SPAR Group, Inc., together with its subsidiaries, provides merchandising and marketing services worldwide. The company offers syndicated services, such as implementing category and product resets; maintaining planogram integrity and compliant; replenishment and rotation of products on shelves; implementing new item cut-ins that are approved for distribution; setting endcap displays and promotional items in prominent sales positions; ensuring product shelf tags and accurate pricing are in place; point of purchase and signage installation; managing product inventory details including low and out-of-stocks, returns, and reordering; compliance and price audits. It also provides dedicated services, including syndicated services, as well as new store set-up, store remodel, and fixture installation services for a specific retailer or manufacturer. In addition, the company offers project services comprising specific in-store services initiated by retailers and manufacturers, such as new store openings, new product launches, special seasonal or promotional merchandising, focused product support, product recalls, and in-store product demonstration and sampling, as well as performs kiosk product replenishment, inventory control, new store sets and existing store resets, re-merchandising, remodels and category implementation, and under annual or stand-alone project contracts or agreements. Further, it provides retail new store openings and remodeling, assembly, in-store event staffing, retail compliance and price audit, and other marketing services. The company serves mass merchandisers; pharmacies; grocery, office supply, dollar, automotive, convenience, specialty, electronic, and home improvement stores; and other retail outlets. SPAR Group, Inc. was founded in 1967 and is headquartered in Auburn Hills, Michigan.
IPO Year:
Exchange: NASDAQ
Website: sparinc.com
10-K - SPAR Group, Inc. (0001004989) (Filer)
NT 10-Q - SPAR Group, Inc. (0001004989) (Filer)
8-K - SPAR Group, Inc. (0001004989) (Filer)
8-K - SPAR Group, Inc. (0001004989) (Filer)
8-K - SPAR Group, Inc. (0001004989) (Filer)
NT 10-K - SPAR Group, Inc. (0001004989) (Filer)
8-K - SPAR Group, Inc. (0001004989) (Filer)
8-K - SPAR Group, Inc. (0001004989) (Filer)
10-Q - SPAR Group, Inc. (0001004989) (Filer)
8-K - SPAR Group, Inc. (0001004989) (Filer)
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AUBURN HILLS, Mich., Aug. 14, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR," "SPAR Group" or the "Company"), a leading provider of merchandising, marketing, and distribution services today reported financial and operating results for the three and six months ended June 30, 2024. Mike Matacunas, the Company's President and Chief Executive Officer, commented, "Our second quarter results reflect a focus on simplification and driving growth in the Americas, specifically the U.S. and Canada. Our revenues in the second quarter were up 37% in the ongoing U.S. business and 14% in Canada. In addition, we continued to divest in underperforming assets in the second quarter resultin
AUBURN HILLS, Mich., Aug. 12, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a leading provider of merchandising and marketing services, today announces that it will release its 2024 fiscal second quarter results on Wednesday, August 14, 2024, before the market opens. In conjunction with the release, a conference call will be hosted by Mike Matacunas, Chief Executive Officer; and Antonio Calisto Pato, Chief Financial Officer. Management does not plan to take questions based on the letter of intent and pending transaction announced on June 5, 2024. By Phone: Dial 1-833-630-1542, or 1-412-317-1821 if calling from an International number, at
Consolidated Revenues of $68.7 million, up 7% from Last YearU.S. and Canada Revenues up 22% from Last YearConsolidated Operating Income of $9.6 million compared to $3.2 million Last YearDiluted EPS of $0.28 compared to $0.04 Last Year AUBURN HILLS, Mich., May 15, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR," "SPAR Group" or the "Company"), today announced first-quarter 2024 consolidated revenues of $68.7 million, a 6.7% increase from the first quarter of 2023. Consolidated operating income was $9.6 million, up 204% compared to the first quarter of 2023. Diluted earnings per share were $0.28, including one-time recognition of a $7.2 million pre-tax gain on sale
