SPAR Q1 revenue $68.7M (+7% YoY); EPS $0.28 vs $0.04; includes $7.2M gain on sale

SPAR Group, Inc.

2024-Q1 EPS reported $0.28 vs consensus -$0.02 ▲ beat (+1472.5%)

Net revenues $68.7M, up 7% YoY; operating income $9.6M, up 204% from $3.2M.
Diluted EPS $0.28 vs $0.04 prior year; includes $7.2M pre-tax gain on business sales.
Adjusted diluted EPS $0.06 vs $0.05; adjusted EBITDA $3.4M vs $4.2M prior year.
Americas revenue up 12.5% on US/Canada remodel recovery; APAC -5.5%; EMEA -14.7%.
Sold Australia, China, South Africa, Brazil; bought 1M shares; owns 100% of US JV.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SPAR Group, Inc. reported first quarter ended March 31, 2024 results: revenue $68.7 million, net income $6.6 million, EPS $0.28.

Period: first quarter ended March 31, 2024
Revenue: $68.7 million
Net income: $6.6 million
EPS: $0.28
Result: reported results

Exact text from the filing

(EXHIBIT 99.1) --- EX-99.1 2 ex_674866.htm EXHIBIT 99.1 ex_674866.htm Exhibit 99.1 SPAR Group, Inc. Reports First Quarter 2024 Results May 15, 2024 • Consolidated Revenues of $68.7 million, up 7% from Last Year • U.S. and Canada Revenues up 22% from Last Year • Consolidated Operating Income of $9.6 million compared to $3.2 million Last Year • Diluted EPS of $0.28

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Source: SEC EDGAR

accession 0001437749-24-017290

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