1 unchanged sentence
In the normal course of business, our results of operations are subject to risks related to fluctuations in commodity prices and fluctuations in interest rates.
−Removed: Historically, our exposure to foreign currency fluctuations has not been material and has been limited to temporary field accounts located in foreign countries where we perform work.
+Added: Historically, our exposure to foreign currency fluctuations
+Added: has not been material and has been limited to temporary field accounts located in foreign countries where we perform work.
Foreign currency fluctuations were immaterial in this reporting period.
2 unchanged sentences
Although we routinely attempt to secure firm quotes from our suppliers, we generally do not hedge against increases in prices for commodity products.
−Removed: Commodity price risks may have an impact on our results of operations due to the fixed-price nature of many of our contracts, although the short-term duration of our projects may allow us to include price increases in the costs of our bids.
+Added: Commodity price risks may have an impact on our results of operations due to the fixed-price nature of many of our contracts, although the short-term duration of our projects may allow us to include cost increases to the pricing of our bids.
Interest rate risk
−Removed: At September 30, 2023, we had $51.5 million in outstanding borrowings under our Credit Facility, with a weighted average ending interest rate of 12.79%.
−Removed: Based on the amounts outstanding under our credit facility as of September 30, 2023, a 100 basis-point increase in SOFR (or an equivalent successor rate) would increase the Company’s annual interest expense by approximately $0.5 million.
+Added: At March 31, 2024, we had $38.0 million in outstanding borrowings under our Credit Agreement, with a weighted average ending interest rate of 12.44%.
+Added: Based on the amounts outstanding under our Credit Agreement as of March 31, 2024, a 100 basis-point increase in SOFR (or an equivalent successor rate) would increase the Company’s annual interest expense by approximately $0.4 million.
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.