26 unchanged sentences
We may not be able to locate suitable replacements for any key employees who leave, or offer employment to potential replacements on reasonable terms, each of which may adversely affect our business and financial results.
−Removed: Investments in and changes to our businesses, operating structure, or personnel relating to our ELEVATE strategy, including the implementation of strategic transformations, enhanced business processes, and technology initiatives, may not have the desired effects on our financial condition and results of operations.
+Added: Investments in and changes to our businesses, operating structure, or personnel relating to our strategic initiatives, including the implementation of strategic transformations, enhanced business processes, and technology initiatives, may not have the desired effects on our financial condition and results of operations.
We have made significant investments and expect to make additional investments in various initiatives intended to drive long-term profitable growth and increase operational efficiency.
1 unchanged sentence
or cost benefits that we expect and could result in unanticipated consequences, including disruptions to our back-office operations and service delivery.
−Removed: Moreover, the execution and/or benefits of our ELEVATE strategy may not be realized on the expected timeline and/or may result in expenses in excess of what is currently forecast, which could negatively affect our financial condition.
+Added: Moreover, the execution and/or benefits of our strategic initiatives may not be realized on the expected timeline and/or may result in expenses in excess of what is currently forecast, which could negatively affect our financial condition.
Our ability to preserve long-term client relationships is essential to our continued success.
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Refer to “Risks Relating to Financial Matters” below for further information on the internal controls.
−Removed: Risks Relating to Acquisitions, Divestitures, or Strategic Transactions
+Added: Risks Relating to Acquisitions, including the WGNSTAR Acquisition, Divestitures, or Strategic Transactions
Acquisitions, divestitures, and other strategic transactions could fail to achieve financial or strategic objectives, disrupt our ongoing business, and adversely impact our results of operations.
11 unchanged sentences
• unanticipated or unknown liabilities may arise related to an acquired business.
+Added: We may not realize the growth opportunities and synergies that are anticipated from the WGNSTAR Acquisition.
+Added: The benefits that are expected to result from the WGNSTAR Acquisition, which we expect to be consummated in the first half of 2026, will depend, in part, on our ability to realize the anticipated growth opportunities and the realization of anticipated cost and revenue synergies.
+Added: Maintaining strong relationships with acquired clients and retaining talented employees will also be critical to realizing the acquisition’s benefits.
+Added: Clients or key employees of WGNSTAR may decide not to continue their relationship with us after the acquisition is consummated.
+Added: Any loss of significant WGNSTAR customers or the departure of key personnel could negatively impact the success of the acquisition and hinder our ability to achieve the expected benefits.
+Added: Ultimately, if we fail to fully realize the expected growth opportunities, revenue synergies, or cost savings from the WGNSTAR Acquisition, it could negatively impact our business, financial condition, and results of operations.
Risks Relating to Insurance and Safety Matters
1 unchanged sentence
We use a combination of insured and self-insurance programs to cover workers’ compensation, general liability, automobile liability, property damage, and other insurable risks.
−Removed: We are responsible for claims both within and in excess of our retained limits under our insurance policies, and while we endeavor to purchase insurance coverage that is appropriate to our assessment of risk, we are unable to predict with certainty the frequency, nature, or magnitude of claims for direct or consequential damages.
+Added: We are responsible for claims both within and in excess of our retained limits under our insurance policies, and while we endeavor to purchase insurance
+Added: coverage that is appropriate to our assessment of risk, we are unable to predict with certainty the frequency, nature, or magnitude of claims for direct or consequential damages.
If our insurance coverage proves to be inadequate or unavailable, our business may be negatively impacted.
3 unchanged sentences
Should we be unable to renew our excess, umbrella, or other commercial insurance policies, it could have a material adverse impact on our business, as would the incurrence of catastrophic uninsured claims or the inability or refusal of our insurance carriers to pay otherwise insured claims.
−Removed: Further, to the extent that we self-insure our losses, deterioration in our loss control and/or our continuing claim management efforts could increase the overall
−Removed: cost of claims within our retained limits.
