During the three months ended
−Removed: March 29, 2025, there were no material changes in the Company’s risk factors from the information provided in Item 1A.
−Removed: included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 , other than as set forth below.
−Removed: The Company’s business may be adversely affected
−Removed: by tariffs, trade sanctions or similar government actions.
−Removed: The actual or threatened imposition
−Removed: of tariffs, sanctions or other restrictions on goods exported from the United States or imported into the United States, or countermeasures
−Removed: imposed in response to such government actions, could increase the Company’s cost of products sold or reduce its ability to sell
−Removed: products globally, which may adversely affect its operating results and financial condition.
−Removed: While the Company sources the majority of
−Removed: its materials domestically, the imposition of tariffs could lead to increased demand and pricing on domestic materials, which could result
−Removed: in an increase to the Company’s cost of products sold and a reduction in its gross margin.
−Removed: So far, these new tariffs and trade
−Removed: policies have not had a significant impact on the Company’s business operations and financial results.
−Removed: However, there is no guarantee
−Removed: that the Company can avoid the impact of tariff and related economic effects in the future, and these trade measures and retaliations
−Removed: may directly impair its business by increasing trade-related costs or disrupting established supply chains.
+Added: June 28, 2025, there were no material changes in the Company’s risk factors from the information provided in Item 1A.
+Added: included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, and in Part II, Item 1A Risk Factors
+Added: included in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended March 29, 2025.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.