Astec Industries (ASTE) FY2025 10-K Risk Factors: 112 New, 28 Dropped

What the changes say

Astec Industries added detailed 2025 financial disclosures, audit opinions, and accounting data, replacing generic risk factor discussions with raw financial statements.

What changed since the prior 10-K

New

New
Recent Accounting Changes and Pronouncements
The company has $341.3 million in term loan debt under its 2025 Credit Facilities, meaning a 100 basis point interest rate increase impacts annualized expense by $3.5 million.
New
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
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Opinions on the Financial Statements and Internal Control over Financial Reporting
Management excluded newly acquired TerraSource from internal control assessments, which accounted for 23.8% of total assets, 6.0% of revenues, and -7.0% of net income in 2025.
New
Definition and Limitations of Internal Control over Financial Reporting
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Critical Audit Matter Description
Auditors identified equipment storage contracts where revenue is recognized upon completion of production prior to physical transfer as a critical audit matter.
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How the Critical Audit Matter Was Addressed in the Audit
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Commitments and contingencies (Note 16)
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Income from operations 65.9 23.2 48.6
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Net income attributable to controlling interest $ 38.8 $ 4.3 $ 33.5
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Net income $ 38.8 $ 4.1 $ 33.7
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Distributions to deferred compensation programs' participants (1.1) (1.1) (1.8)
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Net cash provided by operating activities 61.4 23.0 27.8
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Supplemental Cash Flow Information
New
Capital expenditures in accounts payable $ 0.5 $ 1.0 $ 1.5
New
Dividends ($0.52 per share)
New
Basis of Presentation and Principles of Consolidation
New
Cash, Cash Equivalents and Restricted Cash - All highly liquid investments with an original maturity of three months or less when purchased are considered to be cash equivalents. The Company maintains cash balances with high credit quality institutions, the balances of which may exceed federally insured limits
New
The Company held notes and other receivables, net totaling $4.5 million and $3.3 million as of December 31, 2025 and 2024, respectively in "Trade receivables, contract assets and other receivables, net" in the Consolidated Balance Sheets
New
Inventories - The Company's inventory is comprised of raw materials and parts, work-in-process, finished goods and used equipment
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Finished goods inventory consists of completed equipment manufactured for sale to customers
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The Company does not recognize ROU assets or lease liabilities for leases with a term of 12 months or less
New
qualitative assessment indicates that it is more likely than not that a reporting unit's fair value is less than its carrying amount, the Company will perform a quantitative test
New
For workers' compensation claims, the captive is liable for the first $0.35 million per occurrence. The Company utilizes a large national insurance company as third-party administrator for workers' compensation claims and carries insurance coverage for claims liabilities in excess of amounts covered by the captive
New
Accumulated Other Comprehensive Loss - Accumulated other comprehensive loss is comprised of foreign currency translation adjustments of $40.6 million and $51.1 million as of December 31, 2025 and 2024, respectively
New
The Company had orders totaling approximately $29.5 million, $24.5 million and $16.0 million in 2025, 2024 and 2023, respectively, on which revenue was recorded over time based upon the ratio of costs incurred to estimated total costs
New
Advertising Expense - The cost of advertising is expensed as incurred. The Company incurred $2.3 million, $2.1 million and $1.8 million in advertising costs during 2025, 2024 and 2023, respectively, which are included in "Selling, general and administrative expenses" in the Consolidated Statements of Operations
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Denominator for basic earnings per share 22,873,536 22,799,071 22,719,900
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Related Party Transactions - The Company had no material related party transactions during the years ended December 31, 2025, 2024 and 2023
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Recently Adopted Accounting Pronouncements
New
Recently Issued Accounting Pronouncements Not Yet Adopted
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Aggregate purchase consideration 252.6
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Total assets acquired 248.6
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Pro Forma Financial Information
New
Net income (loss) $ 42.1 $ (19.4)
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5. Fair Value Measurements
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Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities
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Level 3 - Unobservable inputs that reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date
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(in millions) Level 1 Level 2 Total
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Total financial assets $ 13.2 $ 10.0 $ 23.2
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Total financial assets $ 12.6 $ 9.3 $ 21.9
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Total $ 21.8 $ 0.5 $ 0.4 $ 21.9
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Management performed a qualitative assessment for the annual tests of goodwill impairment performed on October 1, 2025, 2024 and 2023 and concluded that there was no impairment of goodwill
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(in millions) Infrastructure Solutions Materials Solutions Total
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$ (1.2) $ (20.1) $ (21.3)
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Amortization expense on intangible assets was $13.6 million, $4.8 million and $5.5 million for 2025, 2024 and 2023, respectively
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9. Property and Equipment
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The Company records its operating lease ROU assets in "Other long-term assets" and its operating lease liabilities in "Other current liabilities" and "Other long-term liabilities". As of December 31, 2025 and 2024, the Company did not have any finance leases
New
Weighted average discount rate used in calculating right-of-use asset 5.58 % 5.04 %
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The obligations of the Company in respect of the 2025 Credit Facilities are secured and are guaranteed by the U.S. domestic subsidiaries of the Company, subject to customary exceptions
New
12. Product Warranty Reserves
