Risk Factors Update Summary
- Housing starts estimated to decrease from 42 million in 2023 to 37 million in 2024.
- Mortgage interest rates significantly impacted by Federal Reserve policies, leading to rising rates.
- Commercial building starts expected to decrease by 2% in 2023, with institutional building starts increasing by 3%.
- Goodwill and intangible assets increased to $667 million in 2023, representing 34% of total assets.
- Cybersecurity threats pose a risk to operations, with ongoing investments in protections and monitoring.
- Data privacy and security regulations, including California Senate Bills 253 and 261, impacting operations.
- Potential increased costs due to regulations phasing out hydrofluorocarbon blowing agents in spray foam applications.
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=1580905&owner=exclude
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