FIX — what changed in the latest 10-Q
A section-by-section comparison of FIX's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-10-22 vs the prior 10-Q · 2026-07-23
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +19 | −16 | ~34 | 20 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 3 |
| Controls & procedures | Text added/removed | +1 | −2 | ~1 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 1 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-10-22
limited to indications of general revenue direction over the near term and should not be interpreted as indicative of ongoing revenue performance over several quarters.
The following table presents our operating segment backlog (dollars in thousands):
Backlog as of September 30, 2026 was $17.81 billion, a 26.7% increase from June 30, 2026 backlog of $14.06 billion, and a 90.0% increase from September 30, 2025 backlog of $9.38 billion. The sequential backlog increase included the acquisition of Boys Electrical ($56.5 million) and a modular company…
Gross Profit—Gross profit increased $326.6 million, or 53.7%, to $934.5 million for the third quarter of 2026 as compared to the same period in 2025. The increase included a $24.2 million, or 4.0%, increase related to the Boys Electrical, a modular company in Texas, Hunt, Feyen Zylstra, and Meisner …
Gross profit increased $1.01 billion, or 66.5%, to $2.53 billion for the first nine months of 2026 as compared to the same period in 2025. The increase included a $62.7 million, or 4.1%, increase related to the Boys Electrical, a modular company in Texas, Hunt, Feyen Zylstra, Meisner, and Right Way …
Text removed vs the prior filing · source: 10-Q · 2026-07-23
The following table presents our operating segment backlog (in thousands, except percentages):
Backlog as of June 30, 2026 was $14.06 billion, a 12.9% increase from March 31, 2026 backlog of $12.45 billion, and a 73.1% increase from June 30, 2025 backlog of $8.12 billion. The sequential backlog increase included the acquisition of Hunt ($217.4 million), as well as a same-store increase of $1.…
Gross Profit—Gross profit increased $334.3 million, or 65.6%, to $844.2 million for the second quarter of 2026 as compared to the same period in 2025. The increase included a $21.0 million, or 4.1%, increase related to the Hunt, Feyen Zylstra, Meisner, and Right Way acquisitions, as well as a $313.3…
Gross profit increased $685.3 million, or 75.0%, to $1.60 billion for the first six months of 2026 as compared to the same period in 2025. The increase included a $38.5 million, or 4.2%, increase related to the Hunt, Feyen Zylstra, Meisner, and Right Way acquisitions, as well as a $646.8 million, or…
Selling, General and Administrative Expenses (“SG&A”)—SG&A increased $76.6 million, or 36.4%, to $287.0 million for the second quarter of 2026 as compared to 2025. On a same-store basis, excluding amortization expense, SG&A increased $57.9 million, or 29.6%. The same-store increase was primarily due…
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-10-22
There have not been any changes in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934) during the three months ended September 30, 2026 that have materially affected, or are reasonably likely to materially…
Text removed vs the prior filing · source: 10-Q · 2026-07-23
Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934) were effective as of the end of the period covered by this report.
There have not been any changes in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Securities Exchange Act of 1934) during the three months ended June 30, 2026 that have materially affected, or are reasonably likely to materially affe…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice