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The full effect of the COVID-19 pandemic on our business is currently unknown but it may adversely affect our business and operating results.
−Removed: The full impacts of the global emergence of COVID-19 on our business and financial results are currently unknown.
+Added: The full impacts of the global emergence of COVID-19 on our business and financial results remain unknown.
We are conducting business with modifications to our manufacturing production levels, mill and distribution center housekeeping and cleanliness protocols, employee travel, employee work locations, and virtualization or cancellation of certain sales and marketing events, among other modifications.
−Removed: We have observed other companies as well as various governmental agencies taking precautionary and preemptive actions to address COVID-19, and further actions may yet be taken that alter our normal business operations as well as those in our industry.
−Removed: Department of Homeland Security (DHS) has designated the forest products industry, and thereby wood products manufacturing and building materials distribution, as part of the Essential Critical Infrastructure Workforce.
+Added: Companies and various governmental agencies have taken precautionary and preemptive actions to address COVID-19, and further actions may yet be taken that alter our normal business operations as well as those in our industry.
+Added: Department of Homeland Security (DHS) has continued to designate the forest products industry, and thereby wood products manufacturing and building materials distribution, as part of the Essential Critical Infrastructure Workforce.
However, state and local agencies are not mandated to follow the DHS designations, and in certain geographies across the U.S., additional restrictions have been imposed that further limit or preclude residential construction activity.
−Removed: In April 2020, we temporarily curtailed or reduced operating schedules at essentially all of our manufacturing facilities.
−Removed: All of our distribution facilities are operating, but at reduced activity levels.
−Removed: We may be required to continue temporary curtailments and to operate both manufacturing and distribution facilities at reduced levels, which would result in further negative impacts on our business, financial condition, results of operations, and cash flows.
−Removed: We continue to actively monitor evolving developments and may take further actions that alter our business operations as may be required by federal, state or local authorities, or that we determine are in the best interests of our associates, customers, suppliers, and stockholders.
+Added: All of our manufacturing and distribution facilities are operating, but we have experienced periodic disruptions at many locations due to COVID-19.
+Added: We may be required to implement temporary curtailments and to operate both manufacturing and distribution facilities at reduced levels, which would result in negative impacts on our business, financial condition, results of operations, and cash flows.
+Added: We continue to actively monitor evolving developments and may take actions that alter our business operations as may be required by federal, state or local authorities, or that we determine are in the best interests of our associates, customers, suppliers, and stockholders.
A material disruption at one of our manufacturing facilities could prevent us from meeting customer demand, including the demand from our Building Materials Distribution business, reduce our sales, and/or negatively affect our financial results.
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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.