RYZ — what changed in the latest 10-Q
A section-by-section comparison of RYZ'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 · 2026-10-28 vs the prior 10-Q · 2026-07-29
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +21 | −17 | ~28 | 27 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~6 | 4 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 1 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings
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 · 2026-10-28
According to the Metal Service Center Institute ("MSCI"), North American service center volumes increased by 5.0% in the first nine months of 2026 compared to the first nine months of 2025, supported by improved manufacturing demand. Ryerson's North American same-store volumes, by comparison, increa…
Increases in third quarter year-over-year North American same-store shipments were supported by relative strength in each of our end-markets, led by strongest volume growth in our fabrication and welding sector, followed by growth in our machinery and equipment and climate sectors. These sectors wer…
Improved demand conditions in the first nine months of 2026 were supported by data points from the Institute for Supply Management’s Purchasing Managers’ Index (“PMI”), a key steel industry economic indicator. Monthly readings during the third quarter continued to be over the growth threshold of 50,…
During the third quarter of 2026, the United States imposed additional tariffs on certain Canadian products under Section 338 of the Tariff Act of 1930, as amended, and subsequently modified their coverage to include certain steel and aluminum products, effective September 15, 2026. These additional…
retaliatory tariffs on U.S. products, effective September 8, 2026, including tariffs on certain steel, aluminum, and derivative products. These measures are expected to affect cross-border sourcing, material availability, pricing, and supply chains.
Text removed vs the prior filing · source: 10-Q · 2026-07-29
Increases in second quarter year-over-year North American same-store shipments were supported by relative strength in nearly all of our end-markets, led by strongest growth in our fabrication and welding sector, followed by growth in our machinery and equipment, machine shop, climate, and heavy equi…
Improved demand conditions in the first six months of 2026 were supported by data points from the Institute for Supply Management’s Purchasing Managers’ Index (“PMI”), a key steel industry economic indicator. Monthly readings during the second quarter continued to be over the growth threshold of 50,…
According to the Metal Service Center Institute ("MSCI"), North American service center volumes increased by 2.9% in the first half of 2026 compared to the first half of 2025, supported by improved manufacturing demand. Ryerson's North American same-store volumes, by comparison, increased by 5.8% in…
Foreign governments, including Canada, China, and members of the European Union, have imposed, withdrawn, or modified retaliatory tariffs and other trade measures. The United States, Canada, and Mexico are also reviewing trade rules under the United States-Mexico-Canada Agreement, including matters …
On February 20, 2026, the U.S. Supreme Court held that the International Emergency Economic Powers Act did not authorize the tariffs imposed under that statute. The ruling did not affect tariffs imposed under Section 232. The U.S. government has continued
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