Risk Factors Update Summary
- Elevated supply chain constraints affecting some customers in 2023, with material cost inflation.
- Continuing inflationary pressures on wages and benefits, expecting certain inflationary cost pressures in 2024.
- Increased net sales from various end markets, with PACCAR Inc. accounting for 14.9% in 2023.
- Credit Agreement increased to $250,000,000 with additional availability of incremental facilities up to $100,000,000.
- Reduced ownership by employees from 45% to 36% in 2023.
- Capital expenditures exceeding $35.0 million in any fiscal year, with $147 million outstanding under the revolving credit facility.
- Emerging growth company exemptions from various reporting requirements, affecting stock attractiveness and trading market volatility.
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=1766368&owner=exclude
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