8 unchanged sentences
Foreign Currency Rate Risk
−Removed: Our international operations have exposure to foreign currency rate risks, primarily due to fluctuations in the Euro and the British Pound Sterling.
−Removed: 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: Our outstanding forward foreign exchange contracts have a notional principal amount of $18.6 million at October 31, 2024.
+Added: Our international operations have exposure to foreign currency rate risks, due primarily to fluctuations in the Euro, the British Pound Sterling and the Mexican Peso (“MXN”) exchange rates, to the U.S.
+Added: Dollar (“USD”).
+Added: From time to time, we enter into foreign exchange contracts associated with our operations to manage a portion of the foreign currency rate risk and the potential impact to ongoing cash flows.
Hedge accounting is not applied to our foreign exchange contracts.
−Removed: During the year ended October 31, 2024 and 2023, we recognized a loss of $0.3 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 and GBP.
+Added: As of October 31, 2025, we have outstanding forward foreign exchange contracts to hedge our foreign currency exposures against the MXN to the USD, with a notional principal amount of $20.0 million.
+Added: During the year ended October 31, 2025 and 2024, we recognized a net loss of less than $0.1 million and $0.3 million, respectively, related to our forward foreign exchange contracts.
Commodity Price Risk
4 unchanged sentences
However, there is a level of exposure to short-term volatility due to timing lags.
−Removed: We adjust the pricing of petroleum-based raw materials for the majority of our U.S.
−Removed: customers who purchase products using these materials.
+Added: We adjust the pricing of petroleum-based raw materials for the majority of our customers who purchase products using these materials.
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.
2 unchanged sentences
As such, our long-term exposure to increases in oil-based raw material prices is significantly reduced under this program.
−Removed: Similarly, NA Cabinet Components includes a price index provision in the majority of its customer arrangements to insulate against significant fluctuations in the price for various hardwood products used as the primary raw material for kitchen and bathroom cabinet doors.
+Added: Similarly, we include a price index provision to insulate against significant fluctuations in the price for various hardwood products used as the primary raw material for kitchen and bathroom cabinet doors.
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 are in place for key commodities including stainless steel and zinc for most large U.S.
+Added: For our remaining businesses, contractual price adjustment mechanisms are in place for key commodities including stainless steel and zinc for most large U.S.
customers, but not all.
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, polypropylene and other inputs.
+Added: Certain raw materials and commodities we use to manufacture our products are subject to tariffs.
+Added: Currently, there is 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 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, 2025 and the section entitled “Item 1A.
+Added: Risk Factors” within this Form 10-K.
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.