Risk Factors Update Summary
- Sales decreased from 80% to 78% of net sales in the U.S.
- Challenges in global logistics networks have led to delays, increased costs, and supply shortages.
- The Organization for Economic Co-operation introduced a new global minimum corporate tax of 15%.
- Recent inflation increases could adversely affect operations, especially with interest rates high.
- Failure to meet demand for components and raw materials could adversely affect business operations.
- Net sales to customers in 2022 were 22%, decreasing to 20% in 2023.
- Sharp increases in demand post-pandemic have disrupted the global supply chain.
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=277509&owner=exclude
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