Risk Factors Update Summary
- Top ten customers represented approximately 52% in 2024 and 55% in 2023.
- Decrease in employees from 3,000 to 2,900, with 2,800 full-time and 100 seasonal.
- Transitioned to BPANI for canned products, with less than 1% volume still including BPA.
- Outstanding balance on revolving credit facility decreased from $180.6 million to $237.2 million.
- Beneficial ownership by current executive officers and directors increased from 74% to 75%.
- LIFO reserve increased from $264.5 million to $324.8 million, affecting income taxes.
- Potential repeal of LIFO could result in payment of $79.1 million in deferred taxes.
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=88948&owner=exclude
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