4 unchanged sentences
Fluctuations in currency rates could affect our revenues, Cost of revenues and income from operations and could result in currency exchange gains and losses.
−Removed: During the third quarter of fiscal 2025, we held forward foreign currency contracts to hedge a portion of our expected non-U.S.
+Added: During the first quarter of fiscal 2026, we held forward foreign currency contracts to hedge a portion of our expected non-U.S.
dollar-denominated earnings against our reporting currency, the US dollar.
5 unchanged sentences
We do not use derivative financial instruments for speculative purposes.
−Removed: At December 31, 2024, we held net foreign currency forward contracts to buy 40.0 million British pounds sterling, 14.0 million Canadian dollars, and 49.0 million Mexican pesos;
−Removed: and to sell 15.0 million Australian dollars and 8.4 million euros.
+Added: At June 30, 2025, we held net foreign currency forward contracts to buy 38.0 million British pounds sterling;
+Added: and to sell 13.0 million Australian dollars, 12.3 million euros, and 9.0 million New Zealand dollars.
We are dependent on basic raw materials, sub-assemblies, components, and other supplies used in our operations.
3 unchanged sentences
We may also enter into commodity swap contracts to hedge price changes in a certain commodity that impacts raw materials included in our Cost of revenues.
−Removed: At December 31, 2024, we held commodity swap contracts to buy 197.3 thousand pounds of nickel.
+Added: At June 30, 2025, we held commodity swap contracts to buy 0.4 million pounds of nickel.
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.