Welcome to our dedicated page for Superior Group of Companies news (Ticker: SGC), a resource for investors and traders seeking the latest updates and insights on Superior Group of Companies stock.
Superior Group of Companies, Inc. (NASDAQ: SGC) is a diversified enterprise specializing in the manufacture and sale of apparel and accessories across the United States and internationally. The company operates through three primary segments: Uniforms and Related Products, Remote Staffing Solutions, and Promotional Products.
In the Uniforms and Related Products segment, Superior Group produces and sells a wide array of uniforms and corporate identity apparel. This includes career apparel and accessories for personnel in hospitals, health facilities, hotels, food service facilities, retail stores, transportation, and various other sectors. The company also offers industrial laundry bags and promotional products for branded marketing programs.
The Remote Staffing Solutions segment provides outsourced and remote staffing services, contributing to the company's diversified business model. This segment supports various industries by offering customer service solutions and office support services.
The Promotional Products segment generates the highest revenue by producing and selling customized merchandising solutions, promotional products, and branded uniform programs. These products are designed to enhance brand engagement and create memorable experiences for customers and employees.
Founded in 1920, Superior Group of Companies has a long-standing commitment to quality, innovation, and customer service. The company leverages advanced technology and omnichannel commerce to maintain its competitive edge. Superior Group continues to pursue both organic growth and strategic acquisitions to enhance shareholder value.
Recently, the company announced it will release its fourth-quarter and full-year 2023 financial results on March 13, 2024. The announcement will be followed by a teleconference hosted by CEO Michael Benstock and CFO Mike Koempel. For more information, visit the company's website at www.superiorgroupofcompanies.com.
Superior Group of Companies offers a strong blend of traditional craftsmanship and modern innovation, ensuring it remains a key player in the apparel and remote staffing markets.
Superior Group of Companies (NASDAQ: SGC) reported its third quarter 2024 results, marking a significant performance improvement. Total net sales reached $149.7 million, a 10% increase from $136.1 million in Q3 2023. Net income rose to $5.4 million from $3.1 million, while EBITDA increased to $11.7 million from $9.3 million year-over-year. The Board of Directors approved a $0.14 per share quarterly dividend, reaffirming the company's full-year outlook. CEO Michael Benstock highlighted the company's strong sales, profit growth, and solid operating cash flow, driven by strategic investments in people, products, and technology. The company maintains its full-year sales outlook of $563 million to $570 million and earnings per diluted share forecast of $0.73 to $0.79. A webcast and conference call are scheduled for 5:00 pm Eastern Time today.
Superior Group of Companies (NASDAQ: SGC) announced it will release its third quarter 2024 results after market close on Wednesday, November 6, 2024. CEO Michael Benstock and CFO Mike Koempel will host a teleconference at 5:00 pm Eastern Time to discuss the results. The event will be accessible via live webcast and archived replay on the company's investor relations website, with dial-in options available for U.S., international, and Canadian participants. A telephone replay will be available through November 20, 2024.
Superior Group of Companies (NASDAQ: SGC) has announced its participation in the Sidoti September Virtual Investor Conference on September 18, 2024. CEO Michael Benstock and CFO Mike Koempel will engage in a fireside chat at 1:00 PM Eastern Time. Investors can access the live webcast and replay on the company's Investor Relations website. The executives will also be available for virtual meetings throughout the day.
This event provides an opportunity for investors to gain insights into SGC's business strategies and financial performance directly from top management. The virtual format allows for broader participation and easy access to company information, aligning with current trends in investor relations practices.
Superior Group of Companies (NASDAQ: SGC) announced its participation in the Singular Autumn Equinox Virtual Webinar on September 11, 2024. Mike Koempel, the company's Chief Financial Officer, will present at 12:00 pm Eastern Time. This virtual event provides an opportunity for investors to gain insights into SGC's financial performance and strategies.
The webinar will be accessible through the investor relations section of Superior Group of Companies' website, specifically on the Events & Presentations page. Interested parties can view the presentation at https://ir.superiorgroupofcompanies.com/presentations. This event allows SGC to engage with investors and showcase its business developments in a digital format.
Superior Group of Companies (NASDAQ: SGC) has announced a new stock repurchase plan approved by its Board of Directors. The plan authorizes the company to repurchase up to $10 million of its common stock over a one-year period. This replaces the previous plan from May 2, 2019, which had allowed for the repurchase of up to 750,000 shares, of which 92,549 were purchased.
The new plan enables SGC to purchase stock through various methods, including open market purchases, privately negotiated transactions, and block purchases. The timing and number of shares repurchased will depend on factors such as stock price, availability, and market conditions. Repurchased shares may be reissued for employee benefit plans and other corporate purposes.
Superior Group of Companies (NASDAQ: SGC) reported Q2 2024 results with net sales of $131.7 million, up 2.0% from $129.2 million in Q2 2023. Net income decreased to $0.6 million ($0.04 per diluted share) from $1.2 million ($0.08 per diluted share) in the prior year quarter. EBITDA was $5.6 million compared to $7.4 million in Q2 2023.
The company maintained its full-year 2024 outlook with sales projected between $563-$570 million and earnings per diluted share forecast of $0.73-$0.79. The Board of Directors approved a quarterly dividend of $0.14 per share, payable August 30, 2024.
Superior Group of Companies (NASDAQ: SGC) has announced it will release its second quarter 2024 results after market close on Tuesday, August 6, 2024. CEO Michael Benstock and CFO Mike Koempel will host a teleconference at 5:00 pm Eastern Time to discuss the company's performance. Investors can access the live webcast and archived replay in the investor relations section of the company's website.
For those wishing to join by phone, U.S. dialers can call 1-844-861-5505, international dialers 1-412-317-6586, and Canadian dialers 1-866-605-3852. A telephone replay will be available through August 20, 2024, accessible via specific numbers for different regions, using the conference number 9654569.
Superior Group of Companies (NASDAQ: SGC) announced that CEO Michael Benstock and CFO Mike Koempel will participate in a fireside chat at the Sidoti June Virtual Investor Conference. The event is scheduled for June 12, 2024, at 1:00 PM Eastern Time. A live webcast and replay will be accessible on the company's Investor Relations website. Additionally, the management team will host virtual meetings throughout the day.
Superior Group of Companies, Inc. (NASDAQ: SGC) reported strong first quarter 2024 results, with total net sales of $138.8 million, net income of $3.9 million, and EBITDA of $9.6 million. The company also raised its full-year outlook and approved a $0.14 per share quarterly dividend. The CEO highlighted revenue and EBITDA growth, positive cash flow, and improved financial flexibility. The company is confident in its future outlook and is focused on enhancing shareholder value through investments in talent, processes, and systems.
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