Company – Scrape Financial
Risk Factors Summary

Risk Factors Update Summary

  • Increased inflation and macroeconomic disruptions from the Russian invasion of Ukraine may impact operations.
  • Consolidation among key suppliers could affect energy and utilities sourcing, potentially leading to supply disruptions.
  • Loss of significant customers, with one accounting for 40% of net revenues, poses a material risk.
  • Labor shortages and increased labor costs continue to impact operations, leading to heightened employee turnover.
  • A restructuring plan approved by the Board aims to optimize manufacturing operations, potentially improving efficiency.
  • Debt levels have changed, with outstanding indebtedness decreasing from $605 million to $227 million.
  • Pension plan net asset position increased from $9 million to $61 million due to asset returns.

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=1527508&owner=exclude

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