Risk Factors Update Summary
- Net sales to GE and subsidiaries decreased from 57% to 49% of total sales.
- Aerospace backlog increased from $904 million to $1,020 million, with $759 million attributable to Aerospace.
- Goodwill increased from $835 million to $1,183 million, with no additional impairment as of December 31, 2023.
- Year-end backlog increased from $1,257 million to $1,529 million, with $1,257 million attributable to Aerospace.
- Intellectual property infringement monitoring costs increased, impacting business operations and financial condition.
- Consolidated debt obligations increased from $571.1 million to $1,290.8 million, representing 49% of total capital.
- Number of employees increased from 5,200 to 6,500 worldwide, with 20% covered by collective agreements.
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.
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