11 unchanged sentences
Quarterly averages computed by the Company using daily Midwest average prices provided by Platts.
−Removed: In certain situations, Aluminum Extrusions has index-based pass-through raw material cost arrangements with customers.
−Removed: However, under certain agreements, changes in aluminum prices are not passed through for a period of 90 days.
The volatility of quarterly average natural gas prices is shown in the chart below.
13 unchanged sentences
Given the nature of these products as commodities, pricing is derived from Asian pricing indexes.
−Removed: The volatility of the average quarterly prices for polyester fibers in Asia, which is representative of polyester resin (a primary raw material for Flexible Packaging Films) pricing trends, is shown in the chart below:
+Added: The volatility of the average quarterly prices for polyester fibers in Asia, which is
+Added: representative of polyester resin (a primary raw material for Flexible Packaging Films) pricing trends, is shown in the chart below:
Quarterly averages computed by Tredegar using monthly data from CMAI Global Index data.
9 unchanged sentences
Flexible Packaging Films is exposed to foreign exchange translation risk (its functional currency is the Brazilian Real) because almost 90% of the sales of Flexible Packaging Films business unit in Brazil (“Terphane Ltda.”) and substantially all of its related raw material costs are quoted or priced in U.S.
−Removed: Dollars while its variable conversion, fixed conversion and sales, general and administrative costs before depreciation & amortization (collectively “Terphane Ltda.
+Added: Dollars while its variable conversion, fixed conversion and sales, general and administrative costs before depreciation &
+Added: amortization (collectively “Terphane Ltda.
Operating Costs”) are quoted or priced in Brazilian Real.
−Removed: This mismatch, together
−Removed: with a variety of economic variables impacting currency exchange rates, causes volatility that could negatively or positively impact EBITDA from ongoing operations for Flexible Packaging Films.
+Added: This mismatch, together with a variety of economic variables impacting currency exchange rates, causes volatility that could negatively or positively impact EBITDA from ongoing operations for Flexible Packaging Films.
The Company estimates annual net costs of R$150 million for the net mismatch translation exposure between Terphane Ltda.’s U.S.
5 unchanged sentences
See Note 8 for more information on outstanding hedging contracts and this hedging program.
−Removed: Tredegar estimates that the impact on PE Films EBITDA from ongoing operations from the change in the value of foreign currencies relative to the U.S.
−Removed: Dollar was flat in the first quarter of 2022 compared with the first quarter of 2021.
+Added: Tredegar estimates that the change in the value of foreign currencies relative to the U.S.
+Added: Dollar for PE Films had a favorable impact on EBITDA from ongoing operations of $0.6 million in both the second quarter and the first six months of 2022 compared with the same periods of 2021.
Trends for the Brazilian Real and Chinese Yuan exchange rates relative to the U.S.
2 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.