5 unchanged sentences
Ou r debt bears interest at variable rates and accordingly is sensitive to changes in interest rates.
−Removed: Based upon the balances of the variable rate debt at January 31, 2025 , a hypothetical 1.0% increase or decrease in interest rates could result in approximately $7.1 million of additional pretax charges or credit to our net income per year.
+Added: Based upon the balances of the variable rate debt at April 30, 2025 , a hypothetical 1.0% increase or decrease in interest rates could result in approximately $7.2 million of additional pretax charges or credit to our net income per year.
This sensitivity is impacted by the amount of borrowin gs under our credit facilities, and amounts outstanding under finance leases.
Foreign Currency Rate Risk
−Removed: Our int ernational operations have exposure to foreign currency rate risks, primarily due to fluctuations in the Euro, the British Pound Sterling, and the Mexican Peso.
+Added: Our int ernational operations have exposure to foreign currency rate risks, primarily due to fluctuations in the Euro, the British Pound Sterling (“GBP”) , and the Mexican Peso (“MXN”).
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: As of January 31, 2025, we have outstanding forward foreign exchange contracts to hedge our foreign currency exposures against the USD to GBP, with a notional principal amount of $8.3 million, and foreign currency exposures against the MXN to USD, with a notional principal amount of $18.0 million.
+Added: As of April 30, 2025, we have outstanding forward foreign exchange contracts to hedge our foreign currency exposures against USD to GBP, with a notional principal amount of $1.0 million, and foreign currency exposures against MXN to USD, with a notional principal amount of $10.0 million.
Hedge accounting is not applied to our foreign exchange contracts.
−Removed: During the three months ended January 31, 2025 and 2024, we recognized a net gain of $0.1 million and zero, respectively, related to our forward foreign exchange contracts.
−Removed: The value of our forward foreign exchange contracts fluctuates based on exchange rate fluctuations against the USD to GBP, and the MXN to USD.
+Added: During the six months ended April 30, 2025 and 2024, we recognized a net gain of $0.8 million and zero, res pectively, related to our forward foreign exchange contracts.
+Added: The value of our forward foreign exchange contracts fluctuate based on exchange rate fluctuations against USD to GBP, and the MXN to USD.
Commodity Price Risk
−Removed: We purchase PVC as the significant raw material consumed in the manufacture of vinyl extrusions.
−Removed: We have resin adjusters in place with a majority of our customers and our resin supplier that is adjusted based upon published indices for lagging resin prices.
+Added: We purchase PVC as the significant raw material consumed in the manufacturing of vinyl extrusions.
+Added: We have resin adjusters in place with a majority of our customers and our resin supplier that are adjusted based upon published indices for lagging resin prices.
These adjusters effectively share the base pass-through price changes of PVC with our customers commensurate with the market at large.
2 unchanged sentences
We adjust the pricing of petroleum-based raw materials for the majority of our customers who purchase products using these materials.
−Removed: This is intended to offset the fluctuating cost of products which are highly correlated to the price of oil including butyl and other oil-based raw materials.
+Added: This is intended to offset the fluctuating cost of products that are highly correlated to the price of oil including butyl and other oil-based raw materials.
This program is adjusted monthly based upon the 90-day average published price for Brent crude.
3 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: In the Tyman business, contractual price adjustment mechanisms in place for key commodities including stainless steel and zinc for many large customers in the U.S.
+Added: In the Tyman business, contractual price adjustment mechanisms are in place for key commodities including stainless steel and zinc for many large customers in the U.S.
For those customers not covered by these contractual mechanisms, we have successfully implemented surcharges and general price increases to share the impact of price changes with our customers.
3 unchanged sentences
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 are included within our Annual Report on Form 10-K for the fiscal year ended October 31, 2024.
+Added: Certain raw materials and commodities we use to manufacture our products are subject to tariffs.
+Added: Currently, there is an uncertainty on how recently enacted tariffs and potential future tariffs may affect the price of these raw materials and commodities.
+Added: We are constantly assessing potential supply chain vulnerability and implementing strategies (i.e.
+Added: surcharges) to
+Added: mitigate potential tariff impacts.
+Added: We are also utilizing local supply chains where possible to reduce supply and cost risks.
+Added: Additionally, we continue to explore alternative supply sources and evaluate shifts in demand.
+Added: Further discussion of our industry risks is included within our Annual Report on Form 10-K for the fiscal year ended October 31, 2024 and the section entitled “Item 1A.
+Added: Risk Factors” within this Form 10-Q.
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.