Risk Factors Update Summary
- Net farm income forecasted to decrease by $45.9 billion in 2024 compared to 2022.
- Gross profit margins under pressure due to rising steel prices, especially in Utility Infrastructure segment.
- Cash and cash equivalents increased from $185 million to $203 million from 2022 to 2023.
- Climate change regulations could impact operations and demand for products, affecting compliance costs.
- Steel costs impacting Transmission, Distribution, and Substation product line sales by approximately $5 million.
- Underfunded pension liability of approximately £12.1 million ($15.2 million) in 2023.
- Over $260 million of outstanding indebtedness, with $379.9 million maturing within the next five years.
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.
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