reports
SPAR Group Affirms Intent to Close Highwire Merger
SPAR Group Affirms Intent to Close Highwire Merger Stockholders Approved Merger on October 25, 2024$2.50 Per Share Merger Consideration Unanimously Approved by SPAR Group Board of Directors AUBURN HILLS, Mich., Dec. 11, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: SGRP) (“SGRP”, “SPAR Group” or the “Corporation”), a provider of merchandising, marketing and distribution services, in response to media and investor inquiries, affirms intent to close the proposed acquisition (the “Proposed Acquisition”) by Highwire Capital. As previously announced, SPAR Group entered into the Agreement and Plan of Me...
SPAR Group Calls Special Meeting to Approve Merger
SPAR Group Calls Special Meeting to Approve Merger Stockholders Vote Prior to Special Meeting at 12:00 p.m. Eastern Time on October 25, 2024$2.50 Per Share Merger Consideration Represents a 72% Premium to SPAR Group’s Closing Share Price on August 30Unanimously Approved by SPAR Group Board of Directors AUBURN HILLS, Mich., Oct. 16, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a provider of merchandising, marketing and distribution services, encourages all stockholders to vote to allow for the completion of the proposed acquisition (the “Pr...
SPAR Group Enters into Definitive Agreement to be Acquired by Highwire...
SPAR Group Enters into Definitive Agreement to be Acquired by Highwire Capital for $2.50 Per Share Letter of Intent Previously Announced on June 5, 2024$2.50 Per Share Merger Consideration Represents a 72% Premium to SPAR Group’s Closing Share Price on August 30 AUBURN HILLS, Mich., Sept. 03, 2024 (GLOBE NEWSWIRE) -- , Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a provider of merchandising, marketing and distribution services, announced today it has entered into a definitive agreement to be acquired by Highwire Capital ("Highwire"), an investment firm focused on tran...
SPAR Group, Inc. Reports Second Quarter 2024 Results
SPAR Group, Inc. Reports Second Quarter 2024 Results Strategic Transformation to Simplify Business Delivering Strong Results AUBURN HILLS, Mich., Aug. 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 Chief Executive Officer, commented, “Our second quarter results reflect a focus on simplification and driving growth in the ...
SPAR Group, Inc. Announces Timing of Second Quarter Results Conference...
SPAR Group, Inc. Announces Timing of Second Quarter Results Conference Call AUBURN HILLS, Mich., Aug. 12, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading provider of merchandising and marketing services, today announces that it will release its 2024 fiscal second quarter results on Wednesday, August 14, 2024, before the market opens. In conjunction with the release, a conference call will be hosted by Mike Matacunas, Chief Executive Officer; and Antonio Calisto Pato, Chief Financial Officer. Management does not plan to take ques...
Spar Group Inc: 1 director
Two Directors at Spar Group Inc sold 200,000 shares at between 2.116USD and 2.193USD. The significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the la...
SPAR Group, Inc. Reports First Quarter 2024 Results
SPAR Group, Inc. Reports First Quarter 2024 Results Consolidated Revenues of $68.7 million, up 7% from Last YearU.S. and Canada Revenues up 22% from Last YearConsolidated Operating Income of $9.6 million compared to $3.2 million Last YearDiluted EPS of $0.28 compared to $0.04 Last Year AUBURN HILLS, Mich., May 15, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR,” “SPAR Group” or the “Company”), today announced first-quarter 2024 consolidated revenues of $68.7 million, a 6.7% increase from the first quarter of 2023. Consolidated operating income was $9.6 million,...
SPAR Group, Inc. Announces Timing of First Quarter Results Conference ...
SPAR Group, Inc. Announces Timing of First Quarter Results Conference Call AUBURN HILLS, Mich., May 09, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising and marketing services, today announces that it will release its 2024 fiscal first quarter results on Wednesday, May 15, 2024, before the market opens. In conjunction with the release, a conference call will be hosted by Mike Matacunas, Chief Executive Officer; and Antonio Calisto Pato, Chief Financial Officer, and will include a Q&A session follow...
SPAR Group Announces Closing of South Africa Joint Venture Sale
SPAR Group Announces Closing of South Africa Joint Venture Sale Completion of Sale to Minority Shareholder ~$10M Simplifies Operating Structure AUBURN HILLS, Mich., May 02, 2024 (GLOBE NEWSWIRE) -- , Inc. (NASDAQ: SGRP) (“SPAR,” “SPAR Group,” or the “Company”), a provider of merchandising, marketing, and distribution services, announces the closing of the sale of its majority share in South Africa’s Meridian Group to the minority shareholder Lindicom for approximately $10 million USD. “The closing of the South Africa sale is a critical step toward the completion of an initiative to cre...
SPAR Group Completes Acquisition of Minority Interest in Resource Plus
SPAR Group Completes Acquisition of Minority Interest in Resource Plus Acquisition Results in 100% Ownership of U.S. Business AUBURN HILLS, Mich., May 01, 2024 (GLOBE NEWSWIRE) -- , Inc. (NASDAQ: SGRP) (“SPAR,” “SPAR Group,” or the “Company”), a provider of merchandising, marketing, and distribution services, announces the acquisition of the remaining minority interest of Resource Plus, a U.S.-based joint venture. “SPAR established the joint venture with Resource Plus in 2017 to open new segments and expand the company’s capabilities. The JV agreement enabled SPAR to accelerate the g...
