Risk Factors Update Summary
- Three customers represented approximately 72%, 64%, and 61% of total net sales in 2023, 2022, and 2021, respectively.
- Any sudden fluctuation in demand may require quick adjustments in manufacturing inputs and outputs.
- Imposition of tariffs and changes in trade policies could increase raw material costs.
- Inventory levels in distribution channels are difficult to predict, impacting short-term results.
- Seasonal adverse weather conditions may shift sales to future periods or decrease overall sales.
- Changes in consumer spending, competitors, and product innovation affect inventory stocking decisions.
- Underutilization of investments may reduce profitability and affect returns from capital investments.
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=1069878&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.