Risk Factors Update Summary
- The company appointed Kenneth Lane as President and CEO, succeeding Scott Sutton on March 18, 2024.
- Indebtedness increased from $2.58 billion to $2.67 billion, representing 54% of total capitalization.
- Sales generated outside the U.S. decreased from 39% to 33% in 2023.
- Labor agreements expiring in 2023 include one in Canada, representing approximately 1% of the global workforce.
- The company faces risks related to climate change, sustainability, and ESG regulations.
- Changes in legislation or regulations could significantly affect sales, costs, and profitability.
- Failure to comply with government contract requirements could have a material adverse effect.
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=74303&owner=exclude
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