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13. Accrued Loss Reserves
New
Supplemental Executive Retirement Plan
New
Deferred Compensation Plan
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Total $ 5.9 $ 6.7 $ 5.6 $ 6.1
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The income tax disclosures that follow are inclusive of the requirements set forth in ASU 2023-09, Income Taxes (Topic 740), which the Company adopted on a prospective basis
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Income before income taxes $ 53.1 $ 13.9 $ 42.8
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(in millions) 2025 2024 2023
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The Company's "Income tax provision" is computed based on the domestic and foreign federal statutory rates and the average state statutory rates, net of related federal benefit
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(2) Calculation includes the impact of a rounding adjustment
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Total income tax provision $ 9.8 $ 9.1
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Total cash paid for taxes $ 19.7
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Total deferred tax assets 63.8 64.6
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Total net deferred assets $ 18.6 $ 43.4
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Allowance balance, end of year $ 17.1 $ 12.4 $ 12.5
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Balance, end of year $ 14.1 $ 16.8 $ 13.0
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16. Commitments and Contingencies
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Previously Settled Matters
New
17. Share-Based Compensation
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Restricted Stock Units ("RSUs")
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Unvested as of December 31, 2025 309 $ 37.45
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Performance Stock Units ("PSUs")
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(1) The vested PSUs presented are based on the target amount of the award. In accordance with the terms of the underlying award agreements, no shares were earned and distributed for the performance period ended during 2025
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Fair value of awards vested and issued (2)
New
Deferred Stock Units ("DSUs")
New
Total domestic revenue 800.5 329.7 1,130.2
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Total domestic revenue 783.1 232.3 1,015.4
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Total domestic revenue 748.7 334.7 1,083.4
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Total net sales $ 800.4 $ 537.8 $ 1,338.2
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19. Operations by Industry Segment and Geographic Area
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Segment Information: The accounting policies of the reportable segments are the same as those described in Note 2, Basis of Presentation and Significant Accounting Policies. Intersegment sales and transfers between foreign subsidiaries are valued at prices comparable to those for unrelated parties
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Total revenues - reportable segments $ 893.4 $ 557.9 $ 1,451.3
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Reportable Segment Operating Adjusted EBITDA $ 134.3 $ 55.6 $ 189.9
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Capital expenditures 25.1 6.1 31.2
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(2) Inventory period costs primarily relate to inventory reserves and adjustments and net scrap sales
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Total revenues - reportable segments $ 885.7 $ 474.7 $ 1,360.4
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Reportable Segment Operating Adjusted EBITDA $ 121.5 $ 37.2 $ 158.7
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Capital expenditures 15.0 5.2 20.2
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Total revenues - reportable segments $ 838.2 $ 538.8 $ 1,377.0
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Reportable Segment Operating Adjusted EBITDA $ 102.4 $ 50.7 $ 153.1
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Capital expenditures 24.8 8.9 33.7
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(3) Other segment items consists of foreign exchange gains and losses, investment income and loss and other income and expense amounts that are included in Segment Operating Adjusted EBITDA that are not considered to be significant segment expenses
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Total capital expenditures $ 40.7 $ 20.5 $ 34.1
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Total consolidated sales $ 1,410.4 $ 1,305.1 $ 1,338.2
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20. Other Income and Expenses, net
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21. Strategic Transformation and Restructuring, Impairment and Other Asset (Gains) Charges, net
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(1) Amortization of capitalized implementation costs is recorded in "Selling, general and administrative expenses" in the Consolidated Statements of Operations
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Total asset impairment charges — — 1.2
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Restructuring, impairment and other asset (gains) charges, net $ (0.4) $ 8.4 $ 5.8
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Total restructuring related (gains) charges, net $ (0.2) $ 9.5 $ 7.7
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Total impairment charges $ — $ — $ 1.2
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Total gain on sale of property and equipment, net $ (0.2) $ (1.1) $ (3.1)
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The Company has evaluated all events subsequent to the balance sheet date as of December 31, 2025 through the date of issuance of these consolidated financial statements and has determined that, except as set forth below, there are no subsequent events that require disclosure
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Evaluation of Disclosure Controls and Procedures
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Management's Report on Internal Control over Financial Reporting
New
Changes in Internal Control over Financial Reporting
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ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
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ITEM 11. EXECUTIVE COMPENSATION
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ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER MATTERS
New
ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES
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(a)(2) Financial Statement Schedules are not filed with this Report because the Schedules are either inapplicable or the required information is presented in the Consolidated Financial Statements or Notes thereto
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Cover page from the Company's Annual Report on Form 10-K for the year ended December 31, 2025, formatted in iXBRL (included in Exhibit 101)
New
Jaco van der Merwe, President and Chief Executive Officer

