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We hold the leading position in North America in every product category in which we compete.
−Removed: It is our view that we are the most sought-after brand in the pool industry and the only pool company that has established a direct relationship with the homeowner.
+Added: It is our view that we are the most sought-after brand in the pool industry.
We are Latham, The Pool Company TM .
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The full resources of our Company are dedicated to designing and manufacturing high-quality pool products, with the homeowner in mind, and positioning ourselves as a value-added partner to our dealers.
−Removed: We conduct our business as one operating and reportable segment that designs, manufactures, and markets in-ground swimming pools, pool covers, and pool liners.
−Removed: Our operations consist of approximately 1,800 employees across about 30 locations.
+Added: Our operations consist of approximately 1,850 employees on average across approximately 30 locations.
The broad geographic reach of our national manufacturing and distribution network allows us to service our customers on short lead times and to deliver our products in a cost-effective manner.
Our mission is to design and manufacture high-quality pool products, with the homeowner in mind, and to be a value-added partner to our dealers.
+Added: We conduct our business as one operating and reportable segment that designs, manufactures, and markets in-ground swimming pools, pool covers, and pool liners.
Over the last decade, macroeconomic trends have driven an increase in reinvestment in the home, and we expect that consumers will continue to focus a portion of their rest-and-relaxation spending on exterior living spaces as they look for more ways to spend time outdoors.
−Removed: Demand for our products has also been affected by the level of interest rates and the availability of credit, consumer confidence and spending, housing affordability, demographic trends, employment levels, and other macroeconomic factors that may influence the extent to which consumers engage in renovations to their backyard, including pool installation projects to enhance the outdoor living spaces of their homes.
−Removed: Fiberglass pools are underpenetrated in the United States residential in-ground swimming pool market relative to other geographic markets, such as Australia, New Zealand, and Western Europe.
+Added: Demand for our products has also been affected by the level of interest rates and the availability of credit, consumer confidence and ability and willingness to spend, housing affordability, demographic trends, employment levels, tariffs and other macroeconomic factors that may influence the extent to which consumers engage in renovations to their backyard, including pool installation projects to enhance the outdoor living spaces of their homes.
+Added: Fiberglass pools are underpenetrated in the United States residential in-ground swimming pool market relative to other geographic markets, such as Canada, Australia, New Zealand, and Western Europe.
A conversion to fiberglass pools from legacy pool construction materials is being driven by greater homeowner awareness of the benefits of fiberglass products.
−Removed: As a result of material conversion away from legacy pool construction materials such as concrete, market share growth of fiberglass pool starts in the United States is meaningfully outpacing that of the broader in-ground swimming pool market.
+Added: As a result of material conversion away from legacy pool construction materials such as concrete, market growth of fiberglass pool starts in the United States is meaningfully outpacing that of the broader in-ground swimming pool market.
Despite this growth, fiberglass pools still have significant runway for growth in the United States relative to comparable international markets.
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• Faster and easier installation .
−Removed: Fiberglass pools can be installed in as little as two to three days, compared to up to three or more months for concrete pools of comparable size.
+Added: Fiberglass pools can be installed in as little as two to three days, compared to three or more months for concrete pools of comparable size.
• Premium quality and aesthetics .
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As the leader in the fiberglass pool product category, we are driving the material conversion, especially from concrete pools to fiberglass, by educating both homeowners and dealer partners about the superior benefits of fiberglass.
−Removed: The benefits include lower up-front and total cost of ownership, quicker installation, easier maintenance, and a more convenient buying experience.
+Added: The benefits include lower up-front and lifecycle costs, faster and easier installation, better quality and fewer chemicals.
Additionally, the connectivity we have built with our homeowners has provided us with the insights needed to stay ahead of homeowner demand trends that shape our market.
Drive Fiberglass and Automatic Safety Cover Adoption in the Sand States
−Removed: In 2024, the Sand States (which we define as Florida, Texas, Arizona and California) accounted for approximately two-thirds of the pool starts in the United States.
−Removed: As the largest pool manufacturer in the United States, this provides a clear opportunity for our market share expansion.
−Removed: Our goals in executing this strategy are to expand our pool dealer base, target planned communities, align our product offerings with market demand, and address our marketing campaigns specifically to consumers and builders in these regions.
−Removed: Our primary focus in the Sand States is driving the conversion to fiberglass pools from concrete but we also see this as an opportunity to increase adoption of automatic safety covers.
