5 unchanged sentences
We have experienced unpredictable reductions in demand for our services.
−Removed: In response to the COVID-19 pandemic, companies within the oil and natural gas and other industries (including our customers) have announced spending cuts and/or project delays which, in turn, have resulted in decreased awards of new contracts or adjustments, reductions, suspensions or cancellations of existing contracts.
−Removed: Such continued delays have impacted our business, results of operations and financial condition.
−Removed: The ongoing pandemic has also resulted in disruptions to labor and global supply chains, which have led to labor shortages and higher prices for some of the materials we need to run our business, including, but not limited to, structural steel, steel piping, rebar, valves, copper, and delivery freight.
−Removed: We have been proactive with managing our workforce and procurement processes to help reduce the impacts of labor shortages and rising materials prices on our business and to help ensure we continue to have the labor and materials we need available.
−Removed: However, rising prices and the potential for labor and materials shortages have created additional risk into bidding and executing work profitably.
+Added: In response to the COVID-19 pandemic, companies within the oil and natural gas and other industries (including our customers) have announced spending cuts and/or project delays which, in turn, have resulted in decreased awards of new contracts or adjustments, reductions, suspensions or cancellations of contracts.
We continue to monitor the potential for regulation requiring our employees to get vaccinated and/or tested frequently for COVID-19.
4 unchanged sentences
While we expect the COVID-19 pandemic to continue to have an adverse effect on our business, financial condition, liquidity, cash flow and results of operations, we are unable to predict the nature, timing and extent of these impacts at this time.
+Added: Our business has been affected by inflation, supply chain disruptions and shortages of materials and labor.
+Added: Following the onset of the pandemic and with the ongoing conflict between Ukraine and Russia in Europe, there has been a high degree of volatility in commodity and energy markets that affect our client's businesses.
+Added: In addition, inflation in the United States has reached multi-decade highs and has been increasing since the beginning of the fiscal year.
+Added: In some cases we have had to bid more competitively than before to win work, which has compressed margins somewhat given the higher inflation.
+Added: It is uncertain how this market environment will impact our business, both positively or negatively.
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.