CIGI — what changed in the latest 10-Q
A section-by-section comparison of CIGI'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 · 2004-02-13 vs the prior 10-Q · 2003-10-27
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +14 | −14 | ~25 | 10 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | −1 | ~2 | 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, Risk factors, Other information
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 · 2004-02-13
Revenues for our third quarter of fiscal 2004 were $152.1 million, 20% higher than the prior year's quarter. Internal growth was 9%, while changes in foreign exchange rates and acquisitions contributed 6% and 5%, respectively.
Third quarter EBITDA was $9.5 million, 16% higher than the $8.2 million reported in the prior year quarter. Our EBITDA margin was 6.2% of revenues versus 6.5% of revenues because of higher corporate costs and foreign exchange in Business Services (higher revenues without corresponding EBITDA). Opera…
Our Residential Property Management segment reported revenues of $54.9 million for the quarter, up $8.1 million or 17% versus the prior year quarter. Internal growth in core contractual management revenues was 11%, and an additional 6% of growth came from acquisitions completed during the last twelv…
The revenues of our Integrated Security Services segment rose 15% to $32.6 million. Internal growth was 5%, while foreign exchange on our Canadian operations accounted for the balance of the revenue increase. Integrated Security Services EBITDA was $2.6 million, an increase of 22% over the $2.1 mill…
Consumer Services revenues were $27.5 million, an increase of 44% over the prior year period. Internal growth represented 22% of the revenue gain, while acquisitions accounted for 17% and foreign exchange accounted for 5%. EBITDA at Consumer Services was $2.6 million compared to $1.3 million reporte…
Text removed vs the prior filing · source: 10-Q · 2003-10-27
Revenues for our second quarter of fiscal 2004 were $166.5 million, 15% higher than the comparative second quarter. Approximately 4% of the increase was due to changes in foreign exchange rates and 2% or $2.8 million of the increase resulted from acquisitions completed during the last twelve months.…
The quarter's EBITDA was $21.4 million, up slightly from $21.2 million in the prior year quarter. Our EBITDA margin declined to 12.8% of revenues from 14.6% of revenues because of foreign exchange (higher revenues without corresponding EBITDA), lower capacity utilization in Business Services, revenu…
Revenues at our Residential Property Management operations were $66.8 million for the quarter, up $7.3 million or 12% versus the prior year quarter. Approximately 3% of the growth resulted from the acquisition of a Manhattan-based property management business, Cooper Square Realty, Inc. ("CSR"), in …
In our Integrated Security Services segment, revenues rose 17% to $29.5 million. Foreign exchange on our Canadian operations accounted for 7% of the revenue increase, while strong systems installation sales at our U.S. operations accounted for the balance. Integrated Security Services EBITDA was $2.…
Our Consumer Services segment's revenues were $34.0 million, an increase of 20% over the prior year period. Four percent of the increase was the result of two California Closets "branchise" acquisitions completed during fiscal 2003, 5% was from the impact of foreign exchange rates on Canadian operat…
Controls & procedures
Text removed vs the prior filing · source: 10-Q · 2003-10-27
and its consolidated subsidiaries would be made known to them by others within those entities and would be disclosed on a timely basis.
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