Dropped

Dropped
Downturns in the general economy or decreases in government infrastructure spending or commercial and residential construction spending may adversely affect our revenues and operating results
General economic downturns and infrastructure spending changes could decrease revenues and results.
Dropped
A decrease or delay in government funding of highway construction and maintenance may cause our revenues and profits to decrease
Dependence on government funding of highway construction and maintenance programs.
Dropped
The cyclical nature of our industry and the product mix of the equipment we sell may cause adverse fluctuations to our revenues and operating results
Cyclical nature of road and utility construction projects affecting equipment demand.
Dropped
Changes in interest rates and the lack of credit and third-party financing arrangements for our customers could reduce demand for our products
Higher interest rates and lack of customer financing reducing equipment demand.
DroppedMarket Condition Risks
Competition could reduce revenue from our products and services and cause us to lose market share, and our ability to compete in international jurisdictions is dependent upon trade policies, which are subject to change
Competition from domestic and international rivals with greater resources.
DroppedMarket Condition Risks
Our operations in foreign countries, and continued expansion into additional international markets, could expose us to risks inherent in doing business outside of the United States
Risks inherent in international expansion and foreign operations.
DroppedMarket Condition Risks
Our ability to understand our customers' specific preferences and requirements, and to develop, manufacture and market products that meet customer demand as we expand into additional international markets, could significantly affect our business results
Understanding diverse global customer preferences across international markets.
DroppedMarket Condition Risks
Our international sales and associated operating results are subject to currency exchange risk
Foreign currency exchange rate fluctuations affecting international sales and earnings.
DroppedMarket Condition Risks
Our profitability may be negatively affected by changes in the availability and price of certain parts, components and raw materials
Availability and price volatility of component parts and raw materials like steel.
DroppedMarket Condition Risks
We may be adversely affected by any natural or man-made disruptions to our distribution and manufacturing facilities, as well as disruptions and equipment-related issues
Natural or man-made disruptions to manufacturing and distribution facilities.
DroppedStrategic Performance Risks
We may not fully sustain targeted performance improvements and other benefits realized from our OneASTEC business model
Execution risks regarding performance improvements from the OneASTEC business model.
DroppedStrategic Performance Risks
Failure to successfully complete restructuring activities could negatively affect our operations
Restructuring activities and business divestitures causing distractions and expenses.
DroppedStrategic Performance Risks
As part of our growth strategy, we may pursue acquisitions in the future and may not be successful in completing such acquisitions on favorable terms or be able to realize the anticipated benefits from such acquisitions
DroppedFinancial Risks
We may be unsuccessful in complying with the financial ratio covenants or other provisions of our credit agreement
DroppedFinancial Risks
We are subject to income taxes in the United States and certain foreign jurisdictions, and changes to the tax codes, effective tax rates and accounting principles related thereto could negatively impact our results of operations
DroppedFinancial Risks
We may not be able to adequately manage the risks associated with our products and systems, including increased warranty costs
DroppedFinancial Risks
Goodwill is subject to impairment assessments at least annually (or more frequently when events or changes in circumstances indicate that impairment may have occurred). Other intangible assets are subject to impairment assessments if conditions exist that indicate the carrying value may not be recoverable
DroppedHuman Capital Risks
Our performance could suffer if we cannot maintain our culture as well as attract, retain and engage our employees
DroppedHuman Capital Risks
Failure to retain our key personnel or attract additional key personnel as required and the impact of our recent leadership changes may adversely impact our ability to implement our business plan and our results of operations could be materially and adversely affected
DroppedLegal, Regulatory and Compliance Risks
We are subject to an ongoing risk of product liability claims and other litigation arising in the ordinary course of business
DroppedLegal, Regulatory and Compliance Risks
We are subject to significant governmental regulation and if we fail to comply with such regulation or if we become subject to increased regulation, we may incur significant costs related to penalties, remedial measures or increased compliance requirements
DroppedLegal, Regulatory and Compliance Risks
sanctions, remedial measures, legal expenses and reputational damage, all of which could have an adverse impact on our business, financial condition, results of operations and liquidity
DroppedLegal, Regulatory and Compliance Risks
We are subject to a variety of legal proceedings, the outcome of which may be unfavorable to us
DroppedLegal, Regulatory and Compliance Risks
Environmental, Social and Governance risks could adversely affect our reputation and shareholder, employee, customer and third party relationships and may negatively affect our stock price
DroppedLegal, Regulatory and Compliance Risks
If we are unable to protect our proprietary technology from infringement or if our technology infringes technology owned by others, then the demand for our products may decrease or we may be forced to modify our products, which could increase our costs
DroppedLegal, Regulatory and Compliance Risks
Our operations may be adversely affected by any disruption in our information technology systems
DroppedLegal, Regulatory and Compliance Risks
Security breaches and other disruptions to our information technology infrastructure amid a general worldwide increase in threats and more sophisticated and targeted cybercrime could compromise our and our customers' and suppliers' information, which could expose us to liability and damage our reputation
DroppedLegal, Regulatory and Compliance Risks
We may not be able to successfully implement our new enterprise resource planning system

