Risk Factors Update Summary
- Public health crises pose significant risks to business operations, financial condition, and cash flows.
- Potential impacts from health epidemics could lead to workforce disruptions, supply chain issues, and increased costs.
- Increased debt outstanding of $581 million in 2023, representing 54% of total capitalization.
- Transition from the EU-US Privacy Shield to the EU-US Data Privacy Framework may impact data transfers.
- Sales to customers outside the United States decreased from 34% to 32% of total net sales.
- Revenues and earnings are only partially hedged with foreign currency forward contracts until 2025.
- Potential disruptions in IT systems could lead to operational issues and significant costs.
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=816956&owner=exclude
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