30 unchanged sentences
We purchase commodities, components, parts, accessories and other goods, such as steel, truck chassis, engines, transmissions, hydraulics, electrification components, and other items necessary for the manufacture of our end-products.
−Removed: The lack of availability or the increased cost of these purchased materials and components due to supply chain disruptions, inflation, increased tariffs, and/or other uncontrollable events have negatively affected our business operations and profitability and may continue to do so in the future.
+Added: The lack of availability or the increased cost of these purchased materials and components due to supply chain disruptions, inflation, increased tariffs, including broad-based reciprocal international tariffs, and/or other uncontrollable events have negatively affected our business operations and profitability and may continue to do so in the future.
Historically, we have mitigated commodity, component, parts, and other input cost increases, in part, by increasing prices on our products and executing on our strategic productivity initiatives.
7 unchanged sentences
Shortages of skilled labor, such as welders and machine operators, are ongoing and could negatively affect our production capabilities, lead to production inefficiencies, or increase our cost of operating.
−Removed: Labor shortages or increased labor costs could impair our ability to
−Removed: operate our business, meet customer commitments or grow our revenues, and could materially and adversely impact our business, results of operations and financial results.
+Added: Labor shortages or increased labor costs could impair our ability to operate our business, meet customer commitments or grow our revenues, and could materially and adversely impact our business, results of operations and financial results.
We depend on governmental sales, and a decrease in such sales could adversely affect our business, results of operations and financial condition.
31 unchanged sentences
These threats are constantly evolving, which increases the difficulty of defending against them or implementing adequate preventive measures.
−Removed: Sensitive information is also stored by our vendors and on the platforms and networks of third-party providers.
+Added: Sensitive information is also stored by our vendors and on the
+Added: platforms and networks of third-party providers.
Cyber-attacks on the Company, our vendors, or our third-party providers could result in inappropriate access to our intellectual property, Company data, or personally identifiable information of our global workforce, suppliers, or customers.
20 unchanged sentences
Some of our competitors are significantly larger than we are and have substantially greater financial and other resources at their disposal.
−Removed: We believe that we are able to compete
−Removed: successfully in our markets by, to some extent, avoiding direct competition with significantly larger potential competitors.
+Added: We believe that we are able to compete successfully in our markets by, to some extent, avoiding direct competition with significantly larger potential competitors.
There can be no assurance that our competitors will not substantially increase the resources devoted to the development and marketing of products competitive with our products or that new competitors with greater resources will not enter our markets.
4 unchanged sentences
Our success depends, to some extent, upon our ability to develop, market and sell cost-effective new products and applications that keep pace with technological developments in the markets we serve.
−Removed: We may not be successful in identifying, developing and marketing new products and applications or we may experience difficulties that could delay or prevent the successful development, introduction and marketing of such new products and applications, which could have a material adverse impact on our business and results of operations.
+Added: We may not be successful in
+Added: identifying, developing and marketing new products and applications or we may experience difficulties that could delay or prevent the successful development, introduction and marketing of such new products and applications, which could have a material adverse impact on our business and results of operations.
We operate and source internationally, which exposes us to the political, economic and other risks of doing business abroad.
56 unchanged sentences
If we are unable to successfully integrate acquired businesses, our future results may be negatively impacted.
+Added: We may not achieve anticipated cost savings or synergies associated with restructuring some of our business operations.
+Added: Efforts to restructure some of our business operations may not be successful.
+Added: We may encounter significant challenges in integrating the operations, management, and cultures of the affected entities.
+Added: These challenges could include difficulties in combining business processes, systems, and employee teams, which may lead to operational inefficiencies, loss of productivity, or failure to achieve anticipated cost savings or synergies.
+Added: Disposal of non-core assets may adversely affect our business, results of operations and financial condition.
+Added: We may sell or otherwise dispose of certain non-core assets or businesses.
+Added: The failure to execute such transactions successfully or to achieve favorable terms may result in a loss of value, reduced liquidity, or the inability to reinvest in more strategic opportunities.
The agricultural industry and the infrastructure maintenance industry are seasonal, and seasonal fluctuations may cause our results of operations and working capital to fluctuate from quarter to quarter.
23 unchanged sentences
We cannot assure you that we will be able to attract and hire suitable replacements for any of our key employees.
−Removed: We believe the loss of a key executive officer or other key employee could have an adverse effect on our business, results of operations, and financial condition.
+Added: We believe the loss of a
+Added: key executive officer or other key employee could have an adverse effect on our business, results of operations, and financial condition.
Increasingly stringent engine emission regulations could impact our ability to sell certain of our products into the market and appropriately price certain of our products, which could negatively affect our competitive position and financial results.
62 unchanged sentences
Certain stockholders own a significant amount of our common stock, and their interests may conflict with those of our other stockholders.
−Removed: As of December 31, 2023, four investors - Henry Crown and Company, BlackRock, Inc., Dimensional Fund Advisors LP, and The Vanguard Group - beneficially owned approximately 40% of our outstanding common stock.
+Added: As of December 31, 2024, four investors - Henry Crown and Company, BlackRock, Inc., The Vanguard Group, and Allspring Global Investments, LLC - beneficially owned approximately 38% of our outstanding common stock.
As a result, the major stockholders combined could be able to significantly influence the direction of the Company, the election of our Board of Directors, and the outcome of any other matter requiring stockholder approval, including mergers, consolidations and the sale of all or substantially all of our assets, and together with other beneficially owned investors, to prevent or cause a change in control of the Company.
3 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.