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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.
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.
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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