+Added: In 2025, the Sand States (which we define as Florida, Texas, Arizona and California) accounted for approximately two-thirds of the pool starts in the United States where fiberglass pools are underrepresented.
+Added: This provides a clear opportunity for our market share expansion and our goals in executing this strategy are to expand our pool dealer base, target master planned communities, align our product offerings with market demand, and address our marketing campaigns specifically to consumers and builders in these regions.
+Added: Our primary focus in the Sand States is driving the conversion to fiberglass pools from concrete but we also see this as an opportunity to increase awareness and adoption of automatic safety covers.
Utilize Leading Brand and Digital Assets to Generate Greater Volumes and Quality of Homeowner Leads
−Removed: Since 2019, we have increased our investments in our digital strategies and consumer marketing.
+Added: We have increased our investments in our digital strategies and consumer marketing.
Our marketing campaigns and digital platform, including our easy to use interactive website and mobile app, inform homeowners on the benefits of fiberglass.
Our content-rich digital platform provides homeowners with education and engagement tools that help them to navigate their pool buying journey, including an unrivaled pool visualization experience, informational videos and resources, budget calculators, and a pool expert community consisting of a blog and direct homeowner outreach.
−Removed: For example, the Latham Augmented Reality Pool Visualizer app allows homeowners to browse fiberglass
−Removed: models and to select from a variety of options from their mobile device.
+Added: For example, the Latham Augmented Reality Pool Visualizer app allows homeowners to browse fiberglass models and to select from a variety of options from their mobile device.
Our digital strategy has resulted in superior search engine optimization performance.
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With our differentiated portfolio of products, manufacturing capabilities, customer service, and homeowner connectivity, we have developed a reputation as an innovative and dependable partner to our dealers and distributors.
−Removed: Through our “Latham University” training program, our dealer partners discover firsthand the benefits of fiberglass pools, including the ease and speed of installation.
+Added: Through our “Latham University” training program, our dealer partners discover firsthand the benefits of fiberglass pools, including the ease and
+Added: speed of installation.
Dealers also learn both basic and advanced fiberglass pool installation techniques.
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We have historically undertaken strategic acquisitions to expand our geographic reach within the United States and internationally, enhance our product portfolio, and drive operational efficiencies.
−Removed: For example, in August 2024, we acquired Coverstar Central, LLC (“Coverstar Central”), our exclusive dealer of automatic safety covers in 29 states and our trusted partner since 2006.
+Added: For example, in August 2024, we acquired Coverstar Central, LLC (“Coverstar Central”), our exclusive dealer of automatic safety covers in 29 states and, in February 2025 followed with the acquisition of two smaller Coverstar dealers in New York and Tennessee.
With key integration activities complete, our revenue synergy initiatives are underway through an integrated marketing and sales strategy to effectively reach the builder and consumer markets.
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Our products are recognized by homeowners, dealers, and distributors for their quality, durability, performance, compelling value proposition, ease of installation and diverse style and design options.
−Removed: Our broad and compelling product offering, proven ability to serve as a value added partner to our dealers and distributors,
−Removed: and our connectivity with homeowners have been critical in achieving the leading position in every pool product category in which we compete.
+Added: Our broad and compelling product offering and our connectivity with homeowners have been critical in achieving the leading position in North America in every pool product category in which we compete.
Below is a summary of our products.
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We are the largest fiberglass pool manufacturer in North America, Australia and New Zealand.
−Removed: Demand for our fiberglass pools is driven by both accelerating material conversion from legacy pool construction materials, especially concrete, and the long-term value that our pools deliver to our homeowners through both lower up-front and lifecycle costs.
+Added: Demand for our fiberglass pools is driven by both material conversion from legacy pool construction materials, especially concrete, and the long-term value that our pools deliver to our homeowners through lower up-front and lifecycle costs, faster and easier installation, better quality and fewer chemicals.
+Added: Our fiberglass pools can be installed in as little as two to three days, compared to three months or more for comparable concrete pools.
We offer an extensive portfolio of fiberglass pools with customizable features that include unique colors, elaborate finishes, floor mosaics, lighting options, water features, in-floor cleaning, tanning ledges, and spillover spas.
Our pools come in a variety of different shapes and sizes and are known by homeowners for their premium quality and aesthetics.
