2 unchanged sentences
These risks primarily relate to fluctuations in market conditions, commodity prices, foreign currency transactions and interest rates.
−Removed: We are exposed to general market risk and its potential impact on accounts receivable or costs and estimated earnings in excess of billings on uncompleted contracts.
+Added: We are exposed to general market risk and its potential impact on accounts receivable, costs and estimated earnings in excess of billings on uncompleted contracts.
The amounts recorded may be at risk if our customers’ ability to pay these obligations is negatively impacted by economic conditions.
Our customers are typically in the oil and gas and petrochemical markets, which include onshore and offshore production, LNG facilities and terminals, pipelines, refineries and petrochemical plants.
−Removed: Additional markets include electric utility and light rail traction power as well as mining and metals, pulp and paper and other municipal, commercial and other industrial markets.
−Removed: Occasionally, our customers may include an engineering, procurement and construction (EPC) firm which may increase our market risk exposure based on the business climate of the EPC firm.
+Added: Additional markets include electric utility and light rail traction power as well as mining and metals, pulp and paper and other municipal, commercial and industrial markets.
+Added: Occasionally, our customers may include an EPC firm which may increase our market risk exposure based on the business climate of the EPC firm.
We maintain ongoing discussions with customers regarding contract status with respect to payment status, change orders and billing terms in an effort to monitor collections of amounts billed.
2 unchanged sentences
While such materials are typically available from numerous suppliers, commodity raw materials are subject to price fluctuations.
−Removed: We attempt to pass along such commodity price increases to our customers on a contract-by-contract basis to avoid a negative effect on our profit margin.
−Removed: We have entered into a derivative contract to hedge a portion of our exposure to commodity price risk.
−Removed: This contract is immaterial for Fiscal 2022.
+Added: We attempt to pass along such commodity price increases to our customers on a contract-by-contract basis to avoid a negative effect on our gross margin.
+Added: During Fiscal 2022, we entered into a derivative contract to hedge a portion of our exposure to commodity price risk.
+Added: This contract was immaterial for both Fiscal 2022 and Fiscal 2023, and ended in June 2023.
In the future, we may enter into additional derivative contracts to further hedge our exposure to commodity price risk.
9 unchanged sentences
Additionally, expenses associated with these transactions are generally contracted and paid for in the same local currencies.
−Removed: For Fiscal 2022, our realized foreign exchange gain was $0.3 million and is included in selling, general and administrative expenses in the Consolidated Statements of Operations.
−Removed: Our accumulated other comprehensive loss, which is included as a component of stockholders’ equity, was $29.0 million as of September 30, 2022, an increase of $8.6 million compared to September 30, 2021.
−Removed: This increase in comprehensive loss was primarily a result of fluctuations in the currency exchange rates for the Canadian Dollar and British Pound Sterling as we remeasured the foreign operations of those divisions.
+Added: For Fiscal 2023, our realized foreign exchange loss was $0.4 million and is included in selling, general and administrative expenses in our Consolidated Statements of Operations.
+Added: Our accumulated other comprehensive loss, which is included as a component of stockholders’ equity, was $26.9 million as of September 30, 2023, a decrease of $2.1 million compared to September 30, 2022.
+Added: This decrease in comprehensive loss was primarily a result of fluctuations in the currency exchange rates for the Canadian Dollar and British Pound Sterling as we re-measured the foreign operations of those divisions.
We do not typically hedge our exposure to potential foreign currency translation adjustments.
2 unchanged sentences
Revolver, we will be subject to market risk resulting from changes in interest rates related to our floating rate bank credit facility.
−Removed: If we were to make such borrowings, a hypothetical 100 basis point increase in variable interest rates may result in a material impact to our financial statements.
−Removed: While we do not currently have any derivative contracts to hedge our exposure to interest rate risk, in the past we have entered and may in the future enter into such contracts.
−Removed: During each of the periods presented, we have not experienced a significant effect on our business due to changes in interest rates.
+Added: If we were to make such borrowings, a hypothetical 100 basis point increase in variable interest rates may result in a material impact on our financial statements.
+Added: Because we did not have any outstanding borrowings under our U.S.
+Added: Revolver as of both September 30, 2023 and 2022, we have not experienced any significant interest rate risk for each of the periods presented in our Consolidated Statements of Operations.
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.