Overview

* SPAR Group Q2 rev of $38.6 mln, reflecting divestitures impact

* Consolidated gross margin improves to 23.5% from 21.4% in Q1

* Net income break-even vs $3.9 mln loss in prior yr qtr

Outlook

* Company highlights $200 mln future business opportunities in U.S. and Canada

* SPAR Group emphasizes solid balance sheet and liquidity over $15 mln

Result Drivers

* REVENUE GROWTH - U.S. and Canada revenues increased 5% yr/yr

* GROSS MARGIN IMPROVEMENT - Consolidated gross margin rose to 23.5% from 21.4% in Q1, indicating improved profitability

* DIVESTITURE IMPACT - Sales declines from prior year due to exit from joint ventures in Mexico, China, Japan, and India

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $38.63

Revenue mln

Q2 Net -$1,000

Income

Q2 Gross $9.06

Profit mln

Q2 $715,000

Operatin

g Income

Q2 $119,000

Pretax

Profit

Press Release:

(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.)