−Removed: Our fiberglass pools offer significant cost, installation, and maintenance advantages over traditional concrete pools while requiring fewer chemicals.
Our innovative product portfolio is made up of a fiberglass, carbon fiber and Kevlar build and is backed by a lifetime warranty to the original purchaser, providing our homeowners with peace of mind and security.
−Removed: Our fiberglass pools can be installed in as little as two to three days, compared to three months or more for comparable concrete pools.
While we believe that our fiberglass pools are the future of the industry and meet the majority of the market of pools sold, fiberglass pools do have some limitations.
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They protect the pool and its immediate surroundings from debris and weather, and they also provide safety for homeowners and their guests.
−Removed: We are the largest replacement liner manufacturer in the North American residential in-ground swimming pool market, serving a market with large, non-discretionary replacement demand.
−Removed: Vinyl liners are a required component for the interior surface of a vinyl pool and our liners are highly customizable in shape, size, color, and pattern.
−Removed: Vinyl liners typically need to be replaced every eight to ten years.
−Removed: Replacement vinyl liners provide us with a significant source of stable recurring revenue.
Automatic Safety Covers
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All-Season Pool Covers
−Removed: Our winterizing mesh and solid covers are used during the off-season, reducing maintenance requirements for our homeowners.
+Added: Our winterizing mesh and solid pool covers are used during the off-season, reducing maintenance requirements for our homeowners.
While these covers extend the lives of our homeowners’ pools, they typically need to be replaced every eight to ten years, providing us with replacement revenue.
Since our covers can be used for any pool, regardless of materials, shape, or size, we are able to replace covers for both our legacy homeowners and homeowners previously served by smaller, regional manufacturers.
−Removed: In North America, we operate under one banner, Latham, the Pool Company.
+Added: We are the largest pool liner manufacturer in the North American residential in-ground swimming pool market, serving a market with large, non-discretionary replacement demand.
+Added: Vinyl liners are a required component for the interior surface of a vinyl pool and our liners are highly customizable in shape, size, color, and pattern.
+Added: Vinyl liners typically need to be replaced every eight to ten years.
+Added: Replacement vinyl liners provide us with a significant source of stable recurring revenue.
+Added: In North America, we operate under one banner, Latham, The Pool Company TM .
Our literature for dealers, marketing materials, our website, social media, advertising and promotion and our co-branding of dealer premises each reflect the Latham branding.
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Our agreements with our Latham Grand dealers provide for various benefits to the dealers, such as early access to customer leads, access to in-store advertising and exterior branding, basic and advanced installation training sessions, a dedicated and customized website landing page, technical support, early access to new models, and other sales support.
−Removed: Latham Grand dealers agree to use us as their exclusive provider of fiberglass pools.
−Removed: Latham Grand dealers also agree, among other things, to receive fiberglass training and provide the highest level of customer satisfaction for installation.
+Added: Latham Grand dealers agree to feature us as their exclusive provider of fiberglass pools.
+Added: Latham Grand dealers also, among other things, receive fiberglass training and provide the highest level of customer satisfaction for installation.
Each Latham Grand dealer operates in specified territories, and our agreements with our Latham Grand dealers are generally perpetual and terminable at will by both parties.
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Manufacturing
−Removed: We are a global manufacturer based in the United States, delivering quality products with a competitive cost position.
+Added: We are a global manufacturer with manufacturing sites in the United States, Canada, Australia and New Zealand, delivering quality products with a competitive cost position.
Our manufacturing processes require significant capital investment and expertise.
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We have the largest mold portfolio in the industry, designed to meet customer needs.
−Removed: We use an eight-layer building process to provide an industry-leading thickness and durability formula for our fiberglass pools.
−Removed: We use finite element analysis, which is a computerized method for predicting how a product reacts to real-world forces, vibration, heat, fluid flow, and other physical effects.
−Removed: This allows us to model the fiberglass pools that we build to minimize the risk of any structural weak points in the designs.
−Removed: Our use of a flow-controlled material delivery system allows us to ensure that we are applying the appropriate mixture of resin and material, and to align the mixture to the temperature and humidity of the local environment of our production plant.
−Removed: Our coast-to-coast network of facilities allows us to be within a close proximity to our customers with shorter lead times and lower transportation costs.
+Added: Our fiberglass pools are engineered through a seven‑layer composite construction process designed to maximize structural integrity, durability, and long‑term performance.