AUBURN HILLS, Mich., May 09, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a leading global provider of merchandising and marketing services, today announces that it will release its 2024 fiscal first quarter results on Wednesday, May 15, 2024, before the market opens. In conjunction with the release, a conference call will be hosted by Mike Matacunas, Chief Executive Officer; and Antonio Calisto Pato, Chief Financial Officer, and will include a Q&A session following the prepared remarks starting at 10:00 am Eastern. By Phone:Dial 1-833-630-1542, or 1-412-317-1821 if calling from an International number, at least 10 minutes before the call
AUBURN HILLS, Mich., May 01, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR," "SPAR Group," or the "Company"), a provider of merchandising, marketing, and distribution services, announces the acquisition of the remaining minority interest of Resource Plus, a U.S.-based joint venture. "SPAR established the joint venture with Resource Plus in 2017 to open new segments and expand the company's capabilities. The JV agreement enabled SPAR to accelerate the growth of its remodel business over the last few years, including positioning the company as a service provider to the two largest home improvement retailers in the U.S.," said Mike Matacunas, SPAR Group CEO. "This acqui
AUBURN HILLS, Mich., April 01, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a leading global provider of merchandising, marketing, and distribution services today reported financial and operating results for the periods ended December 31, 2023. Mike Matacunas, the Company's President and Chief Executive Officer, commented, "Fiscal 2023 was a pivotal year for the Company. We successfully executed our sales and profitability goals, which resulted in significant cash flow generation in 2023. Consolidated revenues grew to $262 million for the year, up almost 1% over the prior year, primarily due to strong U.S. merchandising revenues, exp
Combined deals to generate cash proceeds of approximately $22 million USD SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a provider of merchandising, marketing and distribution services, announces the sale of its majority share in South Africa's Meridian Group to the minority shareholder Lindicom for R181 million and the sale of SGRP Brasil Participações Ltda for 58.9 million BRL to a minority shareholder. These transactions have been approved by the SPAR Board of Directors and are expected to close in the second quarter. "We completed a robust evaluation of the Company's operations and structure, paying special attention to the quality of earnings for each of o
AUBURN HILLS, Mich., March 28, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a leading global provider of merchandising and marketing services, today announces that it will release its fiscal fourth quarter and full year 2023 results on Monday, April 1, 2024, before the market opens. In conjunction with the release, a conference call will be hosted by Mike Matacunas, Chief Executive Officer; and Antonio Calisto Pato, Chief Financial Officer, and will include a Q&A session following the prepared remarks starting at 10:00 am Eastern. By Phone:Dial 1-833-630-1542, or 1-412-317-1821 if calling from an International number, at least 10 minutes
Momentum Builds on Growth in Merchandising Services BusinessStrategic Initiative Continues with Expanded Gross Margins AUBURN HILLS, Mich., Nov. 14, 2023 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a leading global provider of merchandising, marketing, and distribution services today reported financial and operating results for the three and nine months ended September 30, 2023. Mike Matacunas, the Company's President and Chief Executive Officer, commented, "Results were in line with expectations for the third quarter with continued strength in our core merchandising business. Our U.S. merchandising business grew by 27%, Canada merchandisin
AUBURN HILLS, Mich., Nov. 07, 2023 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a leading global provider of merchandising and marketing services, today announces that it will release its fiscal third quarter 2023 results on Tuesday, November 14, 2023, before the market opens. In conjunction with the release, a conference call will be hosted by Mike Matacunas, Chief Executive Officer; and Antonio Calisto Pato, Chief Financial Officer, and will include a Q&A session following the prepared remarks starting at 10:00 am Eastern. By Phone:Dial 1-833-630-1542, or 1-412-317-1821 if calling from an International number, at least 10 minutes before the
AUBURN HILLS, Mich., April 28, 2025 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SGRP", "SPAR Group" or the "Company"), a provider of merchandising, marketing and distribution services announced today that it received a notification letter (the "Notice") from Nasdaq on April 23, 2025, because it did not timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the "Report") within the 15-calendar day extension period provided by the Form 12b-25 filing. The Notice received from Nasdaq has no immediate effect on the listing or trading of the Company's shares. Nasdaq has provided the Company 60 calendar days to submit a plan to regain compliance. If Nasd
