SPAR Group Q2 revenue falls

Spar

14/08/2025 13:11

Overview

SPAR Group Q2 rev of $38.6 mln, reflecting divestitures impact

Consolidated gross margin improves to 23.5% from 21.4% in Q1

Net income break-even vs $3.9 mln loss in prior yr qtr

Outlook

Company highlights $200 mln future business opportunities in U.S. and Canada

SPAR Group emphasizes solid balance sheet and liquidity over $15 mln

Result Drivers

REVENUE GROWTH - U.S. and Canada revenues increased 5% yr/yr

GROSS MARGIN IMPROVEMENT - Consolidated gross margin rose to 23.5% from 21.4% in Q1, indicating improved profitability

DIVESTITURE IMPACT - Sales declines from prior year due to exit from joint ventures in Mexico, China, Japan, and India

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$38.63 mln
Q2 Net Income
-$1,000
Q2 Gross Profit
$9.06 mln
Q2 Operating Income
$715,000
Q2 Pretax Profit
$119,000


Press Release: ID:nGNXbdzxy8

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)