Spar Group reports Q2 adjusted EPS 1c vs (10c) last year

Reports Q2 revenue $38.629M vs $43.402M last year. Mike Matacunas, the Company’s President and Chief Executive Officer, commented, “Although the year-over-year comparisons of the consolidated financials remain complicated by the divestitures in the prior year, our second quarter revenues of $38.6 million for the continuing U.S. and Canada businesses were strong. U.S. and Canada revenues were up 5% compared to the prior year quarter and increased sequentially by 13.5% compared to the first quarter’s revenues. Notably, the U.S. and Canada gross profit dollars of $9.1 million and margins of 23.5% increased for the second quarter from the first quarter and the year-ago quarter. We continue to build on the largest pipeline of opportunity in SPAR’s history for the U.S. and Canada business, with more than $200 million of future business to win. I am excited about the future of SPAR Group (SGRP).”