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What changed 10-K
Item 7A. Quantitative and Qualitative Disclosures About Market Risk
2023-12-14 compared with 2022-11-18 · 2 added, 2 removed, 18 unchanged (18% of the section changed)
9 unchanged sentences
Our product margins and level of profitability may fluctuate whether or not we sufficiently pass increases in purchased component and raw material costs on to our customers.
−Removed: We experience d a 40% increase in the average cost per ton of scrap steel and a 20% increase in the average cost of brass ingot in 2022 compared to 2021.
+Added: We experienced an 8% decrease in the average cost per ton of scrap steel and a 2% decrease in the average cost of brass ingot in 2023 compared to 2022.
See “Item 1A.
6 unchanged sentences
Our stockholders’ equity will fluctuate depending upon the weakening or strengthening of the United States dollar against these non-United States currencies.
−Removed: Net sales and expenses of these subsidiaries are translated into United States dollars at the average currency exchange rate during the period.
+Added: Net sales and expenses of these subsidiaries are translated into United States dollars at the average relevant foreign currency exchange rate during the period.
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.