Superior Group of Companies, Inc. reports developments across Healthcare Apparel, Branded Products and Contact Centers. The company designs and distributes uniforms, healthcare apparel, customized merchandising solutions, promotional products and branded uniform programs, while its contact-center operations provide outsourced business process and call-center support services.
Recurring SGC news includes quarterly operating results, full-year outlook updates, dividend declarations, investor conference participation and capital-return actions. Company updates also reference portfolio efficiency, demand across its end markets, omnichannel commerce and shareholder programs tied to its apparel and branded-products businesses.
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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.