Risk Factors Update Summary
- Sales to top ten customers increased from 58% to 60%, with one customer decreasing from 13% ($103 million) to 5% ($91 million).
- Sulfuric acid volume under expiring contracts decreased from 30% to 20% by the end of 2024.
- Patented inventions decreased from 197 to 175 in the U.S. and from 40 to 61 worldwide.
- Total reserves for environmental remediation increased, impacting potential costs and financial performance.
- Unionized employees globally decreased from 890 to 911, with 44% represented by a union.
- Asbestos premises liability claims related to exposure decreased, impacting potential liabilities.
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=1708035&owner=exclude
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