11 unchanged sentences
Period Total number of shares purchased Weighted-average price paid per share Total number of shares purchased as part of a publicly announced plan Maximum number of shares that may yet be purchased under the plan
−Removed: October 2021 — $ — — 2,658,627
+Added: — $ — — 1,294,842
November 2022
+Added: 88,042 27.54 88,042 1,206,800
December 2022
−Removed: January 2022 — — — 2,595,881
+Added: 983 27.54 983 1,205,817
+Added: — — — 1,205,817
February 2023
−Removed: March 2022 184,149 33.17 184,149 2,306,697
−Removed: April 2022 20,000 32.46 20,000 2,286,697
−Removed: May 2022 422,736 30.69 422,736 1,863,961
−Removed: June 2022 261,795 31.42 261,795 1,602,166
−Removed: July 2022 — — — 1,602,166
−Removed: August 2022 106,000 26.22 106,000 1,496,166
+Added: 549 37.09 549 1,205,268
+Added: 7,057 37.79 7,057 1,198,211
+Added: — — — 1,198,211
+Added: — — — 1,198,211
+Added: 2,068 38.86 2,068 1,196,143
+Added: — — — 1,196,143
+Added: 1,130 32.79 1,130 1,195,013
September 2023
+Added: — — — 1,195,013
Total 99,829 $ 28.61 99,829
20 unchanged sentences
Memorialization, Industrial Technologies and SGK Brand Solutions.
−Removed: Effective in the first quarter of fiscal 2022, the Company transferred its surfaces and engineered products businesses from the SGK Brand Solutions segment to the Industrial Technologies segment.
−Removed: This business segment change is consistent with internal management structure and reporting changes effective for fiscal 2022.
−Removed: Prior periods were revised to reflect retrospective application of this segment realignment.
The Memorialization segment consists primarily of bronze and granite memorials and other memorialization products, caskets, cremation-related products, and cremation and incineration equipment primarily for the cemetery and funeral home industries.
−Removed: The Industrial Technologies segment includes the design, manufacturing, service and distribution of high-tech custom energy storage solutions, product identification and warehouse automation technologies and solutions, including order fulfillment systems for identifying, tracking, picking and conveying consumer and industrial products.
+Added: The Industrial Technologies segment includes the design, manufacturing, service and distribution of high-tech custom energy storage solutions;
+Added: product identification and warehouse automation technologies and solutions, including order fulfillment systems for identifying, tracking, picking and conveying consumer and industrial products;
+Added: and coating and converting lines for the packaging, pharma, foil, décor and tissue industries.
The SGK Brand Solutions segment consists of brand management, pre-media services, printing plates and cylinders, imaging services, digital asset management, merchandising display systems, and marketing and design services primarily for the consumer goods and retail industries.
1 unchanged sentence
Adjusted EBITDA is defined by the Company as earnings before interest, income taxes, depreciation, amortization and certain non-cash and/or non-recurring items that do not contribute directly to management’s evaluation of its operating results.
−Removed: These items include stock-based compensation, the non-service portion of pension and postretirement expense, acquisition costs, ERP integration costs, and strategic initiatives and other charges.
+Added: These items include stock-based compensation, the non-service portion of pension and postretirement expense, acquisition and divestiture costs, ERP integration costs, and strategic initiatives and other charges.
This presentation is consistent with how the Company's chief operating decision maker (the “CODM”) evaluates the results of operations and makes strategic decisions about the business.
27 unchanged sentences
Sales for the year ended September 30, 2023 were $1.88 billion, compared to $1.76 billion for the year ended September 30, 2022, representing an increase of $118.5 million.
−Removed: The increase in fiscal 2022 sales reflected higher sales in the Memorialization and Industrial Technologies segments, partially offset by lower sales in the SGK Brand Solutions segment.
+Added: The increase in fiscal 2023 sales reflected higher sales in the Industrial Technologies and Memorialization segments, partially offset by lower sales in the SGK Brand Solutions segment.
On a consolidated basis, changes in foreign currency exchange rates were estimated to have an unfavorable impact of $23.6 million on fiscal 2023 sales compared to the prior year.
Memorialization segment sales for fiscal 2023 were $843.0 million, compared to $840.1 million for fiscal 2022.
−Removed: The increase in sales resulted from improved price realization, increased unit sales of bronze and granite memorial products, higher sales of mausoleums and U.S.
−Removed: cremation equipment, and benefits from the fiscal 2021 acquisition of a small cemetery products business.