+Added: Further, to the extent that we self-insure our losses, deterioration in our loss control and/or our continuing claim management efforts could increase the overall cost of claims within our retained limits.
A material change in our insurance costs due to changes in the frequency of claims, the severity of the claims, the costs of excess/umbrella premiums, or regulatory changes could have a material adverse effect on our financial position, results of operations, or cash flows.
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We are subject to extensive legal and regulatory requirements, which could limit our profitability by increasing the costs of legal and regulatory compliance.
−Removed: Our business is subject to a complicated set of federal, state, and local laws and regulations as well as stakeholder views addressing, among other things, wage and hour standards, employment and labor relations, various Corporate Responsibility-related practices, leave of absence, cybersecurity, data privacy and protection, occupational health and safety, environmental matters, anti-competition, anti-corruption, and government contracting.
+Added: Our business is subject to a complicated set of federal, state, and local laws and regulations as well as stakeholder views addressing, among other things, wage and hour standards, employment and labor relations, various corporate responsibility-related practices, leave of absence, cybersecurity, data privacy and protection,
+Added: occupational health and safety, environmental matters, anti-competition, anti-corruption, and government contracting.
Many of these laws and regulations may have differing or conflicting legal standards or legal interpretations across jurisdictions, increasing the complexity and cost of compliance.
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Any significant federal fund rate increases may have a material adverse effect on our business, results of operations, and financial condition, and may cause our customers to implement cost saving strategies that could reduce the demand of our services.
+Added: In addition, increases in and/or elevated levels of our borrowings could adversely affect our results of operations and financial condition.
Our future ability to make payments on our debt, fund our other liquidity needs, and make planned capital expenditures will depend on our ability to generate cash.
Our ability to generate cash, to a certain extent, is subject to general economic, financial, competitive, and other factors that are beyond our control.
−Removed: We cannot guarantee that our business will generate sufficient cash flow from our operations or that future borrowings will be available to us in
−Removed: an amount sufficient to enable us to service our debt, fund other liquidity needs, make planned capital expenditures, or continue our dividend.
+Added: We cannot guarantee that our business will generate sufficient cash flow from our operations or that future borrowings will be available to us in an amount sufficient to enable us to service our debt, fund other liquidity needs, make planned capital expenditures, or continue our dividend.
The degree to which we are leveraged could have important consequences for shareholders.
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If the fair value of one of our reporting units is less than its carrying value, or if as a result of a recoverability test we conclude that the projected undiscounted cash flows are less than the carrying amount, we would record an impairment charge related to goodwill or long-lived assets, respectively.
−Removed: (For example, during the second quarter of 2020, given the general deterioration in economic and market conditions arising from the COVID-19 Pandemic (“the Pandemic”), we identified a triggering event that resulted in the impairment of goodwill and intangible assets.) The assumptions used to determine impairment require significant judgment, and the amount of the impairment could have a material adverse effect on our reported financial results for the period in which the charge is taken.
+Added: The assumptions used to determine impairment require significant judgment, and the amount of the impairment could have a material adverse effect on our reported financial results for the period in which the charge is taken.
If we fail to maintain proper and effective internal control over financial reporting in the future, our ability to produce accurate and timely financial statements could be negatively impacted, which could harm our operating results and investor perceptions of our Company and as a result may have a material adverse effect on the value of our common stock.
11 unchanged sentences
Weather conditions such as snow storms, heavy flooding, hurricanes, and fluctuations in temperatures can negatively impact portions of our business.
−Removed: Within our Technical Solutions segment, cooler than normal
−Removed: temperatures in the summer could reduce the need for servicing of air conditioning units, resulting in reduced revenues and profitability.
+Added: Within our Technical Solutions segment, cooler than normal temperatures in the summer could reduce the need for servicing of air conditioning units, resulting in reduced revenues and profitability.
Within Parking and Aviation services and portions of our Technical Solutions business, adverse weather conditions can lead to reduced activity, as well as increases in certain costs, both of which negatively affect gross profit.
13 unchanged sentences
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.