TROX — what changed in the latest 10-Q
A section-by-section comparison of TROX'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 · 2026-08-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +32 | −33 | ~49 | 42 |
| Market risk (Item 3) | Text added/removed | +1 | 0 | ~8 | 3 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 2 |
| 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.
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
•the unfavorable impact of 3 points due to changes in foreign currency exchanges rates, primarily as a result of the South Africa Rand, Australian dollar, and Brazilian Reais, and
•the net unfavorable impact of 2 points due to higher production costs, including unfavorable idle facility and lower of cost or net realizable value charges, and higher freight costs.
Selling, general and administrative expenses decreased $5 million to $65 million for the three months ended September 30, 2026 as compared to $70 million for the same period of 2025 which was primarily due to a $4 million decrease in amortization expense due to certain intangible assets which have b…
Income from operations for the three months ended September 30, 2026 was $12 million compared to loss from operations of $43 million in the prior year period. The increase of $55 million was primarily due to higher sales volumes and higher average selling prices of TiO2 and Zircon, the decrease in r…
Interest expense increased $8 million compared to the same period of 2025 primarily due to the increase in outstanding long-term debt balances period over period.
Text removed vs the prior filing · source: 10-Q · 2026-08-06
•the net unfavorable impact of 3 points due to higher production costs, including unfavorable idle facility and lower of costs or market charges, and higher freight costs and,
•the unfavorable impact of 3 points due to changes in foreign currency exchanges rates, primarily as a result of the South Africa Rand and Australian dollar, partially offset by
•the favorable impact of 3 points due to increased volumes of TiO2 and zircon.
Restructuring and other charges of $4 million for the three months ended June 30, 2026 was related to both the Botlek and Fuzhou plant closures. Refer to Note 2 in notes to condensed consolidated financial statements for further details.
Selling, general and administrative expenses remained consistent as compared to the same period of 2025 which was primarily due to a $6 million increase in employee costs partially offset by a $4 million decrease in amortization expense due to certain intangible assets which have been fully amortize…
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-11-05
rate) and (v) 83 million Saudi Riyal (or approximately $22 million at the December 31, 2025 exchange rate) of notional amounts of outstanding foreign currency contracts.
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