PRM — what changed in the latest 10-Q
A section-by-section comparison of PRM'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 · 2026-11-05 vs the prior 10-Q · 2026-07-31
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +11 | −11 | ~45 | 26 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~2 | 3 |
| Controls & procedures | Text added/removed | +1 | −1 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | Some risk factors updated | +3 | 0 | ~1 | 0 |
| 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 · 2026-11-05
for the three months ended September 30, 2025 of $247.7 million was primarily due to an increase in the fair value valuation of the Company’s Common Stock from June 30, 2025 to September 30, 2025.
Other Operating Expense. Other operating expense increased $5.8 million for the three months ended September 30, 2026, compared to the same period in 2025, primarily due to costs related to the Company’s recent acquisitions.
Interest Expense, net. Interest expense, net increased $10.5 million for the three months ended September 30, 2026, compared to the same period in 2025, primarily due to higher average debt outstanding resulting from the Company’s offering of the 2034 Notes in January 2026.
Income Tax (Expense) Benefit. Income tax expense was $90.9 million for the three months ended September 30, 2026, compared to income tax benefit of $6.5 million in the same period in 2025. The change is primarily due to higher income before income taxes, partially offset by benefits from stock-based…
Nine Months Ended September 30, 2026 Compared to the Nine Months Ended September 30, 2025
Text removed vs the prior filing · source: 10-Q · 2026-07-31
On July 30, 2026, the Company acquired the outstanding capital stock of Monaco Enterprises (“Monaco”) for a total cash purchase price, net of cash acquired of $120.0 million which was funded with cash on hand and proceeds from existing credit facilities.
WUI, we expect that there will be more wildfires due to human ignitions, and wildfires that occur will pose a greater risk to lives and homes. As the WUI expands and the number of homes at risk from wildland fires increases, we expect the use of retardant to protect property and life from threatenin…
Other Operating Expense. Other operating expense increased $3.3 million for the three months ended June 30, 2026, compared to the same period in 2025, primarily due to costs related to the Company’s recent acquisitions.
Interest Expense, net. Interest expense, net increased $9.7 million for the three months ended June 30, 2026, compared to the same period in 2025, primarily due to higher average debt outstanding resulting from the Company’s offering of the 2034 Notes in January 2026.
Income Tax Benefit. Income tax benefit was $39.8 million for the three months ended June 30, 2026, compared to income tax benefit of $1.7 million in the same period in 2025. The change is primarily due to increased benefits from stock-based compensation, permanently non-deductible compensation, with…
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-11-05
As required by Rule 13a-15(b) under the Exchange Act, at September 30, 2026, the Company has evaluated, under the supervision and with the participation of the Company’s management, including the Company’s principal
Text removed vs the prior filing · source: 10-Q · 2026-07-31
As required by Rule 13a-15(b) under the Exchange Act, at June 30, 2026, the Company has evaluated, under the supervision and with the participation of the Company’s management, including the Company’s principal executive officer and principal financial officer, the effectiveness of the design and op…
Risk factors
Text added vs the prior filing · source: 10-Q · 2026-11-05
Disruptions in the supply of P₂S₅ for our North American customers have adversely affected, and are expected to continue to adversely affect, the results of our Specialty Products segment.
Our P₂S₅ customers in North America have historically been served primarily by a third-party tolling facility in Sauget, Illinois. Supply from the facility has not been consistent with our customers’ requirements, and we are actively working to obtain permanent supply alternatives. We are currently …
We cannot assure you that we will secure reliable long-term sources of supply on acceptable terms, if at all, or that our costs of supply will return to historical levels. A prolonged disruption, a loss of customers or the inability to obtain alternative sources of supply may prolong the adverse eff…
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