Simpson Manufacturing Co., Inc. SSD
New risk paragraphs, branching off last year
Each branch is a paragraph in Risk Factors with nothing like it in the 10-K filed Mar 3, 2025. A box jumps to the paragraph as filed, below.
Paragraphs with nothing like them in last year's 10-K
4 paragraphs in Risk Factors of the 10-K filed Feb 27, 2026 with nothing like them in the 10-K filed Mar 3, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
We strive to comply with all applicable laws, policies, legal obligations and industry codes of conduct relating to privacy and data protection. However, we continue to see increasingly complex, rigorous and more stringent regulatory standards enacted to protect businesses and personal data. In the United States, we are subject to the California Consumer Privacy Act, as amended by the California Privacy Rights Act (collectively, “CCPA”), which grants California residents significant rights over their personal information and imposes substantial compliance obligations on covered businesses. Numerous other states—including Virginia, Colorado, Connecticut, Texas, Oregon, Montana, Delaware, Indiana, Iowa, Tennessee and others—have enacted comprehensive privacy laws with varying requirements, and additional states continue to consider similar legislation. This patchwork of state laws creates compliance complexity and increases the risk of inadvertent violations. Certain state laws, including the CCPA, provide for statutory damages and private rights of action in connection with data breaches, which could expose us to significant liability. Internationally, we are subject to the European Union's General Data Protection Regulation (“GDPR”), the UK GDPR and other data protection regimes that impose strict requirements on the processing of personal data and provide for substantial fines for non-compliance. Cross-border data transfers are subject to evolving legal requirements, and mechanisms we rely on to transfer data internationally may be challenged or invalidated, which could disrupt our operations or require us to implement costly alternative arrangements. Any failure to comply with GDPR, the CCPA, or other domestic or international regulatory standards, could subject the Company to legal and reputational risks. Misuse of or failure to secure personal information could also result in violation of data privacy laws and regulations, proceedings against us by governmental
We also face product liability exposure when our products are incorporated into residential construction by home builders. When home builders are sued for construction-related claims, including claims alleging defective construction, water intrusion,
structural failures or building code violations, they may seek indemnification or contribution from us as a product supplier, or plaintiffs may name us directly as a defendant. These claims may arise years after our products were sold and installed, and may involve multiple parties, complex allocation disputes and protracted litigation. Construction defect litigation is common in certain jurisdictions and can result in significant defense costs and potential liability, regardless of whether our products were the proximate cause of the alleged damage.
Our operations are subject to extensive and increasingly stringent federal, state and local environmental, health and safety laws and regulations, including the Clean Air Act, the Clean Water Act, the Resource Conservation and Recovery Act (“RCRA”), the Comprehensive Environmental Response, Compensation, and Liability Act ("CERCLA” or “Superfund”), the Toxic Substances Control Act (“TSCA”), the Occupational Safety and Health Act (“OSHA”) and their state counterparts. These laws regulate, among other things, air emissions, wastewater discharges, the generation, handling, storage, transportation, treatment and disposal of hazardous and non-hazardous wastes, the investigation and remediation of contaminated sites, and workplace health and safety.
Paragraphs in the 10-Q filed Nov 5, 2026 that were not in the one before
New in the latest 10-Q
15 paragraphs in the 10-Q filed Nov 5, 2026 with nothing like them in the 10-Q filed Aug 6, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
Financial statements and notes
Early adoption is permitted and is effective on either a prospective, modified or retrospective transition approach. The Company is currently assessing the potential impacts of adoption on the consolidated financial statements.
Read in the 10-Q
aggregate, and their fair value at September 30, 2026 was $ 173.61 per award or $ 9.1 million in aggregate. As of September 30, 2026 the Company recognized $ 6.9 million of stock-based compensation expense related to the liability classified awards with a corresponding share-based compensation liability.
Read in the 10-Q
collar in June 2026 that was designated as net investment hedge of a $ 300 million portion of its net investment in its EUR subsidiary.
Read in the 10-Q
(in thousands) North Europe Asia/ Total Reportable Segments Administrative Total
Read in the 10-Q
(in thousands) North Europe Asia/ Total Reportable Segments Administrative Total
Read in the 10-Q
Show the other 10
(in thousands) North Europe Asia/ Total Reportable Segments Administrative Total
Read in the 10-Q
(in thousands) North Europe Asia/ Total Reportable Segments Administrative Total
Read in the 10-Q
On October 22, 2026, the Board approved a new stock repurchase authorization of $ 1.0 billion, with no expiration date, superseding the prior $ 200.0 million authorization.
Read in the 10-Q
• Driving above market growth compared to our relevant end markets including outperforming United States housing starts;
Read in the 10-Q
Raw material costs, particularly steel costs, have increased and are expected to continue to pressure gross margins. Steel prices have increased by more than 50% compared to the prior-year period and are at their highest level in more than four years, with additional steel tariffs scheduled for 2027. We expect to take additional pricing actions effective in January 2027 in response to higher steel and other input costs. However, there may be a timing difference between the recognition of higher input costs and the realization of benefits from pricing actions, which could adversely affect gross margin in the near term.
Read in the 10-Q
Our current outlook for European performance reflects a market that we expect to be flat to slightly declining in 2026, including continued weakness in certain markets, particularly France, partially offset by recent pricing actions and cost-saving initiatives, including ongoing footprint optimization efforts. We believe in Europe's long-term potential given on-going housing shortage (with an increasing use of wood construction) and new environmental regulations for which we have products and solutions.
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• Loss from operations increased to $11.7 million from $1.1 million primarily due to a $12.9 million gain on disposal of assets from the sale of the existing Gallatin, Tennessee facility for the three months ended September 30, 2025.
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(in thousands) North America Europe Asia/ Administrative & Unallocated Other Total
Read in the 10-Q
During the nine months ended September 30, 2026, the Company repurchased approximately 0.9 million shares of the Company’s common stock in the open market at an average price of $187.28 per share, for a total of $165.0 million under the previously announced $200.0 million repurchase authorization. As of September 30, 2026, the Company accrued approximately $1.5 million for the excise tax, which is included as a cost of treasury stock; however, this is not reflected in the share repurchase amounts above.
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Controls and procedures
procedures are also designed reasonably to assure that this information is accumulated and communicated to the Company’s management, including the CEO and the CFO, as appropriate to allow timely decisions regarding required disclosure.
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The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Nov 5, 2026 against Item 1A of the 10-K filed Feb 27, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted).
Text on the page, not a score; each links to the filing at sec.gov.
What the 10-Q itself says about its risk factors:There have been no material changes to our risk factors reported or new risk factors identified since the filing of our Annual Report on Form 10-K for the year ended December 31, 2025.
Read in the 10-Q
1 paragraph in the 10-Q's Item 1A, and none of them adds, rewords or quietly edits a paragraph of the 10-K's.
Phrases used for the first time
Two-word phrases in Risk Factors of the 10-K filed Feb 27, 2026 that are in none of the 1 earlier 10-Ks stored, back to Mar 3, 2025
Where each one is used
- home builders: We also face product liability exposure when our products are incorporated into residential construction by home builders. When home builders are sued for construction-related claims, including claims alleging defective construction, water intrusion,
Used at least twice, small words left out. Counted, not picked: a phrase can be new because the company renamed something.
What was taken out
4 paragraphs of last year's Risk Factors with nothing like them now. The longest are quoted.
Sources
Item 1A of each 10-K and 10-Q on EDGAR, quoted exactly. Each paragraph links to the filing at sec.gov.
Also
10-K change: what was reworded or cut, section by section.
Work with it
Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/SSD/export.csv") into a cell.