Modified · Macroeconomic Factors

Beginning in 2025, the U.S. government imposed additional tariffs and trade restrictions on certain goods produced outside of the United States. In response to these actions, and certain jurisdictions in which we operate have imposed or are considering imposing tariffs and restrictions on certain goods produced in the United States. In February 2026, the U.S. Supreme Court issued a ruling that certain tariffs imposed under the International Emergency Economics Power Act (“IEEPA”) were unauthorized. During the second quarter of 2026, the Company began applying for and receiving certain refunds for tariffs previously collected under the IEEPA. We continue to monitor this dynamic situation to assesstrade-policy environment, including the potential impact of these tariffs on our business and actions we can take to minimize their impactexisting or future tariffs, trade restrictions, retaliatory measures, available refund processes and mitigation actions. Based on the information available at this timecurrently available, we do not believe the impact will be expect these matters to have a material toimpact on our 2026 results.