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/Mis Actual Consensu

s s

Estimate

Q3 $41.42

Revenue mln

Q3 EPS -$0.37

Q3 Net -$8.76

Income mln

Q3 Gross $7.69

Profit mln

Q3 -$5.92

Operatin mln

g Income

Q3 -$7.05

Pretax mln

Profit

Press Release:

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(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.)