Risk Factors Update Summary
- Increased labor costs due to collective bargaining agreements covering 470 employees, up from 200.
- Worthington Enterprises, Inc. separated into two companies, one with Steel Processing and the other with Consumer Products.
- Collective bargaining agreements covering two U.S. plants expiring in 2024, up from 2023.
- Unfunded U.S. postretirement plan liabilities decreased from $61 million to $47 million as of December 31, 2023.
- Repurchases program increased from $150 million to $1,200 million for outstanding shares of common stock.
- Number of employees covered by collective bargaining agreements increased from 200 to 470.
- Sales generated through international trade in Canada and Latin America are subject to currency exchange fluctuations.
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=7431&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.