Risk Factors Update Summary
- Sales originating in Europe accounted for 32% of net sales in 2023, down from 35% in 2022.
- Undertook efforts to offset increased costs through pricing actions, but cannot eliminate all exposure to inflationary pressure.
- Experienced disruptions, actively working to integrate the M & M Business and its systems.
- Closed Polyamide 66 and HPN polymerization units, resulting in charges in fiscal 2023 and expected charges in fiscal 2024.
- Increased exposure to non-U.S. laws and regulations post-M & M Acquisition, leading to compliance risks.
- Potential product liability risks in various sectors could lead to fines, penalties, and restrictions.
- Changes in tax legislation globally could impact financial statement income and tax attributes.
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=1306830&owner=exclude
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