Welcome to our dedicated page for Superior Group O news (Ticker: SGC), a resource for investors and traders seeking the latest updates and insights on Superior Group O stock.
Superior Group O (SGC) delivers essential updates for stakeholders tracking this diversified apparel leader. This dedicated news hub provides official press releases and verified developments across SGC's three core operations: corporate uniform solutions, branded promotional products, and integrated staffing services.
Investors and industry professionals will find timely updates on financial performance, strategic partnerships, and product innovations. Our curated collection serves as your primary source for earnings announcements, leadership changes, and operational milestones impacting healthcare, hospitality, and industrial markets.
Key updates include quarterly financial disclosures, major contract awards in the uniform sector, advancements in custom merchandising solutions, and expansions of remote staffing capabilities. Bookmark this page for direct access to SGC's latest corporate communications, maintained with strict adherence to factual reporting and regulatory compliance standards.
Superior Group of Companies (NASDAQ: SGC) reported significant growth in its first quarter 2021 results. Net sales rose by 49.4% to $140.8 million compared to $94.2 million in the same quarter of 2020. Earnings per share increased 200% to $0.66, up from $0.22.
Pretax income reached $13.2 million, compared to $4.6 million a year prior. Notably, BAMKO experienced net sales growth of 124.9% and The Office Gurus reported a 43.2% increase. However, the company faces logistical challenges resulting in sizable backlogs.
SEMINOLE, Fla., April 20, 2021 – Superior Group of Companies (NASDAQ: SGC) will release its first quarter 2021 results before the market opens on April 28, 2021. The CEO, Michael Benstock, and CFO, Andrew D. Demott, Jr., will lead a teleconference at 2:00 PM ET to discuss these results. Interested participants can join via specific dial-in numbers or access a live webcast through the company’s investor section online. A replay will be available after the call until May 12, 2021, using a designated conference number.
Superior Group of Companies (SGC) will participate in the D.A. Davidson Annual Consumer Growth Conference on March 11, 2021. CEO Michael Benstock, COO Andy Demott, and CFO Jake Himelstein will present a fireside chat at 11:45 a.m. ET. The event will include virtual one-on-one meetings with management, providing investors a chance to engage directly. A webcast of the presentation will be available on the company’s investor relations website. SGC specializes in customized brand engagement solutions, boasting a diverse portfolio of uniform and promotional product brands.
Superior Group of Companies (NASDAQ: SGC) reported a significant financial performance for the fourth quarter and full year 2020. Net sales surged by 34% in Q4 and 40% annually, totaling $526.7 million. Earnings per share reached $0.79, up 295% from 2019. The company successfully pivoted to personal protective equipment (PPE), generating $131.2 million in sales, compared to $3.9 million in 2019. Debt was reduced by $31.6 million, strengthening financial flexibility for future growth.
Superior Group of Companies (SGC) will announce its fourth quarter and fiscal year 2020 results on March 1, 2021, before market opening. The teleconference, led by CEO Michael Benstock and CFO Andrew D. Demott, Jr., will take place at 2:00 p.m. ET the same day, allowing stakeholders to discuss the results and ask questions. Interested parties can join by phone or access the webcast through the company’s investor relations website. A replay will be available shortly after the call, lasting until March 15, 2021.
The Board of Directors of Superior Group of Companies (NASDAQ: SGC) declared a quarterly dividend of $0.10 per share, payable on February 26, 2021, to shareholders of record as of February 15, 2021. This consistent dividend payout reflects the company's commitment to returning value to its shareholders while maintaining financial stability.
SanMar Corporation has announced a partnership with WonderWink® to expand into the healthcare apparel market. The collaboration aims to provide high-quality scrubs designed for healthcare professionals, aligning with SanMar's distribution capabilities and WonderWink's innovative design. This initiative underscores SanMar's commitment to supporting frontline workers during the COVID-19 pandemic. The new line of scrubs will be available starting April 2021, featuring comfortable and functional designs tailored for medical workers.
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.
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