SPAR Group Q3 revenue up 28.2% on US, Canada growth

Spar

14/11/2025 13:09

Overview

SPAR Group Q3 rev up 28.2% yr/yr, driven by U.S. and Canada growth

Company reports Q3 net loss of $8.8 mln, impacted by restructuring costs

Adjusted EBITDA for Q3 declines to $90 thousand from $221 thousand last year

Outlook

SPAR Group plans to focus on higher-margin merchandising services in 2026

Company targets SG&A expenses at $6.5 mln per quarter or lower

SPAR Group amended credit facilities to enhance financial flexibility

Result Drivers

REVENUE GROWTH - Net revenues increased 28.2% yr/yr, driven by growth in U.S. and Canada

REVENUE MIX IMPACT - Higher proportion of retailer remodeling work weighed on margins

RESTRUCTURING COSTS - $4 mln restructuring costs incurred in Q3, impacting net loss

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$41.42 mln
Q3 EPS
-$0.37
Q3 Net Income
-$8.76 mln
Q3 Gross Profit
$7.69 mln
Q3 Operating Income
-$5.92 mln
Q3 Pretax Profit
-$7.05 mln


Press Release: ID:nGNX84vGvF

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)