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 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.
Superior Group of Companies, Inc. (SGC) will release its second quarter 2021 results on July 28, 2021, before the market opens. A teleconference with executives, including CEO Michael Benstock, will be held at 2:00 p.m. ET to discuss the results. Interested individuals can join the call using specified numbers for U.S., international, and Canadian dialers. A replay will be available after the call. SGC focuses on enhancing brand engagement through its core uniform and promotional product divisions.
Superior Group of Companies (NASDAQ: SGC) has announced key promotions within its executive team: Philip Koosed is promoted to Chief Strategy Officer, and Jake Himelstein becomes President of BAMKO. Koosed will provide strategic guidance across SGC, focusing on growth opportunities, while Himelstein will enhance BAMKO's operations. CEO Michael Benstock highlighted their achievements and the company's commitment to growth. Koosed expressed excitement about leading SGC into its next century, emphasizing transformation and teamwork.
On June 7, 2021, Superior Group of Companies (NASDAQ: SGC) announced participation in the virtual East Coast IDEAS Investor Conference on June 16. The CEO, Michael Benstock, and COO, Andy Demott, along with senior executives will hold one-on-one and small group meetings throughout the event. A webcast of their presentation will be available starting at 7:00 am CST on the same day through the company’s investor relations page. The IDEAS Conferences aim to connect quality companies with investment professionals, emphasizing an investor-centric approach.
Superior Group of Companies, Inc. (NASDAQ: SGC) announced participation in the Stifel 2021 Virtual Cross Sector Insight Conference set for June 8, 2021. CEO Michael Benstock, COO and CFO Andy Demott, along with senior executives, will engage in virtual one-on-one and small group meetings throughout the event. Established in 1920, Superior Group specializes in uniforms and image apparel, providing innovative design, global manufacturing, and distribution solutions. With a commitment to customer service, SGC aims to enhance brand engagement for clients.
Superior Group of Companies (SGC) announces participation in the Barrington Research Virtual Spring Investment Conference on May 27, 2021. CEO Michael Benstock and COO Andy Demott, among other executives, will lead virtual meetings throughout the day, aimed at engaging with potential investors. SGC is a leader in providing uniforms and promotional products, with over 7 million individuals wearing their products daily. The company focuses on brand engagement through customized solutions and has a rich history since its establishment in 1920.
The Board of Directors of Superior Group of Companies (NASDAQ: SGC) declared a quarterly dividend of $0.12 per share, payable on June 11, 2021, to shareholders of record as of May 28, 2021. This marks a 20% increase in the dividend, attributed to significant improvements in operating results over the past year. CEO Michael Benstock expressed confidence in the company's future, highlighting operating performance as a key factor for the dividend increase.
Superior Group of Companies (NASDAQ: SGC) reported significant growth in its first quarter 2021 results. Net sales rose by 49.4% to $140.8 million compared to $94.2 million in the same quarter of 2020. Earnings per share increased 200% to $0.66, up from $0.22.
Pretax income reached $13.2 million, compared to $4.6 million a year prior. Notably, BAMKO experienced net sales growth of 124.9% and The Office Gurus reported a 43.2% increase. However, the company faces logistical challenges resulting in sizable backlogs.
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