2 unchanged sentences
We conduct business in several major currencies throughout our worldwide operations, and our financial performance may be affected by fluctuations in the exchange rates of these currencies.
−Removed: exchange rates can positively or negatively affect our reported revenue, operating income, assets, liabilities, and equity.
−Removed: The functional currencies of our Asian subsidiaries are the South Korean won, the New Taiwan dollar, the RMB, and
−Removed: the Singapore dollar.
+Added: Changes in exchange
+Added: rates can positively or negatively affect our reported revenue, operating income, assets, liabilities, and equity.
+Added: The functional currencies of our Asian subsidiaries are the South Korean won, the New Taiwan dollar, the Chinese yuan, and the
+Added: Singapore dollar.
The functional currencies of our European subsidiaries are the British pound and the euro.
7 unchanged sentences
We do not enter into derivatives for speculative purposes.
−Removed: There can be no assurance that this approach will protect us from the need to recognize
−Removed: significant foreign currency transaction gains and losses, especially in the event of a significant adverse movement in the value of any foreign currency in which we conduct business against any of our functional currencies, including the
−Removed: Our primary net foreign currency exposures as of October 31, 2024, included the South Korean won, the Japanese yen, the New Taiwan dollar, the Chinese renminbi, the Singapore dollar, the British pound
−Removed: sterling, and the euro.
−Removed: As of October 31, 2024, a 10% adverse movement in the value of the non-functional currencies against the functional currencies of our subsidiaries would have resulted in a net unrealized pre-tax loss of $61.3
−Removed: million, which represents an increase of $9.3 million from the same movement as of October 31, 2023.
−Removed: The increase in foreign currency rate change risk is primarily the result of increased net exposures of the New Taiwan dollar and South
−Removed: Korean won against the U.S.
−Removed: We do not believe that a 10% change in the exchange rates of other non-U.S.
−Removed: dollar currencies would have had a material effect on our October 31, 2024, consolidated financial statements.
+Added: There can be no assurance that this approach will protect us from the need to recognize significant
+Added: foreign currency transaction gains and losses, especially in the event of a significant adverse movement in the value of any foreign currency in which we conduct business against any of our functional currencies, including the U.S.
+Added: Our primary net foreign currency exposures as of October 31, 2025, included the South Korean won, the Japanese yen, the New Taiwan dollar, the Chinese yuan, the Singapore dollar, the British pound sterling, and the
+Added: As of that date, a 10% adverse movement in the value of currencies different from the functional currencies of our subsidiaries would have resulted in a net unrealized pre-tax loss of $70.1 million, which represents an increase of $8.8
+Added: million from our exposure as of October 31, 2024.
+Added: Our most significant exposures at October 31, 2025, were exposures of the New Taiwan Dollar and the South Korean won against the U.S.
+Added: We do not believe that a 10% change in the exchange
+Added: rates of other non-U.S.
+Added: dollar currencies, other than the aforementioned currencies, would have had a material effect on our October 31, 2025, consolidated financial statements.
Interest Rate Risk
−Removed: A 10% adverse movement in the interest rates on our variable rate borrowings would not have had a material effect on our October 31, 2024, consolidated financial statements.
+Added: A 10% adverse or favorable movement in the interest rates on our variable rate borrowings would not have had a material effect on our October 31, 2025, consolidated financial statements.
Inflation Risk
1 unchanged sentence
financial position.
−Removed: We have historically been able to recover the impacts of inflation through sales price increases, however we cannot reasonably estimate our ability to successfully recover any impact of inflation through price
−Removed: increases in the future.
+Added: We have historically been able to recover the impacts of inflation through sales price increases, however we cannot reasonably estimate our ability to successfully recover any impact of inflation through price increases in
Our inability to do so could harm our results of operations and financial position.
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.