---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-017290"
form_type: "8-K"
ticker: "SGRP"
cik: "0001004989"
company_name: "SPAR Group, Inc."
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T18:22:12.930650+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-017290
- form_type: 8-K
- ticker: SGRP
- cik: 0001004989
- company_name: SPAR Group, Inc.
- filed_at: 2024-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1004989/000143774924017290/0001437749-24-017290-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1004989/000143774924017290/sgrp20240503_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-017290
- JSON: https://secwatch.observer/filing/0001437749-24-017290.json
- Plain text: https://secwatch.observer/filing/0001437749-24-017290.txt

## Key facts
- Earnings Releases
  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
  source text: (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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1004989/000143774924017290/0001437749-24-017290-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.