Superior Group O Stock Price, News & Analysis

BAMKO, a promotional product and branded merchandise division of Superior Group of Companies (SGC), has acquired substantially all assets of Gifts By Design, an industry leader in corporate awards and recognition programs. The deal, effective February 1, 2021, includes approximately $18.2 million in revenue from Gifts By Design in 2020, which is expected to positively impact SGC's fiscal 2021 results. This acquisition enhances BAMKO's capabilities and allows for the expansion of their client services in a growing market segment.

The Board of Directors of Superior Group of Companies (NASDAQ: SGC) has declared a quarterly dividend of $0.10 per share, payable on November 30, 2020, to shareholders recorded as of November 16, 2020. CEO Michael Benstock expressed confidence in the company's long-term growth, highlighting strong operating results and reduced debt leverage. The continued dividend underscores SGC's commitment to shareholder returns and the sustainability of its recurring dividend as a key aspect of its value proposition.

Superior Group of Companies, Inc. (NASDAQ: SGC) reported a strong third quarter for 2020, with net sales increasing 43% to $127.8 million compared to $89.5 million in Q3 2019. Earnings per share rose 142% to $0.63, while pretax income improved to $12.1 million from $4.6 million in the prior year. The company reduced its debt by $8.2 million, totaling over $42.5 million in net debt repayments for 2020. CEO Michael Benstock expressed confidence in ongoing sales growth and emphasized the company's commitment to enhancing shareholder value amidst uncertainty.

Superior Group of Companies, Inc. (NASDAQ: SGC) will release its third quarter 2020 operational results on October 29, 2020, before market opening. CEO Michael Benstock and CFO Andrew D. Demott, Jr. will discuss these results in a teleconference at 2:00 p.m. Eastern Time. Interested participants can join the call or access a live webcast through the investor section of the company’s website. A replay will be available after the call through November 5, 2020. SGC aims to empower brands through customized solutions in uniforms and promotional products.

Superior Group of Companies (NASDAQ: SGC) announced that CEO Michael Benstock and COO/CFO Andy Demott will present at the Midwest IDEAS Investor Conference on August 26, 2020. They will also conduct virtual one-on-one meetings throughout the day. Investors can access a webcast of the presentation through the company's investor relations website.

Founded in 1920, Superior Group of Companies offers branding solutions through various divisions, serving over 6 million Americans with uniforms daily. Their focus includes innovative uniform design and global manufacturing.

In June, Dunkin’, BAMKO, and JKR launched a limited edition series of face masks, raising over $61,000 for the Dunkin’ Joy in Childhood Foundation, aiding health and hunger relief for children. Retailing at $10 each, $3 from each sale is donated to the foundation. The masks, designed for self-expression, have garnered excitement among customers, with limited availability on Shopdunkin.com until August 31, 2020. This initiative emphasizes responsible mask-wearing while supporting a worthy cause, reflecting Dunkin's commitment to community engagement.

Superior Group of Companies (SGC) will announce its Q2 2020 financial results on July 29, 2020, prior to market opening. CEO Michael Benstock and CFO Andrew D. Demott, Jr. will host a teleconference at 10:00 a.m. ET to discuss the results and answer questions. Interested parties can join via U.S. or international dial-in numbers, with an archived replay available starting one hour after the call until August 12, 2020. The company's website will also host a live webcast and replay.