Risk Factors Update Summary
- Addition of liabilities for which adequate insurance may not be available, including legal claims, could materially affect financials.
- Federal, state, and local tax rules may impact results of operations and financial position.
- Increase in estimated capital expenditures from $70 million to $80 million in 2024.
- Potential competitive re-bid of ISAP contract in 2025, accounting for 17% of revenues.
- Increase in outstanding borrowings under revolver from $189 million to $226 million in 2023.
- Estimated annual carrying cost of idle facilities decreasing from $32 million to $26 million.
- Potential impact of shareholder activism on strategic plan execution and trading value of common stock.
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.
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