4 unchanged sentences
Interest Rate Risk.
−Removed: We have a revolving credit facility that is subject to the risk of higher interest charges associated with increases in interest rates.
−Removed: As of September 30, 2025, we had no floating-rate obligations outstanding under our ABL Facility.
+Added: We have a revolving credit facility and a term loan facility that are subject to the risk of higher interest charges associated with increases in interest rates.
+Added: As of March 31, 2026, we had no floating-rate obligations outstanding under our Cash Flow Credit Agreement.
The use of floating-rate obligations would expose us to the risk of increased interest expense in the event of increases in short-term interest rates.
4 unchanged sentences
In order to mitigate the effects of foreign currency exchange rate risks in areas outside of the United States (primarily in our Offshore Manufactured Products segment), we generally pay a portion of our expenses in local currencies and a substantial portion of our contracts provide for collections from customers in U.S.
−Removed: During the first nine months of 2025, our reported foreign currency exchange losses were $1.1 million and are included in “other operating (income) expense, net” in the consolidated statements of operations.
+Added: During the first three months of 2026, our reported foreign currency exchange gains were $0.1 million and are included in “other operating income, net” in the consolidated statements of operations.
Accumulated other comprehensive loss, reported as a component of stockholders’ equity, primarily relates to fluctuations in currency exchange rates against the U.S.
dollar as used to translate certain of the international operations of our operating segments.
−Removed: Our accumulated other comprehensive loss decreased $13.3 million from $79.5 million as of December 31, 2024 to $66.2 million as of September 30, 2025, due to changes in currency exchange rates.
−Removed: During the nine months ended September 30, 2025, the exchange rates for the British pound and the Brazilian real strengthened by 7% and 17%, respectively, compared to the U.S.
+Added: Our accumulated other comprehensive loss increased $1.2 million from $66.3 million as of December 31, 2025 to $67.5 million as of March 31, 2026, due to changes in currency exchange rates.
+Added: During the first three months of 2026, the exchange rate for the British pound weakened by 2% compared to the U.S.
+Added: dollar, while the Brazilian real strengthened by 5% compared to the U.S.
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.