14 unchanged sentences
However, any such losses or gains would generally be offset by corresponding gains and losses, respectively, on the related hedged asset or liability.
−Removed: At June 30, 2024 and 2023, the fair value, in the aggregate, of the Company’s open foreign exchange contracts was an asset of less than $0.1 million and liability of $1.7 million respectively.
−Removed: Our primary translation risk is with the Euro, British Pound Sterling, Peso, Japanese Yen and Chinese Yuan.
+Added: At June 30, 2025 and 2024, the fair value, in the aggregate, of the Company’s open foreign exchange contracts was a liability of less than $0.1million and liability of $0.1 million respectively.
+Added: Our primary translation risk is with the Euro, British Pound Sterling, Peso, Japanese Yen, Chinese Yuan, and Indian Rupee.
A hypothetical 10% appreciation or depreciation of the value of any these foreign currencies to the U.S.
3 unchanged sentences
The Company’s effective interest rate on borrowings was 6.38% and 2.46% at June 30, 2025 and 2024, respectively.
−Removed: Our interest rate exposure is limited primarily to interest rate changes on our variable rate borrowings and is mitigated by our use of interest rate swap agreements to modify our exposure to interest rate movements.
−Removed: At June 30, 2024, we have $150.0 million of active floating to fixed rate swaps with terms ranging from one to three years.
−Removed: These swaps convert our interest payments from SOFR to a weighted average rate of 2.46%.
−Removed: At June 30, 2024, the fair value, in the aggregate, of the Company’s interest rate swaps were assets of $4.7 million.
+Added: Our interest rate exposure is limited primarily to interest rate changes on our variable rate borrowings.
+Added: From time to time, we use interest rate swap agreements to modify our exposure to interest rate movements.
+Added: At June 30, 2025 , we did not have any outstanding interest rate swaps.
At June 30, 2024 , the fair value, in the aggregate, of the Company’s interest rate swaps were assets of $4.7 million.
−Removed: A 25-basis point increase in interest rates would not change our annual interest expense as all of our outstanding debt is currently converted to fixed rate debts by means of interest rate swaps.
+Added: A 25-basis point increase in interest rates would increase our annual interest expense by approximately $1.4 million based on the balance and rate at June 30, 2025.
Concentration of Credit Risk
We have a diversified customer base.
−Removed: As such, the risk associated with concentration of credit risk is inherently minimized.
+Added: As such, the risk associated with concentration of credit risk is inherently m inimized.
As of June 30, 2025 , no one customer accounted for more than 5% of our consolidated outstanding receivables or of our sales.
4 unchanged sentences
While Standex considers our relationship with our suppliers to be good, there can be no assurances that we will not experience any supply shortage.
−Removed: The Engineering Technologies, Specialty Solutions, and Electronics segments are all sensitive to price increases for steel and aluminum products, other metal commodities such as rhodium and copper, and petroleum-based products.
+Added: The Electronics, Engineering Technologies and Specialty Solutions segments are all sensitive to price increases for steel and aluminum products, other metal commodities such as rhodium and copper, and petroleum-based products.
We continue to experience price fluctuations for a number of materials including rhodium, steel, and other metal commodities.
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.