What Changed
Risk factors · May 30, 2025 → May 29, 202613 added · 7 removed between the two most recent 10-Ks. The risks a company starts — or stops — disclosing are often the story.
Newly disclosed
- The planning, construction, start-up and ramp-up of a new manufacturing facility involve significant risks and uncertainties, including cost overruns, delays in finalizing the site, obtaining permits or approvals, contractor or supply chain disruptions, equipment procurement or installation issues, staffing challenges, delays in qualification or certification, and failure to achieve expected production levels or other anticipated benefits on the expected timeline or at all.
- Any of these factors could increase the Company’s costs, delay production, adversely affect the Company’s ability to meet customer demand and have a material adverse effect on the Company’s business and results of operations. 15 Acquisitions, mergers, business combinations or joint ventures may entail certain operational and financial risks.
- The Company’s operating results are subject to risks of manufacturing errors, process-control failures, quality escapes, foreign object debris or other operational mistakes that could result in scrap, rework, customer claims, delayed deliveries, loss of or damage to customer relationships, contractual liability, warranty or indemnity exposure, regulatory or customer review, or additional costs.
- While the location of the new plan has not been finalized, construction is expected to begin in fiscal 2027.
- The expansion of the Company ’ s operations may result in cost overruns, delays or other operational challenges that would negatively impact the Company ’ s business and results of operations.
- In addition, the expansion may require significant management attention and capital resources and could result in inefficiencies or disruptions to the Company’s existing operations.
- There can be no guarantee that such efforts will result in any sales. 13 Consolidation among the Company ’ s customers could negatively impact the Company ’ s business.
- The Company plans to expand its operations by building a new composite materials manufacturing plant.
- The Company's business is dependent on the aerospace industry, which is cyclical in nature.
- See “Customers and End Markets” in Item 1 of Part I of this Report.
- The industries in which the Company operates are very competitive.
- The Company is subject to a variety of environmental regulations.
No longer disclosed
- The Company’s operating results are dependent on the continued operation of its production facilities and its ability to meet customer contract requirements and other needs.
- See “Customers and End Markets” in Item 1 of Part I of this Report. 12 The Company's business is dependent on the aerospace industry, which is cyclical in nature.
- The Company's customer base is highly concentrated, and the loss of one or more customers could adversely affect the Company's business.
- Acquisitions, mergers, business combinations or joint ventures may entail certain operational and financial risks.
- The Company's business could suffer if the Company is unable to develop new products on a timely basis.
- Consolidation among the Company ’ s customers could negatively impact the Company ’ s business.
- There can be no guarantee that such efforts will result in any sales.