Risk Factors Update Summary
- The company's outstanding debt increased from $360 million to $455 million as of December 31, 2023.
- The largest customer now comprises 9.5% of total revenue, up from 8% in 2022.
- Changes in the pricing environment during economic downturns may impact ability to obtain price increases.
- Labor unions may attempt to organize employees, potentially leading to unfavorable economic conditions.
- The company's goodwill decreased from $630 million to an unspecified amount as of December 31, 2023.
- Historical financial information pre-Separation may not be indicative of future results.
- The Separation could lead to operational difficulties and losses if expected benefits are not achieved.
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=1929561&owner=exclude
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