ACM — what changed in the latest 10-Q
A section-by-section comparison of ACM'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 · 2026-08-11 vs the prior 10-Q · 2026-05-12
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +48 | −40 | ~56 | 28 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 2 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| 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 · 2026-08-11
Our Construction Management business has two projects that have experienced delays resulting in an increase in the estimated cost to complete and have significant claims for recovery of damages. We continue to actively work with the two project owners to resolve our claims position and exposure. Whi…
On one of the Construction Management projects discussed above, we assessed the estimated cost to complete the project compared to the estimated revenue with the relevant components of variable consideration, including significant claims that represent a portion of the significant claims discussed i…
Three and nine months ended June 30, 2026 compared to the three and nine months ended June 30, 2025
Net income attributable to noncontrolling interests from discontinued operations———— — (1.1)1.1 (100.0)
Income tax (benefit) expense for continuing operations(0.8)1.5 0.4 1.2
Text removed vs the prior filing · source: 10-Q · 2026-05-12
Three and six months ended March 31, 2026 compared to the three and six months ended March 31, 2025
Net income attributable to noncontrolling interests from discontinued operations—(0.3)0.3(100.0)— (1.1)1.1 (100.0)
Net income attributable to noncontrolling interests from continuing operations(0.3)(0.4)(0.4)(0.3)
Net income attributable to noncontrolling interests from discontinued operations0.0 0.0 0.0 (0.1)
Net loss attributable to AECOM from discontinued operations(0.1)(0.3)(0.9)(0.3)
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