All 112 risk factors

Headings as the filing states them, in filing order.

Other

01Recent Accounting Changes and PronouncementsNew
02ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATANew
03Opinions on the Financial Statements and Internal Control over Financial ReportingNew
04Definition and Limitations of Internal Control over Financial ReportingNew
05Critical Audit Matter DescriptionNew
06How the Critical Audit Matter Was Addressed in the AuditNew
07Commitments and contingencies (Note 16)New
08Income from operations 65.9 23.2 48.6New
09Net income attributable to controlling interest $ 38.8 $ 4.3 $ 33.5New
10Net income $ 38.8 $ 4.1 $ 33.7New
11Distributions to deferred compensation programs' participants (1.1) (1.1) (1.8)New
12Net cash provided by operating activities 61.4 23.0 27.8New
13Supplemental Cash Flow InformationNew
14Capital expenditures in accounts payable $ 0.5 $ 1.0 $ 1.5New
15Dividends ($0.52 per share)New
16Basis of Presentation and Principles of ConsolidationNew
17Cash, Cash Equivalents and Restricted Cash - All highly liquid investments with an original maturity of three months or less when purchased are considered to be cash equivalents. The Company maintains cash balances with high credit quality institutions, the balances of which may exceed federally insured limitsNew
18The Company held notes and other receivables, net totaling $4.5 million and $3.3 million as of December 31, 2025 and 2024, respectively in "Trade receivables, contract assets and other receivables, net" in the Consolidated Balance SheetsNew
19Inventories - The Company's inventory is comprised of raw materials and parts, work-in-process, finished goods and used equipmentNew
20Finished goods inventory consists of completed equipment manufactured for sale to customersNew
21The Company does not recognize ROU assets or lease liabilities for leases with a term of 12 months or lessNew
22qualitative assessment indicates that it is more likely than not that a reporting unit's fair value is less than its carrying amount, the Company will perform a quantitative testNew
23For workers' compensation claims, the captive is liable for the first $0.35 million per occurrence. The Company utilizes a large national insurance company as third-party administrator for workers' compensation claims and carries insurance coverage for claims liabilities in excess of amounts covered by the captiveNew
24Accumulated Other Comprehensive Loss - Accumulated other comprehensive loss is comprised of foreign currency translation adjustments of $40.6 million and $51.1 million as of December 31, 2025 and 2024, respectivelyNew
25The Company had orders totaling approximately $29.5 million, $24.5 million and $16.0 million in 2025, 2024 and 2023, respectively, on which revenue was recorded over time based upon the ratio of costs incurred to estimated total costsNew
26Advertising Expense - The cost of advertising is expensed as incurred. The Company incurred $2.3 million, $2.1 million and $1.8 million in advertising costs during 2025, 2024 and 2023, respectively, which are included in "Selling, general and administrative expenses" in the Consolidated Statements of OperationsNew
27Denominator for basic earnings per share 22,873,536 22,799,071 22,719,900New
28Related Party Transactions - The Company had no material related party transactions during the years ended December 31, 2025, 2024 and 2023New
