11 unchanged sentences
Sanitaryware, Bath Furniture, Shower Systems and Other.
−Removed: As a result of the increased significance of shower systems in our product portfolio, the Company has created a standalone “Shower Systems” product category in 2023, as detailed below.
−Removed: The “Other” category continues to comprise our kitchen cabinetry and other smaller offerings.
−Removed: The updates were applied retroactively to impacted product categories.
−Removed: Such changes had no impact on the Company's historical consolidated financial position, results of operations or cash flows.
Our brand and category makeup of our net sales is as follows:
26 unchanged sentences
Outside of extreme recession years in the United States, such as 2007-2009, the R&R markets have experienced consistent 3% to 5% annual growth rates for more than 25 years, providing a predictable and recurring revenue model for the majority of our product lines.
−Removed: The primary drivers of such consistent and above-GDP growth rates
−Removed: are the pace of household formation, home price appreciation, strong housing turnover and the continued aging of the U.S.
+Added: The primary drivers of such consistent and above-GDP growth rates are the pace of household formation, home price appreciation, strong housing turnover and the continued aging of the U.S.
housing stock in our primary geographic markets.
149 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.