Risk Factors Update Summary
- Backlog increased from $1.0 billion to $1.3 billion in expected future revenues.
- O & M backlog increased from $1.1 billion to $1.2 billion in expected future revenues.
- Demand for service and project offerings increased, impacting labor, equipment, and costs.
- Liquidated damages risk with SCE projects due to force majeure claims and milestone obligations.
- Potential impact on financial condition due to loss of business from SCE and liquidated damages.
- Increased costs and challenges due to global supply chain delays and geopolitical tensions.
- Uncertainty in regulatory environment could impact tax incentives and effective tax rate.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1488139&owner=exclude
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