2 unchanged sentences
Any of these risks could have a material adverse effect on our financial condition, results of operations and/or value of an investment in the Company.
+Added: Ongoing hostilities in the Middle East could disrupt international shipping and adversely affect global energy prices, which could harm our business .
+Added: Continued or escalating military conflict in the Middle East could disrupt shipping lanes and chokepoints critical to global trade, including the Strait of Hormuz and Suez Canal, resulting in vessel rerouting, longer transit times, port congestion, and higher freight and insurance costs for the raw materials, components, and finished goods we ship to and from our facilities and customers.
+Added: These disruptions could also delay production schedules and customer deliveries.
+Added: In addition, instability in the region has historically contributed to volatility in global oil and natural gas prices, and any sustained increase in energy costs could raise our transportation, utility, and input costs.
+Added: We may not be able to fully offset these increased costs through pricing actions or otherwise pass them on to customers, and any prolonged disruption to shipping routes or energy markets resulting from the conflict could have a material adverse effect on our results of operations.
A pandemic or other global health crisis could adversely affect our revenues, operating results, cash flow and financial condition.
−Removed: Our business and operations, and the operations of our suppliers, business partners and customers, were adversely affected by the Coronavirus (or COVID-19) pandemic which is impacted worldwide economic activity including in many countries or localities in which we operate, sell, or purchase goods and services.
+Added: Our business and operations, and the operations of our suppliers, business partners and customers, were adversely affected by the Coronavirus (or COVID-19) pandemic which impacted worldwide economic activity including in many countries or localities in which we operate, sell, or purchase goods and services.
Any future pandemics or other global health crises could similarly have an adverse effect on our revenues, operating results, cash flow and financial condition.
4 unchanged sentences
While we thus far have been largely successful in mitigating the impact of such inflationary conditions, we may be unable to continue to increase our own prices sufficiently to offset cost increases, and, to the extent that we are able to do so, we may not be able to maintain existing operating margins and profitability.
−Removed: Additionally, competitors operating in regions with less inflationary pressure may be able to compete more effectively which could further impact our ability to increases prices and/or result in lost sales.
+Added: Additionally, competitors operating in regions with less inflationary pressure may be able to compete more effectively which could further impact our ability to increase prices and/or result in lost sales.
Recessionary economic conditions, with or without a tightening of credit, could adversely impact major markets served by our businesses, including cyclical markets such as automotive, aviation, energy and power, heavy construction vehicle, general industrial, consumer appliances and food service.
60 unchanged sentences
Shortages or other disruptions in the supply of these commodities or rare elements could delay sales or increase costs.
−Removed: Current and threatened tariffs on components and finished goods from China and other countries could result in lower net sales, profits and cash flows and could impair the value of our investments in our Chinese operations.
−Removed: As part of our low-cost country sourcing strategy, we (i) maintain manufacturing facilities in China and (ii) import certain components and finished goods from our own facilities and third-party suppliers in China.
−Removed: Many of the components and finished goods we import from China are subject to tariffs enacted by the United States government.
+Added: Current and threatened tariffs on components and finished goods from China, India and other countries could result in lower net sales, profits and cash flows and could impair the value of our investments in our Chinese operations.
+Added: As part of our low-cost country sourcing strategy, we (i) maintain manufacturing facilities in China and India and (ii) import certain components and finished goods from our own facilities and third-party suppliers in China and India.
+Added: Many of the components and finished goods we import from China and India are or have been subject to tariffs enacted by the United States government.
While we attempt to pass on these additional costs to our customers, competitive factors (including competitors who import from other countries subject to lower tariffs) may limit our ability to sustain price increases and, as a result, may adversely impact our net sales, profits and cash flows.
−Removed: The maintenance of such tariffs over the long-term also could impair the value of our investments in our Chinese operations.
+Added: The maintenance of such tariffs over the long-term also could impair the value of our investments in our Chinese and Indian operations.
In addition, the imposition of tariffs may influence the sourcing habits of certain end users of our products and services which, in turn, could have a direct impact on the requirements of our direct customers for our products and services.
48 unchanged sentences
Certain of our key facilities are in areas of higher than nominal political risk (such as China).
−Removed: The labor workforces in four of our U.S.
+Added: The labor workforces in three of our U.S.
facilities belong to unions and a strike, slowdown or other concerted effort could adversely impact production at the affected facility.
49 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.