Superior Group O Stock Price, News & Analysis

SEMINOLE, Fla., March 21, 2023 – Superior Group of Companies (NASDAQ: SGC) announced that Michael Benstock, CEO, and Michael Koempel, CFO, will participate in the Sidoti March Virtual Investor Conference on March 23, 2023, at 2:30 p.m. Eastern Time. This event includes a fireside chat that will be available via webcast on the company's investor relations page. Additionally, management will conduct virtual one-on-one and small group meetings throughout the day. Superior Group of Companies, founded in 1920, focuses on brand engagement experiences and emphasizes a customer-first philosophy.

Superior Group of Companies, Inc. (NASDAQ: SGC) reported a 5% increase in fourth-quarter sales, reaching $148.6 million compared to $142 million in 2021. However, net income dropped to $2.2 million, or $0.14 per share, down from $4.4 million, or $0.27 per share, year-over-year. Adjusted net loss was ($0.9) million, compared to a gain of $5 million in the previous year. The company also announced a 2023 guidance of $585-$595 million in sales and EPS of $0.92-$0.97, indicating optimism for a stronger second half of the year. Significant challenges included a $6 million inventory write-down in the Healthcare Apparel segment.

Superior Group of Companies (NASDAQ: SGC) will announce its fourth-quarter and full-year 2022 results on March 15, 2023, post-market close. CEO Michael Benstock and CFO Mike Koempel will lead a teleconference at 5:00 PM ET to discuss these results. Investors can access the live webcast and archived replay via the company's investor relations website. A telephone replay will be available until March 29, 2023, using the conference number 6322218. Established in 1920, SGC focuses on enhancing brand engagement for customers through innovative solutions.

Superior Group of Companies, Inc. (SGC) announced the passing of Sidney Kirschner, its Chairman of the Board, on February 21, 2023, at the age of 88. Kirschner joined the board in 1996 and led as chairman for 11 years, during which SGC grew its annual revenues from $135 million to over $536 million. His extensive career included leadership roles in various organizations, highlighting his influence on SGC's strategic decisions and philanthropic efforts. The company plans to announce governance changes related to the upcoming 2023 proxy statement.

Superior Group of Companies (SGC) announced the retirement of Chief Operating Officer Andrew D. Demott, Jr., effective March 31, 2023. Demott has been with SGC since 1998, transitioning his CFO responsibilities to current CFO Mike Koempel. CEO Michael Benstock praised Demott for his 25-year contribution to the company's growth, leading to over half a billion dollars in annual revenue. Demott will continue to serve on the Board of Directors, indicating a seamless leadership transition. Chairperson Sidney Kirschner and Koempel also recognized Demott's significant impact on the company’s financial stewardship.