CMT — what changed in the latest 10-Q
A section-by-section comparison of CMT'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 · 2026-08-04 vs the prior 10-Q · 2026-05-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +27 | −17 | ~10 | 35 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 5 |
| Controls & procedures | Text added/removed | 0 | −1 | ~1 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| 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 · 2026-08-04
The Company also continues to monitor developments related to the upcoming review of the United States-Mexico-Canada Agreement ("USMCA") and other potential changes in North American trade policy. To date, the Company has not experienced any material disruption to production schedules related to the…
Three Months Ended June 30, 2026, as Compared to Three Months Ended June 30, 2025
Net revenue for the three months ended June 30, 2026 and 2025 totaled $62,729,000 and $79,239,000, respectively. Included in net revenue were tooling project revenue of $1,839,000 and $17,606,000 for the three months ended June 30, 2026 and 2025, respectively. Tooling project revenue are sporadic in…
Gross margin was approximately 20.3% of revenue for the three months ended June 30, 2026 and included a favorable one-time capacity charge impacting gross margin by 90 basis points. Excluding the one-time gain gross margin was 19.4% of revenue for the same period compared to 18.1% of revenue for the…
Selling general and administrative expense ("SG&A") was $10,433,000 for the three months ended June 30, 2026, which included severance expense of $487,000 and Mexico expansion related expense of $1,302,000. Excluding severance and Mexico expansion related expense, SG&A cost for the three months ende…
Text removed vs the prior filing · source: 10-Q · 2026-05-07
Three Months Ended March 31, 2026, as Compared to Three Months Ended March 31, 2025
Net sales for the three months ended March 31, 2026 and 2025 totaled $58,583,000 and $61,447,000, respectively. Included in net sales were tooling project sales of $1,123,000 and $435,000 for the three months ended March 31, 2026 and 2025, respectively. Tooling sales are sporadic in nature and fluct…
Gross margin was 20.4% and 19.2% of sales for the three months ended March 31, 2026 and 2025, respectively. Gross margin compared to last year was favorably impacted by product mix and operational efficiencies of 1.1% and changes in selling price and raw material costs of 0.5%, offset by fixed cost …
Selling general and administrative expense ("SG&A") was $11,214,000 for the three months ended March 31, 2026, which included succession plan costs of $924,000 and Mexico expansion related expense of $2,102,000. Excluding succession plan costs and Mexico expansion related expense, SG&A cost for the …
Net interest expense totaled $86,000 for the three months ended March 31, 2026, compared to $16,000 for the three months ended March 31, 2025. Higher interest expense was primarily due to lower interest income from cash accumulation of $190,000.
Controls & procedures
Text removed vs the prior filing · source: 10-Q · 2026-05-07
reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms. There were no changes in internal controls over financial reporting (as such term is defined in Exchange Ac…
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