SPAR Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 04:02 pm
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SPAR Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 67.42 million compared to USD 58.87 million a year ago. Net income was USD 1.18 million compared to USD 1.14 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.05 a year ago.
For the nine months, sales was USD 195.7 million compared to USD 171.16 million a year ago. Net income was USD 2.61 million compared to USD 1.34 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.06 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.06 a year ago.
SPAR Group, Inc. is a global merchandising and brand marketing services company. The Company is engaged in offering merchandising, marketing and distribution solutions to retailers and brands. It provides the resources and analytics that improve brand experiences and transform retail spaces. Its segments include Americas; Asia Pacific (APAC), and Europe, Middle East, and Africa (EMEA). The Company provides six principal types of services: merchandising and marketing, category management and setup, remodel and retail transformation, assembly and installation, business analytics and insights, and fulfilment and distribution. It represents various manufacturers and/or retail clients in a range of retail segments and stores worldwide. Its clients in the retail segments include convenience, cash and carry, home improvement, consumer electronics, automotive, and others. Its clients in the manufacturer segments include personal technology, consumer electronics, consumables, and others.