Risk Factors Update Summary
- Sales to top 10 customers increased from 31% to 39% of net sales in 2023.
- Magnesium deliveries ceased in late 2022, not expected to resume until the end of 2024.
- Net assets increased by $7.3 million in 2023, compared to a decrease of $13.2 million in 2022.
- Exchange rate movements positively impacted net sales by $2 million in 2023, compared to $15 million decrease in 2022.
- Operating profit from U.K. operations increased from $6.4 million in 2022 to $8 million in 2023.
- Indebtedness under senior notes decreased from $50 million to $25 million in 2023.
- Aggregate accounting deficits for defined benefit plans decreased from $4.5 million to $0.1 million in 2023.
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=1096056&owner=exclude
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