PATK — what changed in the latest 10-Q
A section-by-section comparison of PATK'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 | −28 | ~35 | 16 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 4 |
| Controls & procedures | Text added/removed | +2 | −1 | ~1 | 2 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 2 |
| Risk factors | Some risk factors updated | 0 | 0 | ~1 | 21 |
| 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
During the third quarter of 2026, we initiated a restructuring program affecting our Manufacturing segment to align our manufacturing footprint and workforce with demand and consolidate underutilized operations. Charges totaled $2.0 million for each of the three and nine months ended September 27, 2…
Three and Nine Months Ended September 27, 2026 Financial Overview
Three and Nine Months Ended September 27, 2026 Compared to 2025
For the three months ended September 27, 2026, cost of goods sold as a percentage of net sales decreased due to lower labor costs resulting from continued cost reduction and automation initiatives implemented throughout 2025 and into 2026, as well as lower material costs. Cost of goods sold as a per…
Cost of goods sold decreased $16.6 million, or 1%, to $2.31 billion for the first nine months of 2026 compared to $2.33 billion for the first nine months of 2025. As a percentage of net sales, cost of goods sold decreased 30 basis points for the first nine months of 2026 to 76.6% compared to 76.9% f…
Text removed vs the prior filing · source: 10-Q · 2026-08-06
subject to customary closing conditions, including shareholder and regulatory approvals, and has not been completed as of the date of this filing.
Cost of goods sold decreased $7.3 million, or less than 1%, to $1.56 billion for the first six months of 2026 compared to $1.57 billion for the first six months of 2025. As a percentage of net sales, cost of goods sold increased 10 basis points for the first six months of 2026 to 76.7% compared to 7…
For the three months ended June 28, 2026, cost of goods sold as a percentage of net sales increased as a result of increased material and overhead costs, partially offset by continued cost reduction and automation initiatives we deployed throughout 2025 and into 2026 that had a positive impact on la…
Gross Profit. Gross profit decreased $3.1 million, or 1%, to $247.6 million for the three months ended June 28, 2026 compared to $250.6 million for the three months ended June 29, 2025. As a percentage of net sales, gross profit decreased 10 basis points to 23.8% for the three months ended June 28, …
Gross profit decreased $4.8 million, or 1%, to $474.4 million for the first six months of 2026 compared to $479.2 million in the prior year period. As a percentage of net sales, gross profit decreased 10 basis points to 23.3% for the first six months of 2026 compared to 23.4% for the prior year peri…
Controls & procedures
Text added vs the prior filing · source: 10-Q · 2026-11-05
communicated to the Company’s management, including our Chief Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.
There have been no changes in our internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) that occurred during the three months ended September 27, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control ove…
Text removed vs the prior filing · source: 10-Q · 2026-08-06
There have been no changes in our internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) that occurred during the three months ended June 28, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over fin…
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