SSD — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-06

• Forward-looking statements are subject to inherent uncertainties, risks and other factors that are difficult to predict and could cause our actual results to vary in material respects from what we have expressed or implied by these forward-looking statements. Important factors that could cause our a…

• investments, as noted above) incurred over the three years and potentially by future costs increases. In addition, the price increases are expected to partially offset increased costs related to the tariffs affecting a portion of our fastener and anchors sales, but do not offset tariffs announced af…

• Changes in raw material cost could impact the amount of inventory on-hand, and negatively affect our gross profit and operating margins depending on the timing of raw material purchases or how much sales prices can be increased to offset any increases in raw material costs.

• Operating income increased 14.5% to $276.3 million. The increase was primarily due to the increases in net sales as well as lower operating expense including lower personnel costs, and travel and fuel costs.

• We believe sales volumes will likely be impacted by lower housing starts compared to prior year, which will impact net sales and margins. Rising steel costs in the second half of 2026 will also create margin pressure.

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• Forward-looking statements are subject to inherent uncertainties, risks and other factors that are difficult to predict and could cause our actual results to vary in material respects from what we have expressed or implied by these forward-looking statements. Important factors that could cause our a…

• Asia/Pacific. Within the North America segment, our sales efforts are dedicated to serving customers across the following end-use markets:

• Operating income increased 12.8% to $118.3 million. The increase was primarily due to higher net sales and lower operating expenses, partially offset by increased cost of goods sold reflecting primarily the impact from tariffs and higher material costs, labor and factory and overhead costs, as a per…

• Europe net sales increased 6.3% for the three months ended March 31, 2026 compared to the three months ended March 31, 2025, due to the positive effect of approximately $13.2 million in foreign currency translations as well as price increases. partly offset by lower sales volumes as a result of unfa…

• Selling expense increased 0.6% to $54.5 million from $54.2 million, primarily due to increases of $0.5 million in variable compensation, and $0.5 million in advertising and trade shows costs, which is offset by decreases of $0.5 million in personnel costs and $0.2 million in software related costs, …

Text added vs the prior filing · source: 10-Q · 2026-08-06

• Our primary exposure to interest rate risk results from outstanding borrowings under the Credit Agreement, which bears interest at variable rates. As of June 30, 2026, the outstanding debt under the Credit Agreement subject to interest rate fluctuations was $336.7 million. The variable interest rate…

• We have entered into an interest rate swap agreement to convert the variable interest rate on the balances outstanding under our Credit Agreement to fixed interest rates. The objective of the interest rate swap agreement is to eliminate the variability of the interest payment cash flows associated w…

• In the normal course of business, we are exposed to market risk related to our purchases of steel, a significant raw material upon which our manufacturing depends. Steel costs were relatively stable into early 2025 but began to rise in late 2025 and continued increasing during the second quarter of …

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• Our primary exposure to interest rate risk results from outstanding borrowings under the Credit Agreement, which bears interest at variable rates. As of March 31, 2026, the outstanding debt under the Credit Agreement subject to interest rate fluctuations

• was $370.5 million. The variable interest rates on the Credit Agreement fluctuate and expose us to short-term changes in market interest rates as our interest obligation on this instrument is based on prevailing market interest rates. Interest rates fluctuate as a result of many factors, including g…

• We have entered into an interest rate swap agreement to convert the variable interest rate on the balances outstanding under our Credit Agreement to fixed interest rates. The objective of the interest rate swap agreement is to eliminate the variability of the interest payment cash flows associated w…

• In the normal course of business, we are exposed to market risk related to our purchase of steel, a significant raw material upon which our manufacturing depends. Steel cost were stable by the end of 2024 and early part of 2025. Costs began to raise by late 2025 and first quarter 2026. While steel i…