+Added: Using advanced Finite Element Analysis, we model real‑world forces such as hydrostatic pressure, soil loads, thermal effects, and vibration to identify and eliminate potential stress points before manufacturing begins.
+Added: This engineering‑driven validation is paired with our Technology for Manufacturing system, which provides real‑time monitoring of resin and fiberglass usage to ensure each layer is applied with precise thickness and
+Added: optimal material ratios.
+Added: Together, these methods create a highly controlled, data‑driven manufacturing process that delivers consistent strength, dimensional stability, and superior overall quality.
+Added: Our coast-to-coast network of facilities allows us to be within a close proximity to our customers with industry leading lead times and lower transportation costs.
This is a key competitive advantage as transportation costs of fiberglass pools become increasingly expensive with longer shipping distances.
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Our highly-engineered plastic molding machines provide us the leading-edge capability to mold high-quality structural panels in customized, proprietary shapes.
−Removed: For our steel panel vinyl pools, we have various processes and highly-engineered metal processing machines that have the capability to convert flat coil steel through various steps into panels that have been punched, bent, seamed, welded, and stacked.
+Added: For our steel panel vinyl pools, we have various processes and highly-engineered and automated metal processing machines that have the capability to convert flat coil steel through various steps into panels that have been punched, bent, seamed, welded, and stacked.
The use of a multi-head “soft” tooling cartridge allows simple and fast change-over times and high tolerance performance.
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Our processing equipment offers tight tolerance and flexible manufacturing with compressed lead times across the various laser cutters, bending, assembly, and test equipment.
+Added: Our all-season pool cover manufacturing facilities cut, sew, and build precisely designed and engineered all-season pool covers that are made to order and shipped at industry leading service levels.
+Added: Our manufacturing facilities employ specialized techniques to include precision cutting and reinforced stitching.
+Added: Our manufacturing capabilities and experience allow us to build highly customized all-season pool covers in any size, shape and configuration of a swimming pool.
We manufacture a complete line of both sonically and heat welded vinyl pool liners for both above and in-ground swimming pool applications, with what we believe is the most technologically advanced processing of vinyl sonic welding in the industry.
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We utilize a centralized sourcing model that includes a dedicated team of procurement professionals so that we can coordinate and leverage our purchases across a diverse supplier base.
−Removed: Our centralized sourcing model focuses on achieving competitive costs and ensuring supply availability.
+Added: Our centralized sourcing model focuses on ensuring best in class product quality, achieving competitive costs and ensuring supply availability.
The manufacturing facilities coordinate all material deliveries with respect to volume and timing to ensure proper alignment between consumption and working capital programs.
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We have minimal fixed-price contracts with our major vendors.
−Removed: Prices for spot market purchases are negotiated on a continuous basis in line or better than current market prices.
−Removed: Other than occasional strategic purchases of larger quantities of certain raw materials, we generally buy materials on an as-needed basis.
+Added: Prices for spot market purchases are negotiated on a continuous basis.
+Added: Other than opportunistic strategic purchases of larger quantities of certain raw materials, we generally buy materials on an as-needed basis.
Changes in prices of our raw materials have a direct impact on our cost of sales.
We strive to maintain strong and collaborative relationships with our suppliers and believe that the sources for these inputs are well-established, generally available on world markets, and in sufficient quantity.
−Removed: We do not undertake defined purchase agreements requiring fixed commitments or “take or pay” requirements with our suppliers.
+Added: We generally do not undertake defined purchase agreements requiring fixed commitments or “take or pay” requirements with our suppliers.
If one or more suppliers were unable to satisfy our requirements for particular raw materials, we believe alternative sources of supply would be available, although we could experience a disruption to our operations as alternative suppliers are identified and qualified and new supply arrangements are entered into.
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Our continued investment in consumer engagement has been a key driver of our historical sales growth.
−Removed: We are generating our own leads, including via our online platform, mobile app, and consumer hotline.
+Added: We are generating our own leads, including via our online platform, mobile app, and dedicated marketing and promotional activities.
This allows us to provide high quality, purchase-ready leads to our dealer partners.
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Additionally, we provide on-site installation assistance to our new dealer partners on their initial fiberglass pool installation.
−Removed: In 2024, we continued the roll-out of Measure by Latham ("Measure"), a proprietary advanced AI-powered device that significantly reduces dealer time and error in measuring swimming pool safety covers, which we initially launched in early 2023.