SPAR Group Announces Share Repurchase Authorization
SPAR Group Announces Share Repurchase Authorization Approved Repurchase up to 2,500,000 Shares AUBURN HILLS, Mich., April 03, 2024 (GLOBE NEWSWIRE) -- , Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a provider of merchandising, marketing and distribution services, announces the filing of a plan approved by the Board of Directors for a repurchase of up to 2,500,000 of SGRP’s shares of common stock. “Our new stock repurchase plan authorization provides a means to opportunistically buy back our stock and return value to shareholders. This is one of many initiatives we ar...
SPAR Group, Inc. Reports Fourth Quarter and Full Year Fiscal 2023 Resu...
SPAR Group, Inc. Reports Fourth Quarter and Full Year Fiscal 2023 Results Strategic Initiatives Deliver Improved Results and Significant Cash Flow AUBURN HILLS, Mich., April 01, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising, marketing, and distribution services today reported financial and operating results for the periods ended December 31, 2023. Mike Matacunas, the Company’s President and Chief Executive Officer, commented, “Fiscal 2023 was a pivotal year for the Company. We successfull...
SPAR Group, Inc. Announces Timing of Fourth Quarter and Fiscal Year 20...
SPAR Group, Inc. Announces Timing of Fourth Quarter and Fiscal Year 2023 Results Conference Call AUBURN HILLS, Mich., March 28, 2024 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising and marketing services, today announces that it will release its fiscal fourth quarter and full year 2023 results on Monday, April 1, 2024, before the market opens. In conjunction with the release, a conference call will be hosted by Mike Matacunas, Chief Executive Officer; and Antonio Calisto Pato, Chief Financial Officer,...
SPAR Group Sells Interest in China Joint Venture
SPAR Group Sells Interest in China Joint Venture Company continues to simplify operations and structure AUBURN HILLS, Mich., Feb. 27, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising, marketing and distribution services, reports the sale of its ownership interest in SPAR China, the joint venture based in Shanghai. Terms were not released. “As we continue to evaluate strategic alternatives for the business, we are simplifying our operating and financial structure. At the same time, we are focused on building our...
SPAR Group, Inc. Reports Third Quarter Fiscal 2023 Results
SPAR Group, Inc. Reports Third Quarter Fiscal 2023 Results Momentum Builds on Growth in Merchandising Services BusinessStrategic Initiative Continues with Expanded Gross Margins AUBURN HILLS, Mich., Nov. 14, 2023 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising, marketing, and distribution services today reported financial and operating results for the three and nine months ended September 30, 2023. Mike Matacunas, the Company’s President and Chief Executive Officer, commented, “Results were in line w...
SPAR Group, Inc. Announces Timing of Third Quarter Fiscal 2023 Results...
SPAR Group, Inc. Announces Timing of Third Quarter Fiscal 2023 Results Conference Call AUBURN HILLS, Mich., Nov. 07, 2023 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising and marketing services, today announces that it will release its fiscal third quarter 2023 results on Tuesday, November 14, 2023, before the market opens. In conjunction with the release, a conference call will be hosted by Mike Matacunas, Chief Executive Officer; and Antonio Calisto Pato, Chief Financial Officer, and will include a Q...
SPAR Group, Inc. Reports Second Quarter Fiscal 2023 Results
SPAR Group, Inc. Reports Second Quarter Fiscal 2023 Results Quarter Revenues Down 3%, up 1% on a Constant Currency, with Continued Expansion of Gross Margins and Improved Cash AUBURN HILLS, Mich., Aug. 14, 2023 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising, marketing, and distribution services today reported financial and operating results for the three and six months ended June 30, 2023. Mike Matacunas, the Company’s President and Chief Executive Officer, commented, “Although consolidated net rev...
SPAR Group, Inc. Announces Timing of Second Quarter Fiscal 2023 Result...
SPAR Group, Inc. Announces Timing of Second Quarter Fiscal 2023 Results Conference Call AUBURN HILLS, Mich., Aug. 10, 2023 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising and marketing services, today announces that it will release its fiscal second quarter 2023 results on Monday, August 14, 2023, before the market opens. In conjunction with the release, a conference call will be hosted by Mike Matacunas, Chief Executive Officer; and Antonio Calisto Pato, Chief Financial Officer, and will include a Q&A...
SPAR Group, Inc. Reports Strong First Quarter Fiscal 2023 Results
SPAR Group, Inc. Reports Strong First Quarter Fiscal 2023 Results Momentum Continues with Revenues of $64 million, Up 9.1%, or 12.4% Constant Currency, Gross Margin Expansion, & Operating Income Up 52% AUBURN HILLS, Mich., May 22, 2023 (GLOBE NEWSWIRE) -- SPAR Group, Inc. (NASDAQ: SGRP) (“SPAR”, “SPAR Group” or the “Company”), a leading global provider of merchandising, marketing, and distribution services today reported financial and operating results for the first quarter ended March 31, 2023. Mike Matacunas, the Company’s President and Chief Executive Officer, commented, “We are ver...
CORRECTION: SPAR Group, Inc. Reports Fourth Quarter and Fiscal 2022 Re...
CORRECTION: SPAR Group, Inc. Reports Fourth Quarter and Fiscal 2022 Results, Achieves Record Full Year Sales of $261 million, Up 2.2%, Up 3.5% Constant Currency Momentum Continues in Fourth Quarter with Revenues of $64.6 million, Up 7.7% and Up 11.8% Constant Currency AUBURN HILLS, Mich., April 25, 2023 (GLOBE NEWSWIRE) -- In a release issued under the same headline on Monday, April 17th by SPAR Group, Inc. (NASDAQ: SGRP), please note that in the Condensed Consolidated Statement of Operations for the three months ended December 31, 2022, did not properly compute Income (loss) before inc...
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