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.
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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Superior Group of Companies (NASDAQ: SGC) has announced the appointment of Michael Koempel as the new Chief Financial Officer, effective May 31, 2022. Koempel brings over 30 years of financial experience from companies like IT'SUGAR and Victoria's Secret. He will succeed Andrew D. Demott, Jr., who will remain as Chief Operating Officer and Director until his retirement in 2023. SGC's CEO, Michael Benstock, expressed confidence in Koempel's ability to drive growth and leverage his expertise to advance the company's strategic initiatives.
The Board of Directors of Superior Group of Companies (NASDAQ: SGC) declared a quarterly dividend of $0.14 per share, payable on June 7, 2022, to shareholders of record as of May 24, 2022.
Superior Group of Companies, established in 1920, specializes in customized branding and promotional products, offering services across various sectors including healthcare and employee uniforms.
Peter Benstock Retires, Welcomes Catherine Beldotti Donlan as New President
Superior Group of Companies (NASDAQ: SGC) announces the retirement of Peter Benstock, effective 2023, and the hiring of Catherine Beldotti Donlan as President of the Superior Uniform Group - Healthcare division. With nearly 25 years in the apparel and footwear industry, Beldotti Donlan brings experience from leadership roles at major brands like Converse and Puma. She aims to drive growth and innovation within the healthcare division, succeeding Peter Benstock, who led the division through challenging times, including the pandemic.