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.
On December 1, 2021, BAMKO, the branded merchandise division of Superior Group of Companies (SGC), acquired substantially all assets of Sutter’s Mill Specialties, Inc. This transaction marks a significant development for BAMKO, adding Sutter’s Mill’s $24.5 million revenue and advanced production capabilities. President Jake Himelstein stated that this acquisition enhances BAMKO’s competitive edge, while Sutter’s Mill’s President Michael Butler expressed excitement about joining forces and furthering growth in the branded merchandise industry.
The Board of Directors of Superior Group of Companies (NASDAQ: SGC) has declared a quarterly dividend of $0.12 per share, payable on November 30, 2021, to shareholders of record as of November 19, 2021. This decision reflects the company's commitment to returning value to its shareholders. Superior Group of Companies, which specializes in uniforms and promotional products, is recognized for its strong service and quality. The company supports a diverse range of customer needs through various brands, emphasizing a customer-first approach.
Superior Group of Companies (NASDAQ: SGC) reported a 3.5% decline in net sales for Q3 2021, totaling $123.3 million, compared to $127.7 million in Q3 2020. Pretax income fell to $10.0 million, down from $12.1 million in the prior year, while net income decreased to $8.2 million or $0.51 per diluted share, down from $9.9 million or $0.63 per share. CEO Michael Benstock expressed optimism about core business momentum, highlighting growth in promotional products and staffing solutions despite ongoing supply chain challenges.
Superior Group of Companies, Inc. (SGC) plans to release its third-quarter 2021 results on November 3, 2021, prior to market open. CEO Michael Benstock and other executives will provide insights during a teleconference at 2:15 p.m. ET on the same day. Interested parties can join the call via designated phone numbers or listen to the live webcast on the company’s investor website. A replay will be accessible for a limited time following the conference. SGC, a leader in uniform and promotional products, emphasizes a customer-first approach and operational excellence.
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.
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