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 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.
−Removed: This sensitivity is impacted by the amount of borrowin gs under our credit facilities, and amounts outstanding under finance leases.
+Added: Based upon the balances of the variable rate debt at January 31, 2026 , a hypothetical 1.0% increase or decrease in interest rates could result in approximately $6.6 million of additional pretax charges or credit to our net income per year.
+Added: This sensitivity pertains primarily to our outstanding revolving credit facility borrowings outstanding under the Credit Facility as of January 31, 2026.
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 (“GBP”) , and the Mexican Peso (“MXN”).
−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: As of July 31, 2025, we have no outstanding forward foreign exchange contracts .
−Removed: 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.
+Added: Our international operations have exposure to foreign currency rate risks, due primarily to fluctuations in the Euro, the British Pound Sterling (“GBP”) 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.
+Added: Hedge accounting is not applied to our foreign exchange contracts.
+Added: As of January 31, 2026, 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 $5.0 million .
+Added: As of January 31, 2026, we have no outstanding forward foreign exchange contracts .
+Added: During the three months ended January 31, 2026 and 2025, we recognized a net gain of $0.6 million and $0.1 million, res pectively, related to our forward foreign exchange contracts.
Commodity Price Risk
−Removed: We purchase PVC as the significant raw material consumed in the manufacturing of vinyl extrusions.
−Removed: 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.
+Added: We purchase PVC as the significant raw material consumed in the manufacture of vinyl extrusions.
+Added: 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.
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 that 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 which 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 are in place for key commodities including stainless steel and zinc for many large customers in the U.S.
−Removed: 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.
−Removed: Like our other commodities, there is exposure to short-term volatility due to a lag in the timing of implementing price increases.
−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;
−Removed: however, these are also subject to timing lags.
−Removed: 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.
+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.
+Added: customers, but not all.
+Added: For those customers not covered by contractual mechanisms, we have successfully implemented surcharges and general price increases to share the impact of price changes with our customers.
+Added: Like our other businesses, there is exposure to short-term volatility due to a lag in the timing of implementing price increases.
+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, however these are also subject to timing lags.
+Added: 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.
Certain raw materials and commodities we use to manufacture our products are subject to tariffs.
1 unchanged sentence
We are constantly assessing potential supply chain vulnerability and implementing strategies (i.e.
−Removed: surcharges) to mitigate potential tariff impacts.
+Added: surcharges) to
+Added: 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.