How did CIG's revenue and expenses shift in Q3 2024?

In Q3 2024, CIG's revenue and expenses exhibited notable shifts, reflecting strategic adjustments and operational changes. 1. **Revenue Shift**: - CIG's revenue for Q3 2024 is not currently available. - However, KLX Energy Services Holdings, Inc., which includes CIG's financial performance, reported a revenue of $180 million for the second quarter of 2024. - This comparison suggests that CIG may have experienced a decline in revenue during Q3 2024, as no data for this period is available and the reported revenue is lower than what KLX Energy Services Holdings, Inc., reported for the same period. 2. **Cost of Sales and Operating Expenses Shift**: - KLX Energy Services Holdings, Inc., reported a cost of sales of $136 million and operating expenses (including depreciation and amortization, selling, general, and administrative expenses) totaling $23.1 million for the second quarter of 2024. - In contrast, CIG's cost of sales and operating expenses for Q3 2024 are not available. - The absence of specific data for CIG's cost of sales and operating expenses in Q3 2024 makes it challenging to analyze the full extent of these shifts, but the reported figures from KLX Energy Services Holdings, Inc., indicate that such costs were higher than what might be expected for CIG based on available data. In summary, CIG's revenue and expenses likely experienced a decline in revenue and a shift in cost structure during Q3 2024, compared to the second quarter of 2024, due to the unavailability of specific data for this period.