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) announced its participation in the Singular Autumn Equinox Virtual Webinar on September 11, 2024. Mike Koempel, the company's Chief Financial Officer, will present at 12:00 pm Eastern Time. This virtual event provides an opportunity for investors to gain insights into SGC's financial performance and strategies.
The webinar will be accessible through the investor relations section of Superior Group of Companies' website, specifically on the Events & Presentations page. Interested parties can view the presentation at https://ir.superiorgroupofcompanies.com/presentations. This event allows SGC to engage with investors and showcase its business developments in a digital format.
Superior Group of Companies (NASDAQ: SGC) has announced a new stock repurchase plan approved by its Board of Directors. The plan authorizes the company to repurchase up to $10 million of its common stock over a one-year period. This replaces the previous plan from May 2, 2019, which had allowed for the repurchase of up to 750,000 shares, of which 92,549 were purchased.
The new plan enables SGC to purchase stock through various methods, including open market purchases, privately negotiated transactions, and block purchases. The timing and number of shares repurchased will depend on factors such as stock price, availability, and market conditions. Repurchased shares may be reissued for employee benefit plans and other corporate purposes.
Superior Group of Companies (NASDAQ: SGC) reported Q2 2024 results with net sales of $131.7 million, up 2.0% from $129.2 million in Q2 2023. Net income decreased to $0.6 million ($0.04 per diluted share) from $1.2 million ($0.08 per diluted share) in the prior year quarter. EBITDA was $5.6 million compared to $7.4 million in Q2 2023.
The company maintained its full-year 2024 outlook with sales projected between $563-$570 million and earnings per diluted share forecast of $0.73-$0.79. The Board of Directors approved a quarterly dividend of $0.14 per share, payable August 30, 2024.
Superior Group of Companies (NASDAQ: SGC) has announced it will release its second quarter 2024 results after market close on Tuesday, August 6, 2024. CEO Michael Benstock and CFO Mike Koempel will host a teleconference at 5:00 pm Eastern Time to discuss the company's performance. Investors can access the live webcast and archived replay in the investor relations section of the company's website.
For those wishing to join by phone, U.S. dialers can call 1-844-861-5505, international dialers 1-412-317-6586, and Canadian dialers 1-866-605-3852. A telephone replay will be available through August 20, 2024, accessible via specific numbers for different regions, using the conference number 9654569.
Superior Group of Companies (NASDAQ: SGC) announced that CEO Michael Benstock and CFO Mike Koempel will participate in a fireside chat at the Sidoti June Virtual Investor Conference. The event is scheduled for June 12, 2024, at 1:00 PM Eastern Time. A live webcast and replay will be accessible on the company's Investor Relations website. Additionally, the management team will host virtual meetings throughout the day.
Superior Group of Companies, Inc. (NASDAQ: SGC) reported strong first quarter 2024 results, with total net sales of $138.8 million, net income of $3.9 million, and EBITDA of $9.6 million. The company also raised its full-year outlook and approved a $0.14 per share quarterly dividend. The CEO highlighted revenue and EBITDA growth, positive cash flow, and improved financial flexibility. The company is confident in its future outlook and is focused on enhancing shareholder value through investments in talent, processes, and systems.
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