11 unchanged sentences
however, the direct translation effect on net sales and net earnings can be estimated.
+Added: In 2021, changes in currency translation rates increased sales by approximately $26 million and increased net earnings by approximately $12 million.
In 2020, changes in currency translation rates increased sales by approximately $4 million and had an immaterial impact on net earnings.
−Removed: In 2019, changes in currency translation rates increased sales and net earnings by approximately $29 million and $12 million, respectively.
−Removed: In 2018, changes in currency translation rates increased sales and net earnings by approximately $15 million and $7 million, respectively
−Removed: 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.
−Removed: 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: 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.
−Removed: The Company’s backlog is not large enough to be a good indicator of future business levels.
+Added: Broad based end market recovery and demand levels remain strong in all segments and regions.
+Added: However, we expect component availability, price inflation and logistical challenges to continue at least into the first half of 2022.
+Added: As a result, our outlook for 2022 is high single-digit revenue growth on an organic, constant currency basis.
+Added: At January 2022 exchange rates, assuming the same volumes, mix of products and mix of business by currency as in 2021, the movement in foreign currencies would have an unfavorable impact of approximately 1 percent on sales and 3 percent on operating earnings in 2022.
+Added: The Company’s backlog is not a good indicator of future long-term business levels.
In addition to economic growth, the successful launch of new products and expanded distribution coverage, the sales outlook is dependent on many factors, including realization of price increases and stable foreign currency exchange rates.
1 unchanged sentence
The Company desires to take advantage of the “safe harbor” provisions regarding forward-looking statements of the Private Securities Litigation Reform Act of 1995 and is filing this Cautionary Statement in order to do so.
−Removed: From time to time various forms filed by our Company with the Securities and Exchange Commission, including this Form 10-K and our Form 10-Qs and Form 8-Ks, and other disclosures, including our overview report, press releases, earnings releases, analyst briefings, conference calls and other written documents or oral statements released by our Company, may contain forward-looking statements.
+Added: From time to time various forms filed by our Company with the Securities and Exchange Commission, including this Annual Report on Form 10-K and our Form 10-Qs and Form 8-Ks, and other disclosures, including our overview report, press releases, earnings releases, analyst briefings, conference calls and other written documents or oral statements released by our Company, may contain forward-looking statements.
Forward-looking statements generally use words such as “expect,” “foresee,” “anticipate,” “believe,” “project,” “should,” “estimate,” “will,” and similar expressions, and reflect our Company’s expectations concerning the future.
8 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.