Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Revenue from the U.S. government decreased from 61% to 58% of total consolidated revenues.
  • Increased competition and pricing pressures for additional U.S. government contract awards may lead to reduced margins.
  • The backlog of unfilled orders increased from $15.6 billion to $17.3 billion.
  • The percentage of female executives in the Executive Leadership Team decreased from 25% to 22%.
  • Transitioning from LIBOR to SOFR in the Senior Credit Facility could impact future performance unpredictably.
  • The total number of employees increased from approximately 30,000 to 34,000.
  • The percentage of ethnic or racial minority directors on the Board decreased from 30% to 22%.
  • Defined benefit pension plans show a funding deficit of approximately $20 million from 2022 to 2023.
  • The percentage of female directors on the Board increased from 30% to 33%.
  • The percentage of ethnic or racial minority executives in the Executive Leadership Team decreased from 11% to 8%.

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=1357615&owner=exclude

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