Risk Factors Update Summary
- The Company's principal raw materials are steel, aluminum, and resins, with glass for greenhouse roofing systems. The availability and pricing of raw materials can be volatile due to factors beyond the Company's control.
- The Company's ten largest customers accounted for approximately 41%, 37%, and 38% of net sales during 2022, 2023, and 2021, respectively.
- Legislative changes provide a 30% Investment Tax Credit for projects started before specific dates, impacting demand for the Company's products.
- The Company's ability to make scheduled payments on future debt obligations depends on its outstanding indebtedness, which is currently $91.0 million.
- The Company faces risks related to legal and regulatory matters, including product liability claims and compliance with environmental, health, and safety laws.
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=912562&owner=exclude
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