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 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.
+Added: Based upon the balances of the variable rate debt at July 31, 2025 , a hypothetical 1.0% increase or decrease in interest rates could result in approximately $6.7 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.
2 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: 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.
−Removed: Hedge accounting is not applied to our foreign exchange contracts.
−Removed: 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.
−Removed: The value of our forward foreign exchange contracts fluctuate based on exchange rate fluctuations against USD to GBP, and the MXN to USD.
+Added: As of July 31, 2025, we have no outstanding forward foreign exchange contracts .
+Added: During the nine months ended July 31, 2025 and 2024, we recognized a net gain of $0.3 million and zero, res pectively, related to our forward foreign exchange contracts.
Commodity Price Risk
20 unchanged sentences
We are constantly assessing potential supply chain vulnerability and implementing strategies (i.e.
−Removed: surcharges) to
−Removed: mitigate potential tariff impacts.
+Added: surcharges) to mitigate potential tariff impacts.
We are also utilizing local supply chains where possible to reduce supply and cost risks.
3 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.