+Added: We also offer Measure by Latham ("Measure"), a proprietary advanced AI-powered device that significantly reduces dealer time and error in measuring swimming pool safety covers.
Measure is an end-to-end solution that provides dealers with a simple, cost-effective user experience, high-performance measuring accuracy, and a modernized ordering process.
−Removed: As of February 2025, we have added the capability to measure vinyl liners.
+Added: In 2025, we added the capability to measure vinyl liners with our MeasurePro tool and our mobile app, MeasureGo.
To facilitate the decision to buy, we offer warranties for our products.
In addition, to assist consumers in financing their pool purchase, we connect them to specialist pool financing providers with which we partner.
−Removed: We hold the leading position in each of our product categories in North America, Australia and New Zealand.
+Added: We hold the leading position in North America in every product category in which we compete.
We compete with regional and local manufacturers on the basis of a number of considerations, including brand recognition and loyalty, quality, performance, product characteristics, marketing, product development, sales and distribution, and price.
We believe we compete favorably with respect to these factors through our differentiated consumer value proposition;
−Removed: brand, breadth and quality of our product portfolio;
−Removed: national manufacturing footprint in the United States;
−Removed: and large network of dealers.
−Removed: The main alternative to vinyl and fiberglass pools are concrete pools, which are built in the ground and are constructed by pouring concrete over steel rods to create the shell of the pool.
+Added: brand, breadth and quality of our product portfolio, national manufacturing footprint in the United States, and large network of dealers.
+Added: An alternative to vinyl and fiberglass pools are concrete pools, which are built in the ground and are constructed by pouring concrete over steel rods to create the shell of the pool.
Concrete pools require frequent and more costly maintenance than fiberglass.
Based on our knowledge of our dealers, we believe it takes three months or more to install a concrete pool compared to two to three days for fiberglass.
−Removed: We do not participate in the concrete pool market other than to provide automatic safety covers and all-season covers for concrete pools.
−Removed: We believe that the shift in material from concrete to fiberglass that the North American in-ground swimming pool industry is undergoing will favor our business.
+Added: We do not participate in the concrete pool market other than to provide automatic safety covers and all-season pool covers for concrete pools.
+Added: We believe that the ongoing shift in material from concrete to fiberglass in North America will favor our business.
See “Risk Factors—Risks Related to Our Operations and Industry—We face competition both from within our industry and from other outdoor living products and if we are not able to compete effectively, our prospects for future success will be jeopardized.” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Key Factors Affecting Our Performance—Volume of Products Sold.”
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Acquisitions and Partnerships
−Removed: We have made five strategic acquisitions and one strategic investment since 2019:
−Removed: the purchase of CoverStar Central, an automatic safety cover dealer, in August 2024;
+Added: We have made seven strategic acquisitions and one strategic investment since 2019:
+Added: the purchase of Coverstar Central, an automatic safety cover dealer, in August 2024, followed shortly after by the purchase of two smaller Coverstar dealers in New York and Tennessee in February 2025;
the purchase of certain fiberglass pool manufacturing assets in Seminole, Oklahoma, in November 2022;
the purchase of Radiant Pools, a manufacturer of vinyl-lined and aluminum-walled swimming pools, in November 2021;
−Removed: the purchase of GLI, a vinyl liner and safety cover manufacturer based in Ohio, in October 2020;
+Added: the purchase of GLI, a vinyl liner and all-season pool cover manufacturer based in Ohio, in October 2020;
and the purchase of Narellan, a manufacturer of fiberglass pools in Australia and New Zealand, in May 2019.
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As of December 31, 2025, we had 1,804 full-time employees, of whom 137 were based outside of North America.
−Removed: Our reputation for exceptional products, services and quality relies on having exceptional people, so we ensure that our team is rewarded, engaged, and developed to build fulfilling careers.
+Added: Our reputation for exceptional products, services and quality relies on having exceptional people, so we ensure that our team is rewarded, engaged, and developed to build fulfilling careers.
We provide competitive employee wages that are appropriate to employee positions, skill levels, experience, knowledge, and geographic location, and we provide additional rewards including incentive plans, bonus plans, and achievement awards.
−Removed: We benchmark our compensation and benefits plan regularly to ensure our employee value proposition remains competitive and attractive to new talent.
+Added: We benchmark our compensation and benefits plan regularly to ensure our employee value proposition remains competitive and attractive to new talent.