−Removed: These increases were partially offset by lower unit sales of caskets compared to the prior year.
+Added: The sales increase reflected improved price realization, higher sales of mausoleums and cremation equipment in the U.S., and benefits from the acquisition of Eagle Granite Company (see Acquisitions and Divestitures below).
+Added: These increases were partially offset by lower unit sales of caskets and bronze memorial products, reflecting a decrease in coronavirus disease 2019 ("COVID-19") related deaths in fiscal 2023, and lower sales of cremation and incineration products in Europe.
Changes in foreign currency exchange rates had an unfavorable impact of $1.8 million on the segment's sales compared to the prior year.
Industrial Technologies segment sales for fiscal 2023 were $505.8 million, compared to $335.5 million for fiscal 2022.
−Removed: The sales increase primarily reflected higher sales of purpose-built engineered products (primarily energy storage solutions for the electric vehicle market), increased sales of warehouse automation solutions, higher product identification sales, and benefits from the recently completed acquisition of OLBRICH GmbH (“OLBRICH”) and R+S Automotive GmbH (“R+S Automotive”) (see Acquisitions and Divestitures below).
−Removed: These increases were partially offset by reduced sales of surfaces products.
+Added: The sales increase primarily reflected the impact of the fiscal 2022 acquisitions of OLBRICH GmbH (“OLBRICH”) and R+S Automotive GmbH (“R+S Automotive”) (see Acquisitions and Divestitures below).
+Added: The increase in sales also reflected higher sales of purpose-built engineered products (primarily energy storage solutions for the electric vehicle market) and higher product identification sales.
+Added: These increases were partially offset by lower sales of warehouse automation solutions.
Changes in foreign currency exchange rates had an unfavorable impact of $5.7 million on the segment's sales compared to the prior year.
−Removed: In the SGK Brand Solutions segment, sales for fiscal 2022 were $586.8 million, compared to $617.5 million in fiscal 2021, representing a decrease of $30.7 million.
−Removed: The decrease primarily resulted from unfavorable changes in foreign currency exchange rates, which had an unfavorable impact of $34.8 million on the segment's sales compared to the prior year.
−Removed: The change in sales also reflected higher retail-based sales (principally merchandising solutions), higher brand sales in the Asia-Pacific market, and increased sales volume for cylinder (primarily packaging) products, partially offset by lower brand sales in the U.S.
−Removed: The sales decline in Europe primarily resulted from weakened economic conditions.
+Added: In the SGK Brand Solutions segment, sales for fiscal 2023 were $532.1 million, compared to $586.8 million in fiscal 2022.
+Added: Changes in foreign currency exchange rates had an unfavorable impact of $16.1 million on the segment's sales compared to the prior year.
+Added: The decrease in sales also reflected lower brand sales in the U.S.
+Added: and Europe (including lower retail-based sales) and a decline in sales of cylinder (packaging) products in Europe.
+Added: These decreases were partially offset by higher brand sales in the Asia-Pacific market and improved price realization.
Gross profit for the year ended September 30, 2023 was $577.7 million, compared to $522.3 million for fiscal 2022.
Consolidated gross profit as a percent of sales was 30.7% and 29.6% in fiscal 2023 and fiscal 2022, respectively.
−Removed: The decrease in gross profit primarily reflected the impact of higher material (steel, lumber and bronze ingot), labor and transportation costs, particularly in the Memorialization segment, unfavorable changes in sales mix and lower margins on cylinder products within the SGK Brand Solutions segment, and lower margins on U.K.
−Removed: based cremation and incineration projects.
−Removed: Fiscal 2022 gross profit also included $9.7 million of asset write-downs related to the current war between Russia and Ukraine (see Note 23, "Asset Write-downs" in Item 8 - "Financial Statements and Supplementary Data" for further details).
−Removed: These decreases in gross profit were partially offset by the impact of higher sales, benefits from the realization of productivity improvements and other
+Added: The increase in gross profit primarily reflected the impact of higher sales (including benefits from recent acquisitions), lower transportation costs, and benefits from the realization of productivity improvements and other cost-reduction initiatives.
+Added: These increases in gross profit were partially offset by the impact of higher material and labor costs, and lower margins on purpose-built engineered products.
+Added: Gross profit also included acquisition integration costs and other charges primarily in connection with cost-reduction initiatives totaling $12.2 million and $12.6 million in fiscal 2023 and 2022, respectively.
+Added: Fiscal 2022 gross
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.