Superior Group O Stock Price, News & Analysis

Phil Koosed, Chief Strategy Officer of Superior Group of Companies (SGC), was named the most influential leader in the promotional products industry by ASI’s Power 50 List. His leadership at BAMKO, known for its technology and sourcing capabilities, has driven significant growth, especially during the pandemic. Joining SGC's C-Suite, Koosed aims to enhance innovation and growth across all divisions. CEO Michael Benstock praised Koosed's achievements and vision, citing his impactful role in transforming BAMKO into a highly regarded company in the industry.

The Office Gurus, a division of Superior Group of Companies (NASDAQ: SGC), has been recognized as the #1 Best Place to Work in the call center industry in El Salvador for the second consecutive year and #3 across all sectors. This recognition comes from Employers for Youth, which surveyed 100,000 young professionals across 700 companies in 13 countries, focusing on criteria such as innovation and work environment. President Dominic Leide emphasized the importance of creating a positive workplace to attract and retain talent.

Superior Group of Companies (SGC) will participate in the virtual Midwest IDEAS Investor Conference on August 25, 2021. Key executives, including CEO Michael Benstock and CFO Andy Demott, will engage in one-on-one and small group meetings. A live webcast of their presentation will be available starting at 7:30 am CST on the same day, accessible through the company's investor relations website and the IDEAS conference site. SGC specializes in innovative uniform solutions and promotional products, serving millions across various sectors.

The Board of Directors of Superior Group of Companies (NASDAQ: SGC) has declared a quarterly dividend of $0.12 per share, payable on September 1, 2021, to shareholders on record as of August 18, 2021. This announcement signifies the company’s commitment to returning value to shareholders and reflects confidence in its financial stability and performance. The company continues to support brand engagement across various sectors, providing tailored solutions through its diversified business segments.

Superior Group of Companies (NASDAQ: SGC) reported its second quarter financial results for 2021, showing a 17.9% decline in net sales to $130.8 million compared to the same period in 2020. Net income fell to $4.6 million or $0.28 per diluted share, down from $15.2 million or $1.00 per diluted share. The company incurred a pre-tax settlement charge of $6.9 million due to the termination of its pension plans. Despite challenges, significant growth was noted in the promotional products and remote staffing sectors, with expectations for 2021 net sales approaching $525 million.

Superior Group of Companies, Inc. (SGC) will release its second quarter 2021 results on July 28, 2021, before the market opens. A teleconference with executives, including CEO Michael Benstock, will be held at 2:00 p.m. ET to discuss the results. Interested individuals can join the call using specified numbers for U.S., international, and Canadian dialers. A replay will be available after the call. SGC focuses on enhancing brand engagement through its core uniform and promotional product divisions.

Superior Group of Companies (NASDAQ: SGC) has announced key promotions within its executive team: Philip Koosed is promoted to Chief Strategy Officer, and Jake Himelstein becomes President of BAMKO. Koosed will provide strategic guidance across SGC, focusing on growth opportunities, while Himelstein will enhance BAMKO's operations. CEO Michael Benstock highlighted their achievements and the company's commitment to growth. Koosed expressed excitement about leading SGC into its next century, emphasizing transformation and teamwork.

On June 7, 2021, Superior Group of Companies (NASDAQ: SGC) announced participation in the virtual East Coast IDEAS Investor Conference on June 16. The CEO, Michael Benstock, and COO, Andy Demott, along with senior executives will hold one-on-one and small group meetings throughout the event. A webcast of their presentation will be available starting at 7:00 am CST on the same day through the company’s investor relations page. The IDEAS Conferences aim to connect quality companies with investment professionals, emphasizing an investor-centric approach.