We believe having a local presence is important to serving our customers, so we maintain service centers and other operations in local markets throughout the countries in which we operate.
−Removed: At June 30, 2024, we owned real properties at 114 locations and leased 424 locations.
+Added: At June 30, 2025, we owned 113 and leased 438 real properties.
Certain properties house more than one operation.
16 unchanged sentences
Portland, Oregon Distribution center, hose shop and reducer assembly shop
+Added: Sherwood, Oregon Automation operation
+Added: Austin, Texas Fluid power shop
+Added: Dallas, Texas Fluid power shop
+Added: Houston, Texas Fluid power shop
Stafford, Texas Offices, warehouse, and flow control shop
Longview, Washington Service center, rubber shop, and fluid power shop
−Removed: Austin, Texas Fluid power shop
−Removed: Sherwood, Oregon Automation operation
Nisku, Alberta Offices, service center, shop, and distribution center
Saskatoon, Saskatchewan Distribution center, service center and shop
−Removed: The properties in Baldwinsville, Newark, Midland, and Stafford are used in our Engineered Solutions segment.
−Removed: The Fontana and Longview properties are used in both the Service Center Based Distribution segment and the Engineered Solutions segment.
−Removed: The remaining properties are used in the Service Center Based Distribution segment.
+Added: The properties in Baldwinsville, Newark, Midland, Stafford, Austin, Houston and Dallas are used in our Engineered Solutions segment.
+Added: The Fontana and Longview properties are used in both the Service Center segment and the Engineered Solutions segment.
+Added: The remaining properties are used in the Service Center segment.
We consider our properties generally sufficient to meet our requirements for office space and inventory stocking.
−Removed: A service center's size is primarily influenced by the amount and types of inventory the service center requires to meet customers' needs.
+Added: A service center's size is primarily influenced by the amount and types of inventory required to meet customers' needs.
When opening new operations, we have tended to lease rather than purchase real property.
We do not consider any service center, distribution center, or shop property to be material, because we believe that, if it becomes necessary or desirable to relocate an operation, other suitable property could be found.
−Removed: In addition to operating locations, we own or lease certain properties which in the aggregate are not material and are either for sale, lease, or sublease to third parties due to a relocation or closing.
+Added: In addition to the above operating facilities, we own or lease certain properties which in the aggregate are not material and are either for sale, lease, or sublease to third parties due to a relocation or closing.
We also may lease or sublease to others unused portions of buildings.
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.