliatory tariffs enacted in response to such actions. In light of these events, there continues to exist significant uncertainty about the future relationship between the U.S. and other countrieare not the only risks with respect to such trade policies, treaties, and tariffs and it is difficult to predict what further trade-related actions governments may take, and we may be unable to quickly and effectively react to or mitigate such actions.

e face. Additionally, in connection with the ongoing conflict between Russia and Ukraine, governments including the U.S., United Kingdom,  risks and those of the European Union have imposed export controls on cuncertain products and financial and economic sanctions on certain industry sectors and parties in Russia which has triggered retaliatory sanctions by the Russian government and its allies. Russia also imposed significant currency control measures aimed at restricting the outflow of foreign currency and capital from Russia. Although these export controls and sanctions did not have a material impact on our financial position or results of operations as of and for the three months ended March 28, 2025, the outcome and future impacts of the conflict and governmties not currently known to us or that we currental responses thereto remain highly uncertain. Existing and future sanctions may have broad and pervasive impactsly deem to the global economy and our operations, which could materially and adversely affect our business and results of operations.

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We cannot predict whether additional U.S. and foreign custobe imms quotas, duties (including antidumping or countervailing duties), tariffs, taxes or other charges or restrictions, requirements as to where raw materials must be purchased or other restrictions on our imports will be imposed in the future or adversely modified, whether retaliatory tariffs and trade measures will be imposed by other countries on U.S. exports, or what effect such actions would have on our costs of operations. Existing and future quotas, duties or tariffs may adverseaterial also may materially affect our business, financial condition, results of operations or cash flows. Future trade agreements could also provide our competitors with an advantage, or increase our costs, either of which could adverseldversely affect our business, financial condition, results of operations or cash flows. Furthermore, trade disputes and protectpositionist measures, or continued uncertainty about such matters, could result in declining consumer confidence and slowing economic growth or recession, and could cause our customers to reduce, cancel, or alter the timing of their purchases. Sustained geopolitical tensions could lead to long-term changes in global trade and supply chains, and decoupling of global trade networks, which could have a material adverse effect on our business, result of ofuture results of operations and growth prospects.

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