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 of Companies, Inc. (NASDAQ: SGC) is a Florida-incorporated issuer in the manufacturing sector with operations across Healthcare Apparel, Branded Products and Contact Centers. This news page aggregates press releases and external coverage related to SGC’s business segments, financial performance and corporate activities.
Company news often includes quarterly earnings announcements, where Superior Group of Companies reports net sales, net income and non-GAAP measures such as EBITDA, along with information on dividends and share repurchase activity. These releases typically discuss performance by segment, including the Branded Products segment, which the company identifies as generating the maximum revenue among its operating segments.
Investors can also find updates on Superior Group of Companies’ participation in investor conferences and equity conferences, where members of management present or join fireside chats. The company regularly issues press releases announcing the timing of these events and provides access details for live webcasts and replays through its investor relations presentations page.
Additional news items may cover capital allocation decisions such as quarterly cash dividends, the use of Rule 10b5-1 trading plans for share repurchases and updates to full-year revenue outlook ranges, as disclosed in earnings releases. This page serves as a central location to review SGC-related headlines and company communications so readers can follow developments across Healthcare Apparel, Branded Products and Contact Centers, as well as broader corporate and capital markets activity.
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.
The Board of Directors of Superior Group of Companies (NASDAQ: SGC) has declared a quarterly dividend of $0.14 per share, payable on February 28, 2023. This dividend will benefit shareholders who are on record by February 14, 2023. Established in 1920, Superior Group focuses on delivering exceptional brand engagement experiences, emphasizing technology, service, and financial strength to support diverse customer needs.
Superior Group of Companies (NASDAQ: SGC) announced that CEO Michael Benstock and CFO Michael Koempel will attend the ICR Conference in Orlando, Florida on January 10, 2023. Their presentation is scheduled for 9:00 a.m. Eastern Time.
A live webcast of the presentation will be available on the Company's investor relations website, and a replay will also be provided later. With a legacy dating back to 1920, Superior Group focuses on enhancing brand engagement for its clients by providing personalized services and robust support.
SEMINOLE, Fla., Dec. 02, 2022 - Superior Group of Companies (NASDAQ: SGC) announced CEO Michael Benstock, COO Andrew Demott, and CFO Michael Koempel will participate in the Sidoti December Virtual Investor Conference on December 8, 2022. They will engage in a fireside chat at 11:30 a.m. Eastern Time. The webcast can be accessed on the company's investor relations page. Additionally, they will host virtual one-on-one and small group meetings throughout the day.
Superior Group of Companies, founded in 1920, focuses on enhancing brand engagement for clients.
SEMINOLE, Fla., Nov. 08, 2022 – Superior Group of Companies (NASDAQ: SGC) announced participation in the SHARE Series event on November 14, 2022, at 1:30 PM ET. Chief Strategy Officer Phil Koosed and Chief Financial Officer Michael Koempel will engage with retail investors in a fireside chat format. This virtual event will allow investors to ask management questions. The presentation will be webcast live, available at the company’s investor relations site. An archived replay will be accessible for 90 days following the event.
Superior Group of Companies reported a 12.5% increase in net sales, totaling $138.7 million in Q3 2022, driven by strong growth in its Branded Products (21%) and Contact Center (30%) segments.
However, the company faced a net loss of ($12.7 million), including a non-cash goodwill impairment charge of $17.1 million, contrasting with a net income of $8.2 million in Q3 2021. Adjusted EBITDA fell to $9.7 million from $12.6 million. The Board declared a $0.14 quarterly dividend, and full-year sales projections were revised to $570-$580 million due to ongoing economic uncertainties.
Superior Group of Companies (NASDAQ: SGC) will announce its third-quarter 2022 financial results on November 7, 2022, post-market close. CEO Michael Benstock and CFO Mike Koempel will discuss the results during a teleconference at 5:00 PM ET. Interested parties can access the live webcast and replay through the Company's investor information section. Telephone replay is available through November 12, 2022, using conference number 6952745.
Established in 1920, SGC focuses on creating brand engagement experiences through its diverse business segments.