15 unchanged sentences
As of October 31, 2023, we oper ated 28 manufacturing facilities located in 15 states in the U.S., two facilities in the U.K., and one in Germany.
−Removed: These facilities feature effi cient plant design and flexible manufacturing processes, enabling us to produce a wide variety of custom engineered products and components primarily focused on the window and door segment of the residential building products markets.
+Added: These facilities feature efficient plant design and flexible manufacturing processes, enabling us to produce a wide variety of custom engineered products and components primarily f ocused on the window and door segment of the residential building products markets.
We are able to maintain minimal levels of finished goods inventories at most locations because we typically manufacture products upon order to customer specifications.
17 unchanged sentences
2025 1,027 9% 423 2% 115 13% 1,565
−Removed: Ducker Worldwide LLC, a consulting and research firm, indicated in November 2022 that window shipments in the residential remodeling and replacement (R&R) market are expected to increase approximately 3% for the calendar-year 2022 and approximately 2% in 2023.
−Removed: Derived from reports published by Ducker, the overall increase in window shipments for the trailing twelve months ended September 30, 2022 was 3%.
−Removed: During this period, new construction activity increased 2% and R&R replacement increased 4% respectively.
−Removed: Projections from Catalina Research, a consulting and research firm, as of November 2022 include growth rates for semi-custom (the cabinet market we primarily operate in) and overall cabinet markets.
−Removed: The semi-custom market increased 11% in calendar-year 2021, and is forecasted to increase 13% in 2022 followed by a forecasted decrease of 4% in 2023.
−Removed: The overall cabinet market increased 16% in 2021 calendar-year, and is forecasted to increase 15% in 2022 followed by a forecasted decrease of 3% in 2023.
+Added: Ducker Worldwide LLC, a consulting and research firm, indicated in November 2023 that window shipments in the residential remodeling and replacement (R&R) market are expected to decrease approximately 6% for the calendar-year 2023 and increase approximately 1% in 2024.
+Added: Derived from reports published by Ducker, the overall decrease in window shipments for the trailing twelve months ended September 30, 2023 was 8%.
+Added: During this period, new construction activity decreased 13% and R&R replacement decreased 3% respectively.
We have noted the following trends which we believe affect our industry:
23 unchanged sentences
• offer logistics solutions that provide our customers with just-in-time service which can reduce their processing costs;
−Removed: • recognize the importance of environmental, social, and corporate governance by continually looking for ways to reduce our environmental impact, including reducing our carbon footprint, protecting the health and safety of our employees and communities, and engaging diverse workers and leaders, and remain committed to doing good in our community;
+Added: • recognize the importance of sustainability by continually looking for ways to reduce our environmental impact and carbon footprint, protect the health and safety of our employees and communities, engage diverse workers and leaders, and remain committed to doing good in our community;
• pursue targeted business acquisitions that allow us to expand our existing footprint, enhance our existing product offerings, acquire complementary technology, enhance our leadership position within the markets we serve, and expand into adjacent markets or service lines;
−Removed: • exit unprofitable service lines or customer relationships.
+Added: • exit unprofitable or non-core service lines or customer relationships.
Our Strengths
8 unchanged sentences
We compete with a number of companies, some of which have greater financial resources than us.
−Removed: We believe the primary competitive factors in the markets we serve include price, product quality, delivery and the ability to manufacture to customer specifications.
+Added: We believe the primary competitive factors in the markets we serve include price, product quality, delivery performance, and the ability to manufacture to customer specifications.
The volume of engineered building products that we manufacture represents a small percentage of annual domestic consumption.
6 unchanged sentences
Competition is largely based on regional presence, custom engineering, product development, quality, service and price.
−Removed: Primary competitors include, but are not limited to, Veka, Deceuninck, Energi, Vision Extrusions, GED Integrated Solutions, Technoform, Swiss Spacer, Thermix, RiteScreen, Allmetal, Endura, Klinger, Thermoseal and Fenzi Group.
+Added: Primary competitors in the North American Fenestration business include, but are not limited to, Veka, Deceuninck, Energi, Vision Extrusions, GED Integrated Solutions, Technoform, Swiss Spacer, Thermix, RiteScreen, Allmetal, Endura, Klinger, Thermoseal and Fenzi Group.
Competitors in the vinyl extrusion business in the U.K.
58 unchanged sentences
Currently, none of our employees are subject to collective bargaining agreements.
−Removed: Employee turnover rates are monitored monthly at the division and plant levels.
+Added: Employee turnover rates are monitored monthly a t the division and plant levels.
Both voluntary and involuntary terminations, including retirements, are used to calculate the turnover rate.
7 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.