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OVRL » Topics » Foreign Currency Exchange Rate Risk.

This excerpt taken from the OVRL 10-Q filed May 12, 2006.
Foreign Currency Exchange Rate Risk. We conduct business on a global basis and all of our products sold in international markets are denominated in U.S. dollars. Historically, export sales have represented a significant portion of our sales and are expected to continue to represent a significant portion of sales.

 

Our wholly-owned subsidiaries in the United Kingdom, France and Germany incur costs and maintain inter-company balances which are denominated in local currencies. As exchange rates vary, these results when translated into U.S. dollars may vary from expectations and adversely impact overall expected results. The effect of exchange rate fluctuations on our results during fiscal 2006 has not been material.

 

This excerpt taken from the OVRL 10-Q filed Feb 10, 2006.
Foreign Currency Exchange Rate Risk. We conduct business on a global basis and essentially all of our products sold in international markets are denominated in U.S. dollars. Historically, export sales have represented a significant portion of our sales and are expected to continue to represent a significant portion of sales.

 

Our wholly-owned subsidiaries in the United Kingdom, France and Germany incur costs and maintain inter-company balances which are denominated in local currencies. As exchange rates vary, these results when translated into U.S. dollars may vary from expectations and adversely impact overall expected results. The effect of exchange rate fluctuations on our results during fiscal 2006 was not material.

 

EXCERPTS ON THIS PAGE:

10-Q
May 12, 2006
10-Q
Feb 10, 2006

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