9 unchanged sentences
From time to time, we enter into foreign exchange contracts associated with our operations to manage a portion of the foreign currency rate risk.
−Removed: There were no corresponding foreign currency derivatives as of April 30, 2024 or October 31, 2023.
−Removed: On May 2, 2024, we entered into a deal contingent foreign exchange forward currency contracts to manage our exposure to foreign currency exchange rate fluctuations against the USD and GBP for approximately $605 million of the $1.1 billion purchase consideration for the proposed Tyman Acquisition.
−Removed: These forward contracts expire if the Tyman Acquisition terminates or does not close by March 18, 2025.
+Added: There were no corresponding foreign currency derivatives as of July 31, 2024 or October 31, 2023.
+Added: On May 2, 2024, we entered into a deal contingent foreign exchange forward currency contract to manage our exposure to foreign currency exchange rate fluctuations against the USD and GBP for approximately $605 million of the $1.1 billion purchase consideration for the Tyman Acquisition.
+Added: During the three months ended July 31, 2024, we recognized a gain of $9.2 million related to this foreign exchange forward currency contract and the contract was concluded in August 2024 as a result of the completion of the Tyman Acquisition.
Commodity Price Risk
11 unchanged sentences
Like our vinyl extrusion business, we are exposed to short-term volatility in wood prices due to a lag in the timing of price updates which generally could extend for up to three months.
−Removed: We have begun implementing additional programs for other raw materials to facilitate more accurate pricing and reduce our exposure to changing material costs when necessary, however these are also subject to timing lags.
+Added: We have begun implementing additional programs for other raw materials to facilitate more accurate pricing and reduce our exposure to changing material costs when necessary;
+Added: however, these are also subject to timing lags.
While we maintain surcharges and other adjusters to manage our exposure to changes in the prices of our critical raw materials, we use several commodities in our business that are not covered by contractual surcharges or adjusters for which pricing can fluctuate, including PVC compound micro ingredients, silicone and other inputs.
−Removed: Further discussion of our industry risks is included within our Annual Report on Form 10-K for the fiscal year ended October 31, 2023.
+Added: Further discussion of our industry risks are included within our Annual Report on Form 10-K for the fiscal year ended October 31, 2023.
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.