Spar Group reports Q3 adjusted EPS (10c) vs 5c last year

Reports Q3 revenue $41.416M vs $37.788M last year. William Linnane, President and Chief Executive Officer of SPAR Group (SGRP), commented, “Although we are very pleased to report topline momentum this quarter, with combined U.S. and Canada net revenues up 28.2% over third quarter last year, we recognize that there is more work ahead to build a structurally leaner and more profitable business. The quarter had a benefit to its growth rate due to the timing of one-off project work. However, overall we do expect the growth of U.S. and Canada net revenue to be higher in second half than in first half of 2025. As we plan for 2026, our strategic imperatives center on driving continued revenue growth-particularly within higher margin merchandising services for retailers and consumer packaged goods clients-reducing senior team leadership costs and management layers, eliminating non-revenue-generating costs, and heightening our focus on cash generation and working capital discipline.”