Risk Factors Update Summary
- Material and other input costs decreased from 2022 levels, primarily in Packaging segment. This change might result in improved profit margins.
- Raw material purchases include resins, steel, aluminum, and superalloys, each experiencing recent cost volatility.
- Goodwill and intangible assets increased to $544 million, representing 6% of total assets.
- Claims pending decreased from 45 to 33, with specific damages sought in some cases.
- Outstanding long-term debt increased to $395.7 million, with interest rates subject to benchmark rates.
- Rental expense under operating leases increased from $13.9 million to $14.9 million.
- Facilities outside the U.S. decreased from five to four, potentially impacting competitive position.
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=842633&owner=exclude
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