Risk Factors Update Summary
- Sales to the oil & gas industry have shifted to general industrial markets.
- Recent inflation led to increased costs for critical raw materials like nickel.
- Labor force increased from 300 to 700 employees, impacting operating results.
- Cybersecurity threats have increased, necessitating enhanced protective measures.
- Environmental reserves increased from $7 million to $7 million in 2023.
- Total consolidated indebtedness increased from $12 billion to $12 billion in 2023.
- Defined benefit pension plans decreased from 88% to 85% funded status in 2023.
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=1018963&owner=exclude
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