Risk Factors Update Summary
- Revenue growth decreased from 23% to 13% in 2023, impacting diluted earnings per share.
- Under the OECD's global tax reform, a global minimum corporate tax rate of 15% was agreed upon.
- Sales reliance on China increased from 52% to 58% in 2023, posing significant risk.
- ICL sales growth decreased from 27% to 18% in 2023, impacting total sales.
- A slowdown in the Chinese economy could materially impact business results in 2024.
- The continuing strengthening of the U.S. dollar negatively impacts financial results.
- Revenue generated from ICL lenses increased from 95% to 99% in 2023.
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=718937&owner=exclude
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