SPAR Group, Inc. Reports Second Quarter 2024 Results

Strategic transformation to simplify business and deliver strong results

AUBURN HILLS, Mich., August 14, 2024 (GLOBE NEWSWIRE) — SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR,” “SPAR Group” or the “Company”), a leading provider of merchandising, marketing and distribution services, today reported financial and operating results for the three and six months ended June 30, 2024.

Mike Matacunas, the company’s president and CEO, commented“Our second quarter results reflect a focus on simplification and driving growth in the Americas, particularly the U.S. and Canada. Our second quarter revenues grew 37% in the ongoing U.S. operations and 14% in Canada. Additionally, we continued to divest underperforming assets in the second quarter, resulting in a one-time capital gain of $4.9 million and increasing our cash flow to $22 million. Our finances are stronger than ever in the company’s history and demand for our services is growing.