AUBURN HILLS, Mich., April 15, 2025 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SGRP", "SPAR Group" or the "Company"), a provider of merchandising, marketing and distribution services announced today that it will not timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (the "Report"). As reported by the Company on March 31, 2025, in Form 12b-25 filed with the Securities and Exchange Commission, the Company is unable to file the Report because it required additional time to finalize its consolidated financial statements for inclusion in the Report. The Company is navigating the extended closing of the announced merger transaction and the conversi
DALLAS, March 20, 2025 /PRNewswire/ -- Highwire Capital, a middle-market investment firm, in response to media and investor inquiries, affirms intent to close the proposed acquisition (the "Proposed Acquisition") of SPAR Group, Inc. (NASDAP: SGRP) ("SGRP", "SPAR Group" or the "Corporation"). As previously announced, SPAR Group entered into the Agreement and Plan of Merger, dated August 30, 2024, by and among SGRP, Highwire Capital and Highwire Merger Co. I, Inc., a wholly owned subsidiary of Highwire Capital, whereby SPAR Group is to be acquired by Highwire Capital in an all cash transaction. SPAR Group's stockholders approved the transaction in a special meeting conducted on October 25, 20
SPAR Group, Inc. (NASDAQ:SGRP) ("SGRP", "SPAR Group" or the "Corporation"), a provider of merchandising, marketing and distribution services, in response to media and investor inquiries, announced today that it received a Third Extension of Amended and Restated Commitment Letter for the financing required under the merger agreement with Highwire Capital extending the Commitment Termination Date to March 17, 2025. All other terms and conditions set forth in the Commitment Letter remain unchanged. As previously announced, SPAR Group entered into the Agreement and Plan of Merger, dated as of August 30, 2024, by and among SGRP, Highwire Capital and Highwire Merger Co. I, Inc., a wholly owned
SPAR Group, Inc. (NASDAQ:SGRP) ("SGRP", "SPAR Group" or the "Corporation"), a provider of merchandising, marketing and distribution services, in response to media and investor inquiries, announced today that it received an Amended and Restated Commitment Letter for the financing required under the merger agreement with Highwire Capital extending the Commitment Termination Date to February 15, 2025. All other terms and conditions set forth in the Commitment Letter remain unchanged. As previously announced, SPAR Group entered into the Agreement and Plan of Merger, dated as of August 30, 2024, by and among SGRP, Highwire Capital and Highwire Merger Co. I, Inc., a wholly owned subsidiary of H
Consumers want AI in Retail to be used for delivering value and personalization through in-store coupons, product information, no-stop checkouts and in-store digital assistants Retailers currently see bigger benefits from AI than consumers, especially in through lowering human overhead, improving security and stock management Seven in 10 consumers are familiar with the use of Artificial Intelligence at the retail locations where they shop and more than half have a positive impression of the technology. Shoppers are looking for wider deployment of AI-supported services like in-aisle promotions, product information, no-stop checkout and in-store digital assistants. On the retailer side
Stockholders Approved Merger on October 25, 2024$2.50 Per Share Merger Consideration Unanimously Approved by SPAR Group Board of Directors AUBURN HILLS, Mich., Dec. 11, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SGRP", "SPAR Group" or the "Corporation"), a provider of merchandising, marketing and distribution services, in response to media and investor inquiries, affirms intent to close the proposed acquisition (the "Proposed Acquisition") by Highwire Capital. As previously announced, SPAR Group entered into the Agreement and Plan of Merger, dated August 30, 2024, by and among SGRP, Highwire Capital and Highwire Merger Co. I, Inc., a wholly owned subsidiary of Highwire Cap
SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a provider of merchandising, marketing and distribution services, today announced that its stockholders approved at a special meeting the acquisition of SPAR Group by Highwire Capital ("Highwire Capital"). The final voting results will be reported in a Current Report on Form 8-K to be filed with the Securities and Exchange Commission. Under the terms of the Agreement and Plan of Merger, dated as of August 30, 2024 (the "Merger Agreement"), by and among SPAR Group, Highwire Capital and Highwire Merger Co. I, Inc., a wholly owned subsidiary of Highwire Capital, SGRP stockholders will receive $2.50 in cash per share of c
Stockholders Vote Prior to Special Meeting at 12:00 p.m. Eastern Time on October 25, 2024$2.50 Per Share Merger Consideration Represents a 72% Premium to SPAR Group's Closing Share Price on August 30Unanimously Approved by SPAR Group Board of Directors AUBURN HILLS, Mich., Oct. 16, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR", "SPAR Group" or the "Company"), a provider of merchandising, marketing and distribution services, encourages all stockholders to vote to allow for the completion of the proposed acquisition (the "Proposed Acquisition") by Highwire Capital ("Highwire Capital"). As previously announced, SPAR Group entered into the Agreement and Plan of M
Toronto, Canada, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Apollo Technology Capital Corp. ("Apollo Capital" or "we"), today expressed its concerns about the proposed take-private of SPAR Group, Inc. (NASDAQ:SGRP) ("SPAR") by Highwire Capital ("Highwire"), a middle-market private equity firm focused on performing leveraged buy-outs, and discloses the intent of its Chairman and CEO, a stockholder of SPAR, to vote against the transaction at the upcoming special meeting of SPAR stockholders. Apollo Capital contends that, among other things: (1) there are serious questions about the credibility and certainty of Highwire's financing and the ability to close the proposed take-private transaction,
CFO Appointment Further Strengthens SPAR Group's Leadership Team AUBURN HILLS, Mich., Feb. 23, 2023 /PRNewswire/ -- SPAR Group, Inc. (NASDAQ: SGRP) ("SPAR Group" and the "Corporation", and together with its subsidiaries the "Company"), a leading global provider of services to retail and consumer goods companies, today announced the appointment of Mr. Antonio Calisto Pato as the Corporation's Chief Financial Officer, effective February 27, 2023. Mr. Calisto Pato brings strong business, finance and international leadership expertise with deep strategy, tax and operational acumen. Most recently, Antonio held CFO roles and directed all aspects of finance, accounting, treasury and tax as CFO f
~ Enabling Greater Focus on Global Growth ~ Expanding the Executive Team ~ Adding Deep Industry Expertise AUBURN HILLS, Mich., July 13, 2021 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP), a leading global provider of merchandising and marketing services, today announced key executive appointments that further strengthen its executive team and support the company's global expansion. Ron Lutz was appointed Chief Global Commercial Officer and William Linnane was appointed Chief Strategy and Growth Officer. In addition, Kori Belzer has been named Global Chief Operating Officer with expanded responsibilities over global operations and results. "I am pleased to welcome Ron and William t
AUBURN HILLS, Mich., June 15, 2021 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ:SGRP), a leading global provider of merchandising and marketing services, announced today that Mr. Arthur H. Baer, Mr. Igor Novgorodtsev, and Mr. Jeffrey A. Mayer, have resigned from the Corporation's Board of Directors, effective June 9, 2021. The management of the Corporation would like to thank Mr. Baer, Mr. Novgorodtsev, and Mr. Mayer for their service on the Board and their professional contributions. They provided experience and counsel that helped shape the Company for the future and rebuilt the Company's leadership team. Their commitment to governance and board independence was highly valued. Although
AUBURN HILLS, Mich., Jan. 06, 2021 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (Nasdaq: SGRP), a leading supplier of retail merchandising, business technology and other marketing services in 10 countries throughout North America, Latin America, Asia Pacific and Africa, announced that its Board of Directors has authorized a new share repurchase program. Under the repurchase program, the Company may repurchase up to 500,000 shares of its outstanding shares of common stock through December 22, 2021. Commenting on the share repurchase program, Arthur H. Baer, chairman of the board of directors of SPAR Group said, “The share repurchase plan reflects the board and management’s continued commitment t
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