IIIN — what changed in the latest 10-Q
A section-by-section comparison of IIIN'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 · 2026-07-16 vs the prior 10-Q · 2026-04-16
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +5 | −5 | ~23 | 28 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~3 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 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 · 2026-07-16
Net sales for the third quarter of 2026 increased 9.9% to $197.7 million from $179.9 million in the prior year quarter, reflecting an 8.1% increase in average selling prices and a 1.7% increase in shipments. The increase in average selling prices was driven by price increases implemented to recover …
Selling, general and administrative expense (“SG&A expense”) for the third quarter of 2026 decreased 19.7% to $8.5 million, or 4.3% of net sales, from $10.6 million, or 5.9% of net sales, in the prior year quarter primarily due to lower compensation expense ($2.2 million) and the relative year-over-…
Net sales for the first nine months of 2026 increased 12.8% to $530.2 million from $470.3 million in the prior year period, reflecting a 13.1% increase in average selling prices, while shipments were relatively unchanged. The increase in average selling prices was driven by price increases implement…
As we move into the fourth quarter of fiscal 2026, we remain positive about our business outlook. Customer sentiment remains favorable, supported by healthy activity in our publicly funded infrastructure markets. Private nonresidential construction remains driven by data center-related projects, som…
Higher raw material, freight and other operating costs adversely affected profitability during the third quarter as increases in these costs outpaced changes in our selling prices. We expect our pricing actions to continue supporting the recovery of these higher costs over time. We also continue to …
Text removed vs the prior filing · source: 10-Q · 2026-04-16
Net sales for the second quarter of 2026 increased 7.5% to $172.7 million from $160.7 million in the prior year quarter, reflecting a 14.2% increase in average selling prices partially offset by a 5.9% decrease in shipments. The increase in average selling prices was driven by price increases implem…
Selling, general and administrative expense (“SG&A expense”) for the second quarter of 2026 decreased 10.1% to $9.7 million, or 5.6% of net sales, from $10.8 million, or 6.7% of net sales, in the prior year quarter primarily due to lower compensation ($1.3 million) and employee benefits ($174,000) e…
Net sales for the first half of 2026 increased 14.5% to $332.6 million from $290.4 million in the prior year period, reflecting a 16.2% increase in average selling prices partially offset by a 1.5% reduction in shipments. The increase in average selling prices was driven by price increases implement…
As we look ahead to the second half of fiscal 2026, we expect shipment levels to strengthen, supported by continued momentum in our nonresidential construction markets, the typical seasonal pickup in activity, and the carryover of weather‑delayed projects. Overall market conditions remain generally …
Beyond the near‑term effects of winter weather, broader market forces continue to shape our operating environment, particularly those tied to raw material availability and pricing, evolving U.S. trade policy and ongoing geopolitical tension in the Middle East. Domestic hot‑rolled wire rod prices rem…
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