SPAR Group Q1 2024 Adj EPS $0.06 Beats $(0.02) Estimate, Sales $68.693M Beat $48.000M Estimate

5/15/24 8:02:43 AM ET

Business Services

Consumer Discretionary

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SPAR Group (NASDAQ:SGRP) reported quarterly earnings of $0.06 per share which beat the analyst consensus estimate of $(0.02) by 400 percent. This is a 20 percent increase over earnings of $0.05 per share from the same period last year. The company reported quarterly sales of $68.693 million which beat the analyst consensus estimate of $48.000 million by 43.11 percent. This is a 6.70 percent increase over sales of $64.380 million the same period last year.

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Financials

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SPAR Group, Inc. Reports Second Quarter 2024 Results
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
8/14/24 9:59:03 AM ET
$SGRP
Business Services
Consumer Discretionary
SPAR Group, Inc. Announces Timing of Second Quarter Results Conference Call
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
8/12/24 12:48:02 PM ET
$SGRP
Business Services
Consumer Discretionary
SPAR Group, Inc. Reports First Quarter 2024 Results
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
5/15/24 8:00:00 AM ET
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Business Services
Consumer Discretionary

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SPAR Group Stockholders Approve Merger with Highwire Capital
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
10/25/24 2:47:00 PM ET
$SGRP
Business Services
Consumer Discretionary
SPAR Group Calls Special Meeting to Approve Merger
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
10/16/24 11:00:00 AM ET
$SGRP
Business Services
Consumer Discretionary
Apollo Capital Notes Deficiencies of SPAR Group Take-Private By Highwire
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,
10/4/24 4:28:20 PM ET
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Leadership Updates

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SPAR Group, Inc. Names Antonio Calisto Pato as Chief Financial Officer
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
2/23/23 8:00:00 AM ET
$SGRP
Business Services
Consumer Discretionary
SPAR Group Appoints Ron Lutz as Chief Global Commercial Officer and William Linnane as Chief Strategy and Growth Officer
~ 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
7/13/21 8:00:00 AM ET
$SGRP
Business Services
Consumer Discretionary
SPAR Group Announces Resignation of Three Independent Board Members
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
6/15/21 7:30:00 AM ET
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Market Insights

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Crude Oil Rises 1%; Dollar Tree Shares Fall After Q1 Results
U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining over 100 points on Wednesday. The Dow traded up 0.33% to 38,840.06 while the NASDAQ rose 1.70% to 17,143.85. The S&P 500 also rose, gaining, 1.03% to 5,345.70. Check This Out: Keurig Dr Pepper To Rally Around 18%? Here Are 10 Top Analyst Forecasts For Wednesday Leading and Lagging SectorsInformation technology shares rose by 2.4% on Wednesday. In trading on Wednesday, consumer staples shares fell by 0.6%. Top Headline Dollar Tree Inc (NASDAQ:DLTR) shares fell over 5% on Wednesday after the company reported its first-quarter FY24 earnings and announced a review of strategic alternatives for its
6/5/24 2:37:34 PM ET
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Department/Specialty Retail Stores
Consumer Discretionary
Why Lands' End Shares Are Trading Lower? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
Shares of Lands’ End, Inc. (NASDAQ:LE) fell sharply during Wednesday's session following first-quarter results. Lands’ End reported quarterly adjusted loss of 20 cents per share which beat the analyst consensus estimate of 26 cents per share. The company reported quarterly sales of $285.47 million which beat the analyst consensus estimate of $269.82 million, according to data from Benzinga Pro. Lands’ End shares dipped 9.3% to $12.60 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Actelis Networks, Inc. (NASDAQ:ASNS) shares jumped 512% to $2.88 after the company announced orders for cyber-hardened networking technology to be deployed at thr
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Gold Gains 1%; ISM Services PMI Surges In May
U.S. stocks traded higher midway through trading, with the Nasdaq Composite surging over 1% on Wednesday. The Dow traded up 0.04% to 38,728.39 while the NASDAQ rose 1.21% to 17,060.58. The S&P 500 also rose, gaining, 0.59% to 5,322.59. Check This Out: Keurig Dr Pepper To Rally Around 18%? Here Are 10 Top Analyst Forecasts For Wednesday Leading and Lagging SectorsInformation technology shares rose by 1.6% on Wednesday. In trading on Wednesday, energy shares fell by 0.6%. Top Headline The ISM services PMI climbed to 53.8 in May, notching the highest level in nine months, and topping market expectations of 50.8. Equities Trading UP Actelis Networ
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Consumer Discretionary

SPAR Group Q1 2024 Adj EPS $0.06 Beats $(0.02) Estimate, Sales $68.693M Beat $48.000M Estimate

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Recent Analyst Ratings for
$SGRP

$SGRP
Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13D/A filed by SPAR Group Inc.

