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.
The Board of Directors of Superior Group of Companies (NASDAQ: SGC) has declared a quarterly dividend of $0.10 per share, payable on November 30, 2020, to shareholders recorded as of November 16, 2020. CEO Michael Benstock expressed confidence in the company's long-term growth, highlighting strong operating results and reduced debt leverage. The continued dividend underscores SGC's commitment to shareholder returns and the sustainability of its recurring dividend as a key aspect of its value proposition.
Superior Group of Companies, Inc. (NASDAQ: SGC) reported a strong third quarter for 2020, with net sales increasing 43% to $127.8 million compared to $89.5 million in Q3 2019. Earnings per share rose 142% to $0.63, while pretax income improved to $12.1 million from $4.6 million in the prior year. The company reduced its debt by $8.2 million, totaling over $42.5 million in net debt repayments for 2020. CEO Michael Benstock expressed confidence in ongoing sales growth and emphasized the company's commitment to enhancing shareholder value amidst uncertainty.
Superior Group of Companies, Inc. (NASDAQ: SGC) will release its third quarter 2020 operational results on October 29, 2020, before market opening. CEO Michael Benstock and CFO Andrew D. Demott, Jr. will discuss these results in a teleconference at 2:00 p.m. Eastern Time. Interested participants can join the call or access a live webcast through the investor section of the company’s website. A replay will be available after the call through November 5, 2020. SGC aims to empower brands through customized solutions in uniforms and promotional products.
Superior Group of Companies (NASDAQ: SGC) announced that CEO Michael Benstock and COO/CFO Andy Demott will present at the Midwest IDEAS Investor Conference on August 26, 2020. They will also conduct virtual one-on-one meetings throughout the day. Investors can access a webcast of the presentation through the company's investor relations website.
Founded in 1920, Superior Group of Companies offers branding solutions through various divisions, serving over 6 million Americans with uniforms daily. Their focus includes innovative uniform design and global manufacturing.
In June, Dunkin’, BAMKO, and JKR launched a limited edition series of face masks, raising over $61,000 for the Dunkin’ Joy in Childhood Foundation, aiding health and hunger relief for children. Retailing at $10 each, $3 from each sale is donated to the foundation. The masks, designed for self-expression, have garnered excitement among customers, with limited availability on Shopdunkin.com until August 31, 2020. This initiative emphasizes responsible mask-wearing while supporting a worthy cause, reflecting Dunkin's commitment to community engagement.
Superior Group of Companies (SGC) will announce its Q2 2020 financial results on July 29, 2020, prior to market opening. CEO Michael Benstock and CFO Andrew D. Demott, Jr. will host a teleconference at 10:00 a.m. ET to discuss the results and answer questions. Interested parties can join via U.S. or international dial-in numbers, with an archived replay available starting one hour after the call until August 12, 2020. The company's website will also host a live webcast and replay.
Superior Group of Companies (NASDAQ: SGC) is transitioning its HPI Distribution Center operations from Georgia to its advanced semi-robotic facility in Eudora, Arkansas. The move, driven by economic efficiency, is set for completion by early Q4 2020. Affected employees will receive severance packages. The new facility promises enhanced technology, reduced distribution costs, improved customer service, and scalability for future growth. This transition is supported by a previously announced multi-million dollar investment in the Eudora center.
On June 15, 2020, Superior Group of Companies (NASDAQ: SGC) announced that CEO Michael Benstock and COO/CFO Andy Demott will present at the East Coast IDEAS Investor Conference on June 23, 2020. The company will also conduct virtual one-on-one meetings on the same day. A webcast of the presentation will be available on their investor relations website. Established in 1920, SGC offers a range of services for brand experiences, custom uniforms, and promotional products, serving over 6 million employees daily.
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