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, Inc. (NASDAQ: SGC) reported a 5% increase in fourth-quarter sales, reaching $148.6 million compared to $142 million in 2021. However, net income dropped to $2.2 million, or $0.14 per share, down from $4.4 million, or $0.27 per share, year-over-year. Adjusted net loss was ($0.9) million, compared to a gain of $5 million in the previous year. The company also announced a 2023 guidance of $585-$595 million in sales and EPS of $0.92-$0.97, indicating optimism for a stronger second half of the year. Significant challenges included a $6 million inventory write-down in the Healthcare Apparel segment.
Superior Group of Companies (NASDAQ: SGC) will announce its fourth-quarter and full-year 2022 results on March 15, 2023, post-market close. CEO Michael Benstock and CFO Mike Koempel will lead a teleconference at 5:00 PM ET to discuss these results. Investors can access the live webcast and archived replay via the company's investor relations website. A telephone replay will be available until March 29, 2023, using the conference number 6322218. Established in 1920, SGC focuses on enhancing brand engagement for customers through innovative solutions.
Superior Group of Companies, Inc. (SGC) announced the passing of Sidney Kirschner, its Chairman of the Board, on February 21, 2023, at the age of 88. Kirschner joined the board in 1996 and led as chairman for 11 years, during which SGC grew its annual revenues from $135 million to over $536 million. His extensive career included leadership roles in various organizations, highlighting his influence on SGC's strategic decisions and philanthropic efforts. The company plans to announce governance changes related to the upcoming 2023 proxy statement.
Superior Group of Companies (SGC) announced the retirement of Chief Operating Officer Andrew D. Demott, Jr., effective March 31, 2023. Demott has been with SGC since 1998, transitioning his CFO responsibilities to current CFO Mike Koempel. CEO Michael Benstock praised Demott for his 25-year contribution to the company's growth, leading to over half a billion dollars in annual revenue. Demott will continue to serve on the Board of Directors, indicating a seamless leadership transition. Chairperson Sidney Kirschner and Koempel also recognized Demott's significant impact on the company’s financial stewardship.
The Board of Directors of Superior Group of Companies (NASDAQ: SGC) has declared a quarterly dividend of $0.14 per share, payable on February 28, 2023. This dividend will benefit shareholders who are on record by February 14, 2023. Established in 1920, Superior Group focuses on delivering exceptional brand engagement experiences, emphasizing technology, service, and financial strength to support diverse customer needs.
Superior Group of Companies (NASDAQ: SGC) announced that CEO Michael Benstock and CFO Michael Koempel will attend the ICR Conference in Orlando, Florida on January 10, 2023. Their presentation is scheduled for 9:00 a.m. Eastern Time.
A live webcast of the presentation will be available on the Company's investor relations website, and a replay will also be provided later. With a legacy dating back to 1920, Superior Group focuses on enhancing brand engagement for its clients by providing personalized services and robust support.
SEMINOLE, Fla., Dec. 02, 2022 - Superior Group of Companies (NASDAQ: SGC) announced CEO Michael Benstock, COO Andrew Demott, and CFO Michael Koempel will participate in the Sidoti December Virtual Investor Conference on December 8, 2022. They will engage in a fireside chat at 11:30 a.m. Eastern Time. The webcast can be accessed on the company's investor relations page. Additionally, they will host virtual one-on-one and small group meetings throughout the day.
Superior Group of Companies, founded in 1920, focuses on enhancing brand engagement for clients.
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.
FAQ
What is the current stock price of Superior Group of Companies (SGC)?
What is the market cap of Superior Group of Companies (SGC)?
What does Superior Group of Companies, Inc. do?
What are the primary segments of Superior Group of Companies, Inc.?
When was Superior Group of Companies, Inc. established?
What type of products does the Uniforms and Related Products segment offer?
How does Superior Group of Companies, Inc. generate the most revenue?
What recent updates has Superior Group of Companies, Inc. disclosed?
Where can I find more information about Superior Group of Companies, Inc.?
Who are the key executives of Superior Group of Companies, Inc.?
Does Superior Group of Companies, Inc. offer dividends?
How does Superior Group of Companies, Inc. maintain its competitive edge?
