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Spark Power Group Inc. - SKPGF STOCK NEWS

Welcome to our dedicated page for Spark Power Group news (Ticker: SKPGF), a resource for investors and traders seeking the latest updates and insights on Spark Power Group stock.

Spark Power Group Inc. (SKPGF) is a leading North American provider of electrical services and operations, serving industrial, utility, and renewable energy markets. This page serves as the definitive source for corporate news, offering stakeholders timely updates on strategic developments and operational milestones.

Investors and industry professionals will find comprehensive coverage of earnings reports, acquisition announcements, and operational updates. Key focus areas include the company's Let's Grow Better strategy, gross margin improvements, and expansion in renewable energy services.

Our curated news collection features verified updates on financial performance, partnership developments, and safety initiatives. Regular updates ensure access to critical information about SKPGF's market positioning and growth trajectory in the power services sector.

Bookmark this page for direct access to official press releases and objective reporting. Check back regularly for insights into Spark Power's operational efficiency measures and leadership in sustainable energy solutions.

News

Spark Power Announces Leading Sponsorship of Multi-Time Champion Austin Riley of Racing with Autism

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Spark Power renews sponsorship of Racing with Autism and Austin Riley for the 6th year, emphasizing commitment to community, diversity, and inclusivity.
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Spark Power Experiences Slower Growth in the Third Quarter

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Spark Power Group Inc. (TSX:SPG) reported a third-quarter gross profit margin of 25.7%, in line with the prior quarter. The company's core business adjusted EBITDA was $5.6 million, with continued progress on net working capital reductions. Spark Power also obtained a waiver of financial covenant breaches. The company has announced its financial results for the three- and nine-month periods ended September 30, 2023. The third-quarter revenue from continuing operations was $63.1 million, representing an 11.0% year-over-year decrease. Gross profit margins were 25.7% in Q3 2023, down from 27.7% in Q3 2022. Adjusted EBITDA was $5.6 million, compared to $9.5 million in Q3 2022. The company has entered into an arrangement agreement to be acquired and taken private by an affiliate of American Pacific Group, LP, which is expected to close on or around December 5, 2023, subject to shareholder approval, final court approval, and other customary closing conditions.
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Spark Power Announces Mailing of Meeting Materials and Receipt of Interim Order in Respect of Going Private Transaction

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Spark Power Group Inc. (TSX:SPG) announces the mailing of its notice of meeting, management information circular, form of proxy and letter of transmittal to shareholders in connection with the Special Meeting to consider and approve the proposed plan of arrangement involving Generator-Spark Canada Buyer Inc. and the acquisition of all issued and outstanding common shares of Spark Power for a price of $0.825 per Share. The Arrangement Resolution requires the approval of at least two-thirds of the votes cast by Shareholders at the Special Meeting. The company also received an interim order from the Ontario Superior Court of Justice and conditional approval of the Toronto Stock Exchange for the Arrangement.
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Spark Power Shares 2023 Third Quarter Conference Call Details

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Spark Power Group Inc. (TSX:SPG) to host a conference call on November 15, 2023, to discuss the Company's 2023 third quarter results. The call will be at 8:30 a.m. Eastern Standard Time. Investors and analysts can access the webcast at https://www.webcaster4.com/Webcast/Page/2400/49405.
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Spark Power is a Proud Sponsor at Dreamer Day Hosted by Build a Dream

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Spark Power announces its participation and sponsorship at Dreamer Day, an event hosted by Build a Dream. The event celebrates underrepresented groups in STEM, leadership, and skilled trades.
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Spark Power Announces Its Participation at Electricity Transformation Canada (ETC) 2023

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Spark Power to participate in Electricity Transformation Canada 2023, showcasing their role in the renewable energy sector
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Spark Power Announces Going Private Transaction with Affiliate of American Pacific Group

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Spark Power Group announces agreement for all-cash acquisition by Generator-Spark Canada Buyer Inc.
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Spark Power Builds Momentum With Solid Second Quarter Performance

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Spark Power Group Inc. reports its financial results for Q2 2023. Gross profit margins improve to 25.6%. Core Business Adjusted EBITDA is $5.6 million. Net working capital reduces by $2.3 million. Revenue from continuing operations is $66.2 million, a decrease of 6.3% YoY. Gross profit margins are 25.6%, down from 26.0% in Q2 2022. Selling, General and Administration expenses decrease by 5.0% YoY. Adjusted EBITDA is $5.6 million, compared to $6.5 million in Q2 2022. Cash flow from continuing operations is $5.0 million.
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Spark Power Shares 2023 Second Quarter Conference Call Details

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Spark Power Group Inc. to host conference call to discuss 2023 second quarter results
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Spark Announces Results of Voting at Annual General Meeting of Shareholders

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Spark Power Group Inc.

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SKPGF Stock Data

56.29M
51.57M
30.59%
1.38%
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