5 unchanged sentences
We are subject to exposure from changes in short-term interest rates related to interest payments on our borrowing arrangements.
−Removed: A significant amount of our borrowings as of October 3, 2025 are variable-rate facilities based on the Secured Overnight Financing Rate (SOFR).
+Added: A significant amount of our borrowings as of April 3, 2026 are variable-rate facilities based on the Secured Overnight Financing Rate (SOFR).
In order to mitigate our interest rate risk, we may enter into interest rate swap or collar agreements.
−Removed: A hypothetical increase in interest rates of 1% during the three and nine months ended October 3, 2025 would have increased interest expense for our variable rate-based debt under the Enovis Credit Agreement by approximately $2.4 million and $7.0 million, respectively.
+Added: A hypothetical increase in interest rates of 1% during the three months ended April 3, 2026 would have increased interest expense for our variable rate-based debt under the Enovis Credit Agreement by approximately $2.1 million.
Exchange Rate Risk
1 unchanged sentence
Dollar and against the currencies of other countries in which we manufacture and sell products and services.
−Removed: During the three and nine months ended October 3, 2025, approximately 40% and 42% of our sales, respectively, were derived from operations outside the United States.
+Added: During the three months ended April 3, 2026, approximately 46% of our sales were derived from operations outside the United States.
We have manufacturing operations in certain foreign countries including Mexico, Switzerland, Italy, Germany, Tunisia, and China.
3 unchanged sentences
Dollars that are met with cash flows in other currencies as well as U.S.
−Removed: To better match revenue and expense, as well as cash needs from contractual liabilities, we may enter into currency swaps and forward contracts.
−Removed: We also face exchange rate risk from our investments in subsidiaries owned and operated in foreign countries.
+Added: To better match revenue and expense, as well as cash needs from contractual liabilities, we enter into currency swaps and forward contracts from time to time.
+Added: We face exchange rate risk from our investments in subsidiaries owned and operated in foreign countries.
Our cross-currency swap agreements hedge our net investment in our Swiss Franc-denominated subsidiaries against adverse movements in exchange rates between the U.S.
Dollar and the Swiss Franc.
−Removed: These swap agreements are designated and qualify as net investment hedges of our Swiss Franc net asset position.
+Added: Certain of these cross-currency swap agreements are designated and qualify as net investment hedges of our Swiss Franc net asset position.
The effect of a change in currency exchange rates on our investment in Swiss Franc subsidiaries, offset by the unrealized gain or loss on the cross-currency swap investment hedges, is reflected in the Accumulated other comprehensive loss component of Equity.
−Removed: We also face exchange rate risk from intercompany transactions between affiliates.
−Removed: Although we use the U.S.
−Removed: Dollar as our functional currency for reporting purposes, we have manufacturing sites throughout the world, and a substantial portion of our costs are incurred and sales are generated in foreign currencies.
+Added: Certain of these cross-currency swap agreements are not designated as net investment hedges, and changes in fair value are recognized in non-operating Other income (expense), net in the Consolidated Statement of Operations.
+Added: The dedesignation of these agreements as of January 1, 2026 resulted from the aggregate notional amount of designated cross-currency swaps exceeding the Company’s net investment in its Swiss Franc-denominated legal entity and its subsidiaries due to the prior-year goodwill impairment charges.
+Added: In the event the Company is unable to designate the remaining undesignated cross-currency swap agreements as net investment hedges during 2026, and changes in fair value will continue to be recognized in non-operating Other income (expense), net until such time as hedge designation is achieved.
+Added: We face exchange rate risk from intercompany transactions between affiliates.
Costs incurred and sales recorded by subsidiaries operating outside of the United States are translated into U.S.
−Removed: Dollars using exchange rates effective during the respective period.
+Added: Dollars using exchange rates effective during the
+Added: respective period.
As a result, we are exposed to movements in the exchange rates of various currencies against the U.S.
Similarly, tax costs may increase or decrease as local currencies strengthen or weaken against the U.S.
+Added: We face exchange rate risk arising from intercompany loan balances between foreign-denominated subsidiaries.
+Added: Our forward currency contracts with notional amounts of $130.2 million to purchase Euros and sell Swiss Francs and $282.3 million to purchase U.S.
+Added: dollars and sell Euros, which both mature on July 2, 2026, help to hedge our exposure to currency exchange rate risk arising from intercompany loan balances between foreign-denominated subsidiaries.
+Added: These forward currency contract agreements were designated and qualified as fair value hedges.
+Added: The gain or loss on derivative instruments designated as fair value hedges of currency exchange rate risk related to intercompany loan balances is recorded in Selling, general and administrative expense in the Condensed Consolidated Statements of Operations.
+Added: This presentation is consistent with and offsets the recognition of foreign currency gains and losses resulting from the remeasurement of the hedged intercompany loan balances denominated in currencies other than their functional currencies.
Commodity Price Risk
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.