9 unchanged sentences
Our primary exposure to interest rate risk results from outstanding borrowings under the Credit Agreement, which bears interest at variable rates.
−Removed: As of March 31, 2026, the outstanding debt under the Credit Agreement subject to interest rate fluctuations
−Removed: was $370.5 million.
+Added: As of June 30, 2026, the outstanding debt under the Credit Agreement subject to interest rate fluctuations was $336.7 million.
The variable interest rates on the Credit Agreement fluctuate and expose us to short-term changes in market interest rates as our interest obligation on this instrument is based on prevailing market interest rates.
3 unchanged sentences
We designated the interest rate swaps as cash flow hedges.
−Removed: Refer to Note 7, “ Derivatives and Hedging Instruments ” , for further information on our interest rate swap contracts in effect as of March 31, 2026.
+Added: Refer to Note 7, “ Derivatives and Hedging Instruments, ” for further information on our interest rate swap contracts in effect as of June 30, 2026.
Commodity Price Risk
−Removed: In the normal course of business, we are exposed to market risk related to our purchase of steel, a significant raw material upon which our manufacturing depends.
−Removed: Steel cost were stable by the end of 2024 and early part of 2025.
−Removed: Costs began to raise by late 2025 and first quarter 2026 .
+Added: In the normal course of business, we are exposed to market risk related to our purchases of steel, a significant raw material upon which our manufacturing depends.
+Added: Steel costs were relatively stable into early 2025 but began to rise in late 2025 and continued increasing during the second quarter of 2026 .
While steel is typically available from numerous suppliers, the price of steel is a commodity subject to fluctuations that apply across broad spectrums of the steel market.
3 unchanged sentences
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.