11 unchanged sentences
however, the direct translation effect on net sales and net earnings can be estimated.
+Added: In 2020, changes in currency translation rates increased sales by approximately $4 million and had an immaterial impact on net earnings.
In 2019, changes in currency translation rates increased sales and net earnings by approximately $29 million and $12 million, respectively.
In 2018, changes in currency translation rates increased sales and net earnings by approximately $15 million and $7 million, respectively
−Removed: In 2017 , changes in currency translation rates reduced sales and net earnings by approximately $2 million and $1 million, respectively.
−Removed: We expect challenging end market conditions to remain in place for at least the first half of 2020 in our Industrial and Process segments.
+Added: We expect challenging end market conditions to remain in place for at least the first half of 2021 in our Industrial and Process segments as government actions continue to restrict economic activity in response to the COVID-19 pandemic.
Our outlook for the Contractor segment remains positive as favorable conditions continue, and demand for our products is solid across major end markets and product categories.
−Removed: As a result, our outlook for 2020 is low single-digit revenue growth on an organic, constant currency basis.
−Removed: At January 2020 exchange rates, assuming the same volumes, mix of products and mix of business by currency as in 2019, the movement in foreign currencies would have an immaterial impact on sales and operating earnings in 2020, with a modest unfavorable impact in the first half of the year.
+Added: At January 2021 exchange rates, assuming the same volumes, mix of products and mix of business by currency as in 2020, the movement in foreign currencies would be a benefit of approximately 2 percent on sales and 6 percent on operating earnings in 2021, with the most significant impact in the first half of the year.
The Company’s backlog is not large enough to be a good indicator of future business levels.
13 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.