Risk Factors Update Summary
- Increased competition in equipment dealership and rental industries may negatively impact revenues and profitability.
- Evolving cybersecurity risks threaten IT systems and Confidential Information, with increased incidents and vulnerabilities.
- Despite a year-over-year decrease, sales order backlog remains strong, with approximately 2% of U.S. hourly sales.
- Each one basis point change in interest rates could impact interest expense by approximately $1.5 million per year.
- Average age of rental equipment increased from 2.5 to 3 years, impacting wear and tear.
- Variable rate debt outstanding under the ABL Facility and floor plan financing increased from $437.7 million to $1,214.7 million.
- Total indebtedness decreased from $1,394 million to $1,517 million, with changes in various debt obligations.
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=1709682&owner=exclude
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