Risk Factors Update Summary
- Closure of DeRidder Plant may result in material charges and costs differing from estimates.
- Dependent on third parties for disposal of brine, significant costs if service providers fail.
- Market risks from adverse automotive market conditions, potential impact on demand for products.
- Heavy dependence on government infrastructure spending for pavement technologies product line.
- Sales to the ten largest customers accounted for 31% of total sales in 2023.
- Implementation of new ERP system may negatively impact financial reporting if not successful.
- Exposure to risks in international sales and operations, sales outside the U.S. decreased to 37%.
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=1653477&owner=exclude
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