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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.
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.
SEMINOLE, Fla., Sept. 14, 2022 – Superior Group of Companies (NASDAQ: SGC) announced participation in the Sidoti & Company September Virtual Investor Conference. CEO Michael Benstock and CFO Michael Koempel will engage in a fireside chat on September 21, 2022, at 8:30 a.m. ET. The event will be accessible via the company's investor relations presentations page. Additionally, management will conduct virtual one-on-one and small group meetings throughout the day to enhance investor engagement.
SEMINOLE, Fla., Sept. 12, 2022 – Superior Group of Companies (NASDAQ: SGC) announced participation in the Singular Autumn Equinox Virtual Webinar on September 15, 2022. CEO Michael Benstock and CFO Michael Koempel will present at 10:00 a.m. Eastern Time for approximately 30 minutes, followed by a 15-minute Q&A. The webinar will be accessible on SGC's investor relations page. Founded in 1920, SGC specializes in enhancing brand engagement experiences through service, quality, and technology.
Superior Group of Companies (SGC) has secured $200 million in senior secured financing commitments, enhancing its financial flexibility. The financing includes a $125 million revolving credit facility and a $75 million term loan, with the potential for an additional $75 million. Interest rates will be tied to the secured overnight financing rate plus an adjustment. Proceeds will partially refinance existing debt. CFO Mike Koempel emphasized the importance of this financing for future growth.
The Board of Directors of Superior Group of Companies (NASDAQ: SGC) has declared a quarterly dividend of $0.14 per share, payable on September 2, 2022, to shareholders recorded as of August 19, 2022. This dividend reflects the company's commitment to delivering value to its shareholders while continuing to support its diverse customer needs.
Superior Group of Companies reported Q2 2022 net sales of $147.9 million, a 13.1% increase from Q2 2021's $130.8 million. However, the company experienced a net loss of $26.7 million, compared to a net profit of $6.4 million in the prior year, influenced by $28 million in one-time non-cash charges. Branded products sales rose by 29%, and contact center sales surged 37%. The company is implementing cost-saving measures of at least $8 million annually while focusing on growth in three business segments: Healthcare Apparel, Branded Products, and Contact Centers.
On August 1, 2022, Superior Group of Companies (SGC) announced its plan to release second-quarter 2022 operational results after the market closes on August 8, 2022. CEO Michael Benstock and CFO Mike Koempel will discuss the results during a teleconference at 5:00 PM ET on that date. Participants can join via specific dialing numbers provided for U.S. and international callers. A replay of the call will be available until August 22, 2022. SGC offers various brands and services, focusing on uniforms and promotional products, emphasizing customer engagement and service quality.
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