29Recently Adopted Accounting PronouncementsNew
30Recently Issued Accounting Pronouncements Not Yet AdoptedNew
31Aggregate purchase consideration 252.6New
32Total assets acquired 248.6New
33Pro Forma Financial InformationNew
34Net income (loss) $ 42.1 $ (19.4)New
355. Fair Value MeasurementsNew
36Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilitiesNew
37Level 3 - Unobservable inputs that reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement dateNew
38(in millions) Level 1 Level 2 TotalNew
39Total financial assets $ 13.2 $ 10.0 $ 23.2New
40Total financial assets $ 12.6 $ 9.3 $ 21.9New
41Total $ 21.8 $ 0.5 $ 0.4 $ 21.9New
42Management performed a qualitative assessment for the annual tests of goodwill impairment performed on October 1, 2025, 2024 and 2023 and concluded that there was no impairment of goodwillNew
43(in millions) Infrastructure Solutions Materials Solutions TotalNew
44$ (1.2) $ (20.1) $ (21.3)New
45Amortization expense on intangible assets was $13.6 million, $4.8 million and $5.5 million for 2025, 2024 and 2023, respectivelyNew
469. Property and EquipmentNew
47The Company records its operating lease ROU assets in "Other long-term assets" and its operating lease liabilities in "Other current liabilities" and "Other long-term liabilities". As of December 31, 2025 and 2024, the Company did not have any finance leasesNew
48Weighted average discount rate used in calculating right-of-use asset 5.58 % 5.04 %New
49The obligations of the Company in respect of the 2025 Credit Facilities are secured and are guaranteed by the U.S. domestic subsidiaries of the Company, subject to customary exceptionsNew
5012. Product Warranty ReservesNew
5113. Accrued Loss ReservesNew
52Supplemental Executive Retirement PlanNew
53Deferred Compensation PlanNew
54Total $ 5.9 $ 6.7 $ 5.6 $ 6.1New
55The income tax disclosures that follow are inclusive of the requirements set forth in ASU 2023-09, Income Taxes (Topic 740), which the Company adopted on a prospective basisNew
56Income before income taxes $ 53.1 $ 13.9 $ 42.8New
57(in millions) 2025 2024 2023New
58The Company's "Income tax provision" is computed based on the domestic and foreign federal statutory rates and the average state statutory rates, net of related federal benefitNew
59(2) Calculation includes the impact of a rounding adjustmentNew
60Total income tax provision $ 9.8 $ 9.1New
61Total cash paid for taxes $ 19.7New
62Total deferred tax assets 63.8 64.6New
63Total net deferred assets $ 18.6 $ 43.4New
64Allowance balance, end of year $ 17.1 $ 12.4 $ 12.5New
65Balance, end of year $ 14.1 $ 16.8 $ 13.0New
6616. Commitments and ContingenciesNew
67Previously Settled MattersNew
6817. Share-Based CompensationNew
69Restricted Stock Units ("RSUs")New
70Unvested as of December 31, 2025 309 $ 37.45New
71Performance Stock Units ("PSUs")New
72(1) The vested PSUs presented are based on the target amount of the award. In accordance with the terms of the underlying award agreements, no shares were earned and distributed for the performance period ended during 2025New
73Fair value of awards vested and issued (2)New
74Deferred Stock Units ("DSUs")New
75Total domestic revenue 800.5 329.7 1,130.2New
76Total domestic revenue 783.1 232.3 1,015.4New
77Total domestic revenue 748.7 334.7 1,083.4New
78Total net sales $ 800.4 $ 537.8 $ 1,338.2New
7919. Operations by Industry Segment and Geographic AreaNew
