Risk-factor diff
FY 2025 10-K vs. FY 2024Net-new paragraphs in the most recent 10-K's Item 1A. Companies rarely add risk language without a real reason — additions here are often a leading signal of management concerns.
“Throughout 2025, the Company operated in challenging demand environments across both North America and”
“EMEA. In North America, market demand was weaker than expected throughout most of the year as economic”
“uncertainty from tariffs, slower housing starts, weaker consumer sentiment and lower industrial production”
“negatively impacted box demand. Although industry growth was subdued throughout 2025, we grew above market”
“in the second half of the year as we gained commercial momentum through our focused customer service and”
Policies & disclosures
Clawback, anti-hedging, stock ownership, and related-party policies will populate from extracted proxy sections.