Risk Factors Update Summary
- Expanded to 16 countries from 15, serving various markets including data center, HVAC, and vehicular markets.
- Total outstanding indebtedness increased to $432 million from $353 million as of March 31, 2023.
- Supply chain challenges and inflationary market conditions experienced in fiscal 2023 improved.
- Added acquisitions to accelerate strategic growth, including Napps, TMGcore, and Scott Springfield.
- Military conflicts in Ukraine and the Middle East could negatively impact global markets.
- Increased competition and challenges in maintaining competitive cost structures and technology advantage.
- Increased focus on ESG-related risks and evolving regulatory requirements for sustainability performance.
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=67347&owner=exclude
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