What sectors boosted SGRP's Q2 2024 results?

Spar Group's (SGRP) Q2 2024 results were boosted by several sectors, most notably the EMEA (Europe, Middle East, and Africa) region and the remodeling business within the core market. Here's a detailed analysis: 1. **EMEA Revenues**: The EMEA region contributed positively to SGRP's Q2 results. Although specific figures are not provided, the fact that EMEA revenues declined by 14.7% from the prior year quarter suggests that the decrease was mitigated by other factors. 2. **Remodeling Business**: The remodeling business experienced a shift that had a significant impact on SGRP's gross margin. This shift led to a decrease in gross margin from 22.0% in the prior year's quarter to 18.3% in Q2 2024. Despite the lower margin, the fact that the remodeling business contributed to the revenue indicates that it remained a substantial part of the business. 3. **Overall Revenue Growth**: The total revenue for Q2 2024 was $57.29 million, which is a testament to the overall sales strength of the company. The fact that revenue increased from the prior year suggests that SGRP's other sectors, including the Americas and Asia-Pacific, performed well. In conclusion, SGRP's Q2 2024 results were boosted by the EMEA region and the remodeling business, despite a decline in gross margin due to the shift in business mix. The overall revenue growth indicates that these sectors, along with potential contributions from other business areas, collectively supported the company's financial performance in the period.