1 unchanged sentence
We are exposed to market risk from changes in foreign currency exchange rates, short-term interest rates and price fluctuations of certain material commodities in the ordinary course of our business.
−Removed: We have not engaged in hedging activities since inception and currently do not expect to engage in any hedging activities with respect to the market risk to which we are exposed.
+Added: We do not engage in significant hedging activities with respect to the market risks to which we are exposed.
+Added: From time to time, we may enter into limited arrangements to manage specific risk exposures.
+Added: However, such activity is not material to our overall risk profile or financial results.
Foreign Currency Risk
8 unchanged sentences
Interest on borrowings under the Revolving Credit Facility is based on Term SOFR plus or base rate plus an applicable margin.
−Removed: At March 31, 2025, we had no borrowings outstanding under the Revolving Credit Facility.
+Added: At June 30, 2025, we had no borrowings outstanding under the Revolving Credit Facility.
In addition, on November 9, 2021, the Company issued 10 million shares of 6.50% Preferred Stock, valued at $100.0 million.
6 unchanged sentences
However, market, weather or other conditions beyond our control may disrupt our expected supply of product, and we may be required to obtain supply at increased prices that cannot be passed through to our customers.
−Removed: For example, some of our material supply contracts follow market prices, which may fluctuate through the year, while our product sales prices may be fixed on a quarterly or annual basis, and therefore, fluctuations in our material supply may not be passed through to our customers and can produce an adverse effect on our margins.
−Removed: Effects of Inflation
−Removed: We are subject to inflationary pressures with respect to raw materials, labor and transportation.
−Removed: Accordingly, we continue to take actions with our customers and suppliers to mitigate the impact of these inflationary pressures in the future.
−Removed: Actions to mitigate inflationary pressures with customers include contractual price escalation clauses and negotiated customer recoveries.
−Removed: Actions to mitigate inflationary pressures with suppliers include aggregation of purchase requirements to achieve optimal volume benefits, negotiation of cost-reductions and identification of more cost competitive suppliers.
−Removed: While these actions are designed to offset the impact of inflationary pressures, the Company cannot provide assurance that it will be successful in fully offsetting increased costs resulting from inflationary pressure.
+Added: example, some of our material supply contracts follow market prices, which may fluctuate through the year, while our product sales prices may be fixed on a quarterly or annual basis, and therefore, fluctuations in our material supply may not be passed through to our customers and can produce an adverse effect on our margins.
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.