Risk Factors Update Summary
- Decrease in outstanding debt from $931 million to $974 million in 2023.
- Reduction in top three customers' revenue contribution from 46% to 45% in 2023.
- Change in goodwill and intangible assets from $1.8 billion to $1.1 billion in 2023.
- Increased effective income tax rate from 14.0% in 2022 to 15.5% in 2023.
- Fluctuation in effective income tax rate from 8.0% in 2021 to 15.5% in 2023.
- Market exposure change from 45% to 44% of sales in the U.S. for 2023.
- Change in estimated debt service obligations from approximately $78 million to $44 million for 2024.
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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