Risk Factors Update Summary
- Continuing resolutions (CRs) allow federal government operations to continue without final appropriations, affecting funding stability.
- A change in the final fiscal year 2024 budget and the Fiscal Responsibility Act reduction may impact financial results.
- A shift in revenue sources, with 13% in fiscal 2023 from consolidated joint ventures.
- Operating income from equity in unconsolidated joint ventures fluctuated, impacting financial performance.
- Increase in total backlog to $8.6 billion, with $4.5 billion funded, reflecting future revenue.
- Fluctuations in quarterly operating results may lead to stock price volatility.
- ESOP ownership changes, with 57-61% of outstanding common stock and voting power held.
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.
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