7 unchanged sentences
Political and economic conditions globally have caused, and may continue to cause, our demand for and the cost of our raw materials to fluctuate.
−Removed: War, armed hostilities, terrorist acts, civil unrest, inclement weather events, or other incidents may also cause a sudden, sharp, or prolonged change in our demand for and the cost of our raw materials.
+Added: War, armed hostilities, terrorist acts, civil unrest, inclement weather events, tariffs, or other incidents may also cause a sudden, sharp, or prolonged change in our demand for and the cost of our raw materials.
We cannot assure that we will be able to pass on to our customers any future increases in raw material costs in the form of price increases for our products.
−Removed: If our demand for raw materials were to decline such that we would not have need for the quantities required to be purchased under commitment agreements, we could incur additional charges that would affect our profitability.
+Added: If our demand for raw materials were to decline such that we would not have need for the quantities
+Added: required to be purchased under commitment agreements, we could incur additional charges that would affect our profitability.
• Lack of availability of raw materials, including sourcing from some single suppliers, could negatively impact our ability to meet customer demand.
16 unchanged sentences
The loss of a significant customer or a material reduction in purchases by a significant customer could reduce our revenues and negatively affect our profitability.
+Added: • A significant portion of our specialty materials business is under contracts with contractors or subcontractors of the U.S.
+Added: These contracts are impacted by governmental priorities and are subject to potential fluctuations in funding or early termination, including for convenience, any of which could have a material adverse effect on our results of operations, financial condition, or cash flows.
+Added: Sales to U.S.
+Added: government contractors and subcontractors, as well as directly to the U.S.
+Added: government, represent a significant portion of our specialty materials business.
+Added: Funding of U.S.
+Added: governmental programs is generally subject to annual congressional appropriations, which are subject to change.
+Added: In the case of major programs, U.S.
+Added: government contracts are usually incrementally funded.
+Added: In addition, U.S.
+Added: government expenditures for defense and space programs may fluctuate from year to year, and specific programs may be terminated or curtailed.
+Added: government often has the ability to terminate contracts, in whole or in part, for convenience.
+Added: If this were to occur, the full profit anticipated under a given contract is unlikely to be realized.
+Added: A shift in governmental priorities, programs, strategies, or funding levels impacting the defense and space industries more generally or the specific areas of those industries in which we operate could negatively affect our results of operations, financial condition, or cash flows.
Operational Risks
29 unchanged sentences
Moreover, new products may have lower margins than the products they replace.
−Removed: • In order to be successful, we must attract and retain a highly qualified workforce, including key employees in leadership positions.
−Removed: The success of our business is highly dependent on our ability to attract and retain highly qualified personnel to support our research and development efforts and our agility in effectively responding to technological changes in our industry.
+Added: • In order to be successful, we must attract and retain a highly qualified workforce, including key employees in R&D and leadership positions.
+Added: The success of our business is highly dependent on our ability to attract and retain highly qualified personnel to support our research and development efforts and our agility in effectively responding to technological changes in our business.
To the extent that the demand for skilled personnel exceeds supply, we could experience higher labor, recruiting, or training costs in order to attract and retain such a work force.
−Removed: We compete with other companies, both within and outside of our industry, for qualified technical and scientific personnel such as chemical, mechanical, and industrial engineers.
+Added: We compete with other companies for qualified technical and scientific personnel such as chemical, mechanical, and industrial engineers.
To the extent that we lose experienced personnel through wage competition, normal attrition (including retirement), or other means, we must be able to attract qualified candidates to fill those positions and successfully manage the transfer of critical knowledge from those individuals leaving our company.
41 unchanged sentences
In particular, we sell and market products in countries experiencing political and/or economic instability in the Middle East, Asia Pacific, Latin America, and Europe.
−Removed: Our international operations are subject to international business risks, including unsettled political conditions, war, expropriation, import and export restrictions, trade policies, increases in royalties, exchange controls, national and regional labor strikes, taxes, government royalties, inflationary or unstable economies, currency exchange rate fluctuations, and changes in laws and policies governing operations of foreign-based companies (such as restrictions on repatriation of earnings or proceeds from liquidated assets of foreign subsidiaries).
+Added: Our international operations are subject to international business risks, including unsettled political conditions, war, expropriation, import and export restrictions, tariffs, trade policies, increases in royalties, exchange controls, national and regional labor strikes, taxes, government royalties, inflationary or unstable economies, currency exchange rate fluctuations, and changes in laws and policies governing operations of foreign-based companies (such as restrictions on repatriation of earnings or proceeds from liquidated assets of foreign subsidiaries).
The occurrence of any one or a combination of these factors may increase our costs or have other adverse effects on our business.
89 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.