SPAR Group Q3 revenue up 28.2% on US, Canada growth

Reuters
2025/11/14
<a href="https://laohu8.com/S/SGRP">SPAR Group</a> Q3 revenue up 28.2% on US, Canada growth

Overview

  • SPAR Group Q3 rev up 28.2% yr/yr, driven by U.S. and Canada growth

  • Company reports Q3 net loss of $8.8 mln, impacted by restructuring costs

  • Adjusted EBITDA for Q3 declines to $90 thousand from $221 thousand last year

Outlook

  • SPAR Group plans to focus on higher-margin merchandising services in 2026

  • Company targets SG&A expenses at $6.5 mln per quarter or lower

  • SPAR Group amended credit facilities to enhance financial flexibility

Result Drivers

  • REVENUE GROWTH - Net revenues increased 28.2% yr/yr, driven by growth in U.S. and Canada

  • REVENUE MIX IMPACT - Higher proportion of retailer remodeling work weighed on margins

  • RESTRUCTURING COSTS - $4 mln restructuring costs incurred in Q3, impacting net loss

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$41.42 mln

Q3 EPS

-$0.37

Q3 Net Income

-$8.76 mln

Q3 Gross Profit

$7.69 mln

Q3 Operating Income

-$5.92 mln

Q3 Pretax Profit

-$7.05 mln

Press Release: ID:nGNX84vGvF

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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