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Spar Group (SGRP)
:SGRP
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.02Last Year’s EPS
0.11Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 19, 2018
|% Change Since: -23.75%
|Next Earnings Date:Aug 20, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong performance in the core Americas segment and significant growth in net income, driven by strategic focus and successful acquisitions. However, revenue declines due to strategic exits and margin compression in the remodeling business pose challenges. Overall, the focus on core markets and strategic management indicates a positive outlook despite current challenges.Company Guidance
During the SPAR Group's Q2 2024 earnings call, the company reported a consolidated revenue of $57.3 million, primarily driven by the Americas segment, which accounted for $54 million, marking a 3.8% increase from the prior year. The United States saw a 37% revenue increase, while Canada experienced a 14% rise, largely due to the recovery in the remodel business. The company's consolidated gross margin improved to 19.2%, reflecting a 100 basis point increase over the first quarter. Selling, general and administrative (SG&A) expenses were $9.5 million, down $1.1 million from the previous year, but represented a 60 basis point increase as a percentage of revenue. The company reported a consolidated EBITDA of $6.4 million, a significant increase from the prior year's $2.5 million, and net income attributable to SPAR was $3.6 million, or $0.15 per share. Additionally, the strategic exit from several international joint ventures and the acquisition of the remaining 49% of Resource Plus contributed to these results. The company emphasized its focus on growth in the U.S. and Canada, where it sees significant potential, supported by a strong financial position with total worldwide liquidity of $33.5 million as of June 30, 2024.Strong Performance in the Americas
The Americas segment generated $54 million, marking a 3.8% increase compared to the prior year. The United States revenue was up 37% over last year, with the remodel business growing by 88% over last year in the second quarter.
Significant Growth in Net Income
Net income attributable to SPAR Group, Inc. for Q2 was $3.6 million or $0.15 per share, a significant increase from $639,000 or $0.03 per share in the year-ago quarter.
Successful Strategic Exits and Acquisitions
Completed the acquisition of the remaining 49% of Resource Plus, now owning 100% of all U.S. businesses. The strategic exit from South Africa, China, Australia, and NMS joint ventures resulted in 0 revenues from these entities, focusing on core markets.
Improved Gross Margin
Consolidated gross margin for the quarter was 19.2%, a 100 basis point improvement over the first quarter.
Reduction in SG&A Expenses
SG&A for the second quarter was $9.5 million, down $1.1 million from $10.6 million last year, indicating careful management of expenses.
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SGRP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SGRP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $2.40 | $2.43 | +1.25% |
| Aug 14, 2024 | $1.88 | $1.81 | -3.72% |
| May 15, 2024 | $1.75 | $1.77 | +1.14% |
| Apr 01, 2024 | $0.97 | $1.35 | +39.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Spar Group (SGRP) report earnings?
Spar Group (SGRP) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is Spar Group (SGRP) earnings time?
Spar Group (SGRP) earnings time is at Mar 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SGRP EPS forecast?
SGRP EPS forecast for the fiscal quarter 2024 (Q4) is 0.02.
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