SPAR Group Q2 net income $3.6M ($0.15 EPS), up 467% YoY; Americas revenue up 37% in U.S.

SPAR Group, Inc.

2024-Q2 EPS reported $0.43 vs consensus $0.00 ▲ beat (+43000000.0%)

Net revenues $57.3M, with Americas segment $54.0M; gross profit $11.0M (19.2% margin).
Net income attributable to SPAR $3.6M, diluted EPS $0.15, up 467% YoY; includes $4.9M gain on divestitures.
Closed divestitures of China and Brazil; cash increased to $21.7M, total liquidity $33.4M.
Repurchased 1 million shares under buyback program; $11M cash increase since year-end 2023.
'Go private' process from June 5 announcement remains underway; no further update provided.

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