The health and safety of our people is a primary concern for us, so we have implemented a comprehensive health and safety program to manage workplace safety hazards and to protect employees.
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Employee engagement and inclusion, and belonging are fundamental principles in our culture.
−Removed: We are committed to fostering, cultivating, celebrating, and preserving a culture of belonging among our employees, customers,
−Removed: and suppliers.
+Added: We are committed to fostering, cultivating, celebrating, and preserving a culture of belonging among our employees, customers, and suppliers.
Latham’s initiatives include, but are not limited to, our practices and policies on recruitment and selection;
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terminations;
−Removed: and both ongoing development of a work environment that encourages and enforces respectful communication, teamwork, work/life balance, and engaging in community efforts that promote a greater understanding and respect for the principles of diversity.
+Added: and both ongoing development of a work environment that encourages and enforces respectful communication, teamwork, work/life balance, and engaging in community efforts.
Health, Safety and Wellness
−Removed: Our health and safety policies and practices include an employee training and competency development program to train, verify, and encourage compliance with health and safety procedures and regulations annually.
−Removed: We monitor our total recordable incident rate monthly and review workplace injury and claims trends with our carriers monthly to identify areas of focus and opportunities for implementing new programs to protect our employees.
+Added: Our health and safety policies and practices include an employee training and competency development program to regularly train, verify, and encourage compliance with health and safety procedures and regulations.
+Added: We regularly monitor our total recordable incident rate and review workplace injury and claims trends monthly to identify areas of focus and opportunities for implementing new programs to protect our employees.
+Added: We employ an environmental, health, and safety team that is responsible for managing, auditing, and executing unified, companywide safety and compliance programs, as well as working directly with site leadership and associates on safety awareness, reports, and preventative measures.
Environmental, Health and Safety Laws and Regulations
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Our failure to comply with applicable environmental, health and safety laws and regulations, or permit or approval requirements, could result in substantial liabilities or civil or criminal fines, penalties or enforcement actions, including regulatory or judicial orders enjoining or curtailing operations or requiring remedial or corrective measures, installation of pollution control equipment, or other actions, such as business disruptions, which could have a material adverse effect on our business, financial condition, or results of operations.
−Removed: Some of the environmental laws applicable to us provide that a current or previous owner or operator of real property may be liable for the costs of removal or remediation of environmental contamination on, under, or in that property or other impacted properties.
+Added: Some of the environmental laws applicable to us provide that a current or previous owner or operator of real property may be liable for the costs of removal or remediation of environmental contamination on, under, or in that
+Added: property or other impacted properties.
Accordingly, such liability could apply to us in connection with any of our current or former manufacturing plants or other properties.
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Our environmental compliance costs in the future will depend, in part, on the nature and extent of our manufacturing activities, regulatory developments and future requirements that cannot presently be predicted.
−Removed: Environmental, Social, and Governance
+Added: Sustainability
To achieve long-term success as a business, we recognize the need to align our business strategy and priorities with the expectations of our stakeholders, and our ambition is to lead our industry towards a more sustainable future.
−Removed: Since launching our formal environmental, social and governance (“ESG”) program in 2021, we have worked with independent consultants to assess our ESG performance, benchmark our efforts against our competitors, and establish and implement a comprehensive strategy to manage ESG risks and opportunities effectively.
−Removed: Our Board of Directors (“Board”) views oversight and effective management of ESG related risks and opportunities as essential to the Company’s ability to execute its strategy and achieve long-term sustainable growth.
−Removed: Our management team develops ESG strategy and related goals and policies through an ESG working group, and our ESG program is overseen by the Nominating and Corporate Governance Committee of our Board.
+Added: Since launching our formal sustainability program in 2021 we have worked with independent consultants to assess our sustainability performance, benchmark our efforts against our competitors, and establish and implement a comprehensive strategy to manage sustainability risks and opportunities effectively.
+Added: Our Board of Directors (“Board”) views oversight and effective management of sustainability related risks and opportunities as essential to the Company’s ability to execute its strategy and achieve long-term sustainable growth.
+Added: Our management team develops sustainability strategy and related goals and policies through a sustainability working group, and our sustainability program is overseen by the Nominating and Corporate Governance Committee of our Board.
The working group is a cross-functional team managing the day-to-day implementation of Company initiatives and accountability for performance.