80Segment Information: The accounting policies of the reportable segments are the same as those described in Note 2, Basis of Presentation and Significant Accounting Policies. Intersegment sales and transfers between foreign subsidiaries are valued at prices comparable to those for unrelated partiesNew
81Total revenues - reportable segments $ 893.4 $ 557.9 $ 1,451.3New
82Reportable Segment Operating Adjusted EBITDA $ 134.3 $ 55.6 $ 189.9New
83Capital expenditures 25.1 6.1 31.2New
84(2) Inventory period costs primarily relate to inventory reserves and adjustments and net scrap salesNew
85Total revenues - reportable segments $ 885.7 $ 474.7 $ 1,360.4New
86Reportable Segment Operating Adjusted EBITDA $ 121.5 $ 37.2 $ 158.7New
87Capital expenditures 15.0 5.2 20.2New
88Total revenues - reportable segments $ 838.2 $ 538.8 $ 1,377.0New
89Reportable Segment Operating Adjusted EBITDA $ 102.4 $ 50.7 $ 153.1New
90Capital expenditures 24.8 8.9 33.7New
91(3) Other segment items consists of foreign exchange gains and losses, investment income and loss and other income and expense amounts that are included in Segment Operating Adjusted EBITDA that are not considered to be significant segment expensesNew
92Total capital expenditures $ 40.7 $ 20.5 $ 34.1New
93Total consolidated sales $ 1,410.4 $ 1,305.1 $ 1,338.2New
9420. Other Income and Expenses, netNew
9521. Strategic Transformation and Restructuring, Impairment and Other Asset (Gains) Charges, netNew
96(1) Amortization of capitalized implementation costs is recorded in "Selling, general and administrative expenses" in the Consolidated Statements of OperationsNew
97Total asset impairment charges — — 1.2New
98Restructuring, impairment and other asset (gains) charges, net $ (0.4) $ 8.4 $ 5.8New
99Total restructuring related (gains) charges, net $ (0.2) $ 9.5 $ 7.7New
100Total impairment charges $ — $ — $ 1.2New
101Total gain on sale of property and equipment, net $ (0.2) $ (1.1) $ (3.1)New
102The Company has evaluated all events subsequent to the balance sheet date as of December 31, 2025 through the date of issuance of these consolidated financial statements and has determined that, except as set forth below, there are no subsequent events that require disclosureNew
103Evaluation of Disclosure Controls and ProceduresNew
104Management's Report on Internal Control over Financial ReportingNew
105Changes in Internal Control over Financial ReportingNew
106ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCENew
107ITEM 11. EXECUTIVE COMPENSATIONNew
108ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED SHAREHOLDER MATTERSNew
109ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULESNew
110(a)(2) Financial Statement Schedules are not filed with this Report because the Schedules are either inapplicable or the required information is presented in the Consolidated Financial Statements or Notes theretoNew
111Cover page from the Company's Annual Report on Form 10-K for the year ended December 31, 2025, formatted in iXBRL (included in Exhibit 101)New
112Jaco van der Merwe, President and Chief Executive OfficerNew

Other Astec Industries 10-Ks

FY2024 10-K risk factors
28 risks
International sales grew to 22.2% of total sales in 2024, exposing the company to greater foreign currency, regulatory, and operational risks.
Filed Feb 26, 2025

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.