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Spar Group, Inc. - SGRP STOCK NEWS

Welcome to our dedicated news page for Spar Group (Ticker: SGRP), a resource for investors and traders seeking the latest updates and insights on Spar Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Spar Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Spar Group's position in the market.

News
SPAR Group Announces Share Repurchase Authorization
Rhea-AI Summary
SPAR Group, Inc. (NASDAQ: SGRP) announces the approval of a plan by the Board of Directors to repurchase up to 2,500,000 shares of common stock. The new stock repurchase plan aims to enhance shareholder value and is part of the company's strategy to create long-term value and focus on growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.14%
Tags
buyback
-
News
SPAR Group, Inc. Reports Fourth Quarter and Full Year Fiscal 2023 Results
Rhea-AI Summary
SPAR Group, Inc. reported improved financial results for 2023, with consolidated revenues reaching $262 million, up almost 1% from the prior year. The company focused on expanding U.S. merchandising revenues and gross profit margins, leading to significant cash flow generation. Strategic divestitures in Australia, China, and National Merchandising Services, along with upcoming agreements in South Africa and Brazil, are expected to bring growth capital for acquisitions and investments. The company's net income increased to $3.9 million for the year, with Adjusted EBITDA reaching $13.0 million for the period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
39.23%
Tags
earnings
-
News
SPAR Group Announces Sale of Interest in South Africa and Brazil
Rhea-AI Summary
SPAR Group, Inc. (NASDAQ: SGRP) announces the sale of majority shares in South Africa's Meridian Group and SGRP Brasil Participações Ltda, generating cash proceeds of approximately $22 million USD. The transactions aim to simplify SPAR Group's operating structure, bring in cash for further growth, and maximize opportunities in the market for better returns on invested capital.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
39.23%
Tags
none
News
SPAR Group, Inc. Announces Timing of Fourth Quarter and Fiscal Year 2023 Results Conference Call
Rhea-AI Summary
SPAR Group, Inc. (NASDAQ: SGRP) will release its fiscal Q4 and full year 2023 results on April 1, 2024, followed by a conference call with the CEO and CFO. Investors can join the call via phone or webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.45%
Tags
earnings
-
News
SPAR Group Sells Interest in China Joint Venture
Rhea-AI Summary
SPAR Group, Inc. announces the sale of its ownership interest in SPAR China, focusing on simplifying operations and structure. The company highlights strong growth in its core U.S. and Canada businesses, signaling a positive outlook for investors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.97%
Tags
none
-
News
SPAR Group Sells Interest in Australia and NMS Joint Ventures
Rhea-AI Summary
SPAR Group, Inc. (NASDAQ: SGRP) reports the sale of its ownership interest in SPARFacts, Australia and the National Merchandising Services U.S. joint venture. The move allows SPAR Group to concentrate on its most profitable businesses, improving financial performance and enabling targeted growth opportunities. President and CEO, Mike Matacunas, emphasizes the company's double-digit growth in North America and the focus on delivering positive results for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.98%
Tags
none
News
SPAR Group, Inc. Reports Third Quarter Fiscal 2023 Results
Rhea-AI Summary
SPAR Group, Inc. (NASDAQ: SGRP) reported strong financial results for Q3 2023, with growth in core merchandising business and expanded gross margins. Net revenues were $67.3 million, with Americas contributing 79.9%. Gross profit was $13.4 million, with a 150-basis point improvement. Operating income was $1.5 million, and net income attributable to SPAR Group, Inc. was $259 thousand. The company's total worldwide liquidity was $12.4 million as of September 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.06%
Tags
earnings
-
News
SPAR Group, Inc. Announces Timing of Third Quarter Fiscal 2023 Results Conference Call
Rhea-AI Summary
SPAR Group, Inc. (NASDAQ: SGRP) to release fiscal Q3 2023 results on November 14, 2023. Conference call with CEO and CFO to follow. Replay available by phone and webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.45%
Tags
earnings
-
News
SPAR Group, Inc. Reports Second Quarter Fiscal 2023 Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.24%
Tags
earnings
News
SPAR Group, Inc. Announces Timing of Second Quarter Fiscal 2023 Results Conference Call
Rhea-AI Summary
SPAR Group, Inc. (NASDAQ: SGRP) to release fiscal second quarter 2023 results on August 14, 2023. Conference call hosted by CEO and CFO to include Q&A session. Replay available by phone and webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.84%
Tags
earnings
Stock SGRP logo
Spar Group, Inc.

Nasdaq:SGRP

SGRP Rankings

#4844 Ranked by Market Cap
#4406 Ranked by Stock Gains
N/A Ranked by Dividends

SGRP Stock Data

43.35M
9.67M
59.41%
9.19%
0.04%
All Other Business Support Services
Administrative and Support and Waste Management and Remediation Services
Link
US
White Plains

About SGRP

spar is a supplier of merchandising and marketing services throughout the us and internationally us services division the company's us services division provides nationwide merchandising and other marketing services primarily on behalf of consumer product manufacturers and retailers at mass merchandisers, electronics store chains, drug store chains and grocery stores. merchandising services primarily consist of scheduled dedicated routed services and special projects provided at the store level for a specific retailer or single or multiple manufacturers. these services may include activities such as ensuring that client products authorized for distribution are in stock and on the shelf, adding new products that are approved for distribution but not presently on the shelf, setting category shelves in accordance with approved store schematics, ensuring that shelf tags are in place, checking for the overall salability of products and setting new and promotional items and placing and/o