Risk Factors Update Summary
- Vernova accounted for 35% of total net sales in 2023, a decrease from 36.2% in 2022.
- Manufacturing facilities in Mexico and Türkiye experienced minimum wage increases of 20% and 55%.
- The company is exploring strategic alternatives to fund its automotive business, expecting completion by June 30, 2024.
- The company issued $132.5 million convertible senior unsecured notes due in 2028 in March 2023.
- The company's capital expenditures in 2023 were $36.1 million, an increase from $18.8 million in 2022.
- The company's outstanding options to purchase shares decreased from 1,180 in 2022 to 971 in 2023.
- The company's workforce in Matamoros, Mexico decreased from 37% in 2022 to 35% 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=1455684&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.