−Removed: Our Nominating and Corporate Governance Committee reviews the Company’s progress towards the achievement of its ESG strategy and goals on a periodic basis.
−Removed: Beginning in 2022, we published an annual ESG report highlighting our progress in each of the priority ESG topics and actions that are most relevant to our business and our stakeholders that were determined by a materiality assessment conducted in 2021.
−Removed: We have since published, and plan to continue to publish, an annual ESG report to update our stakeholders on our ongoing journey.
−Removed: Health and Safety Matters
−Removed: Our health and safety policies and practices include an employee training and competency development program to regularly train, verify, and encourage compliance with health and safety procedures and regulations.
−Removed: We regularly monitor our total recordable incident rate.
−Removed: We employ an environmental, health, and safety team that is responsible for managing, auditing, and executing unified, companywide safety and compliance programs, as well as working directly with site leadership and associates on safety awareness, reports, and preventative measures.
+Added: Our Nominating and Corporate Governance Committee reviews the Company’s progress towards the achievement of its sustainability strategy and goals on a periodic basis.
+Added: Beginning in 2022, we published an annual sustainability report highlighting our progress in each of the priority sustainability topics and actions that are most relevant to our business and our stakeholders that were determined by a materiality assessment conducted in 2021.
+Added: We have since published, and plan to continue to publish, an annual sustainability report to update our stakeholders on our ongoing journey.
Websites and Additional Information
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Certain statements in this Annual Report on Form 10-K (this “Annual Report” or “report”) constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
−Removed: All statements contained in this report other than statements of historical fact may constitute forward-looking statements, including statements regarding our future operating results and financial position, our business strategy and plans, business and market trends, our objectives for future operations, macroeconomic and geopolitical conditions, changes in U.S.
−Removed: trade priorities, policies, regulations and tariffs, the implementation of our cost reduction plans and expected benefits, and the sufficiency of our cash balances, working capital and cash generated from operating, investing, and financing activities for our future liquidity and capital resource needs.
−Removed: These forward-looking statements are generally identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “confident,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and, in each case, their negative or other various or comparable terminology.
−Removed: These statements involve known and unknown risks, uncertainties, assumptions and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or
−Removed: achievements expressed or implied by the forward-looking statements, including those set forth under the section of this Annual Report titled “Risk Factors,” "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in this Annual Report, or as described on other subsequent reports we file or furnish with the SEC.
+Added: All statements contained in this report other than statements of historical fact may constitute forward-looking statements, including statements regarding our future operating results and financial position, our business strategy and plans, business and market trends, our objectives for future operations, macroeconomic and geopolitical conditions, acquisitions and related benefits, the implementation of our cost reduction plans and expected benefits, and the sufficiency of our cash balances, working capital and cash generated from operating, investing, and financing activities for our future liquidity and capital resource needs.
+Added: These forward-looking statements are generally identified by the use of forward-looking terminology, including the terms “anticipate,” “believe,” “confident,” “continue,” “could,” “estimate,” “expect,” “intend,” “likely,” “may,” “plan,”
+Added: “possible,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and, in each case, their negative or other various or comparable terminology.
+Added: These statements involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of our control, which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including those set forth under the section of this Annual Report titled “Risk Factors,” "Management's Discussion and Analysis of Financial Condition and Results of Operations" and elsewhere in this Annual Report, or as described on other subsequent reports we file or furnish with the SEC.
For similar reasons, our past results may not be a reliable indicator of future performance or trends.
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New emerging risks and uncertainties not presently known to us or that we currently deem immaterial also may impair our business, financial condition, results of operations and cash flows.
−Removed: We operate in a very competitive and rapidly changing environment, and new risks emerge from time to time.
+Added: We operate in a very competitive and rapidly changing environment, and new risks emerge from time to time that may impair our business, financial condition, results of operations and cash flows.
Although we believe that the expectations reflected in the forward-looking statements are reasonable and our expectations based on third-party information and projections are from sources that management believes to be reputable, we cannot guarantee future results, levels of activities, performance, or achievements.
3 unchanged sentences
We anticipate that subsequent events and developments will cause our views to change.
−Removed: Our forward-looking statements do not reflect the potential impact of any future acquisitions, merger, dispositions, joint ventures, or investments we may undertake.
+Added: Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures, or investments we may undertake.
We qualify all of our forward-looking statements by these cautionary statements.
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.