SEC Form SC 13D filed by SPAR Group Inc.

Amendment: SEC Form SC 13D/A filed by SPAR Group Inc.

$SGRP
Financials

Live finance-specific insights

SPAR Group, Inc. Reports Second Quarter 2024 Results

SPAR Group, Inc. Announces Timing of Second Quarter Results Conference Call

SPAR Group, Inc. Reports First Quarter 2024 Results

$SGRP
Press Releases

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SPAR Group Stockholders Approve Merger with Highwire Capital

SPAR Group Calls Special Meeting to Approve Merger

Apollo Capital Notes Deficiencies of SPAR Group Take-Private By Highwire

$SGRP
SEC Filings

SEC Form 10-Q filed by SPAR Group Inc.

SPAR Group Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Other Events, Financial Statements and Exhibits

SEC Form DEFA14A filed by SPAR Group Inc.

$SGRP
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Large owner Brown Robert G/ sold $51,991 worth of shares (21,221 units at $2.45), decreasing direct ownership by 0.85% to 2,476,378 units (SEC Form 4)

Large owner Brown Robert G/ sold $55,332 worth of shares (22,574 units at $2.45), decreasing direct ownership by 0.90% to 2,497,599 units (SEC Form 4)

Large owner Brown Robert G/ sold $10,742 worth of shares (4,439 units at $2.42), decreasing direct ownership by 0.18% to 2,520,173 units (SEC Form 4)

$SGRP
Leadership Updates

Live Leadership Updates

SPAR Group, Inc. Names Antonio Calisto Pato as Chief Financial Officer

SPAR Group Appoints Ron Lutz as Chief Global Commercial Officer and William Linnane as Chief Strategy and Growth Officer

SPAR Group Announces Resignation of Three Independent Board Members

$SGRP
Market Insights

Live Market Insights

Crude Oil Rises 1%; Dollar Tree Shares Fall After Q1 Results

Why Lands' End Shares Are Trading Lower? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Gold Gains 1%; ISM Services PMI Surges In May

SPAR Group Q1 2024 Adj EPS $0.06 Beats $(0.02) Estimate, Sales $68.693M Beat $48.000M Estimate

Chat with this insight

Recent Analyst Ratings for $SGRP

$SGRP Large Ownership Changes

This live feed shows all institutional transactions in real time.

Amendment: SEC Form SC 13D/A filed by SPAR Group Inc.

SEC Form SC 13D filed by SPAR Group Inc.

Amendment: SEC Form SC 13D/A filed by SPAR Group Inc.

$SGRP Financials

Live finance-specific insights

SPAR Group, Inc. Reports Second Quarter 2024 Results

SPAR Group, Inc. Announces Timing of Second Quarter Results Conference Call

SPAR Group, Inc. Reports First Quarter 2024 Results

$SGRP Press Releases

Fastest customizable press release news feed in the world

SPAR Group Stockholders Approve Merger with Highwire Capital

SPAR Group Calls Special Meeting to Approve Merger

Apollo Capital Notes Deficiencies of SPAR Group Take-Private By Highwire

$SGRP SEC Filings

SEC Form 10-Q filed by SPAR Group Inc.

SPAR Group Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders, Other Events, Financial Statements and Exhibits

SEC Form DEFA14A filed by SPAR Group Inc.

$SGRP Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Large owner Brown Robert G/ sold $51,991 worth of shares (21,221 units at $2.45), decreasing direct ownership by 0.85% to 2,476,378 units (SEC Form 4)

Large owner Brown Robert G/ sold $55,332 worth of shares (22,574 units at $2.45), decreasing direct ownership by 0.90% to 2,497,599 units (SEC Form 4)

Large owner Brown Robert G/ sold $10,742 worth of shares (4,439 units at $2.42), decreasing direct ownership by 0.18% to 2,520,173 units (SEC Form 4)

$SGRP Leadership Updates

Live Leadership Updates

SPAR Group, Inc. Names Antonio Calisto Pato as Chief Financial Officer

SPAR Group Appoints Ron Lutz as Chief Global Commercial Officer and William Linnane as Chief Strategy and Growth Officer

SPAR Group Announces Resignation of Three Independent Board Members

$SGRP Market Insights

Live Market Insights

Crude Oil Rises 1%; Dollar Tree Shares Fall After Q1 Results

Why Lands' End Shares Are Trading Lower? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

Gold Gains 1%; ISM Services PMI Surges In May

Recent Analyst Ratings for
$SGRP

$SGRP
Large Ownership Changes

$SGRP
Financials

$SGRP
Press Releases

$SGRP
SEC Filings

$SGRP
Insider Trading

$SGRP
Leadership Updates

$SGRP
Market Insights