MAS — what changed in the latest 10-Q
A section-by-section comparison of MAS'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 · 2026-10-28 vs the prior 10-Q · 2026-07-29
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +20 | −13 | ~17 | 15 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | 0 | ~1 | 0 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| 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.
Not shown (absent or not faithfully extractable): Market risk (Item 3)
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 · 2026-10-28
Three Months Ended September 30,Nine Months Ended September 30,
Our net sales for the three months ended September 30, 2026, were $1,966 million, which increased three percent compared to the three months ended September 30, 2025. Excluding divestitures and the effect of currency translation, net sales increased four percent, primarily due to higher net selling …
Our net sales for the nine months ended September 30, 2026, were $5,875 million, which increased two percent compared to the nine months ended September 30, 2025. Excluding divestitures and the effect of currency translation, net sales increased one percent, primarily due to higher net selling price…
Below is a summary of our results of operations, dollars in millions, for the three and nine months ended September 30, 2026 and 2025:
Three Months Ended September 30,Nine Months Ended September 30,
Text removed vs the prior filing · source: 10-Q · 2026-07-29
Our net sales for the three months ended June 30, 2026, were $1,992 million, which decreased three percent compared to the three months ended June 30, 2025. Excluding the effect of currency translation, net sales decreased three percent, primarily due to lower North America sales volume, which decre…
Our net sales for the six months ended June 30, 2026, were $3,910 million, which increased two percent compared to the six months ended June 30, 2025. Excluding the effect of currency translation, net sales were consistent with the comparative prior period, primarily due to higher net selling prices…
Below is a summary of our results of operations for the three and six months ended June 30, 2026 and 2025:
Our gross profit for the three months ended June 30, 2026, was $868 million, an increase of 12 percent, and was positively impacted by lower tariff costs (inclusive of IEEPA tariff refunds), cost savings initiatives, and three percent due to higher net selling prices, partially offset by five percen…
Our operating profit for the three months ended June 30, 2026, was $470 million, an increase of 14 percent, and was positively impacted by increased gross profit, partially offset by higher selling, general and administrative expenses. These results were inclusive of the net tariff benefit from IEEP…
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