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 (SGC) will participate in the D.A. Davidson Annual Consumer Growth Conference on March 11, 2021. CEO Michael Benstock, COO Andy Demott, and CFO Jake Himelstein will present a fireside chat at 11:45 a.m. ET. The event will include virtual one-on-one meetings with management, providing investors a chance to engage directly. A webcast of the presentation will be available on the company’s investor relations website. SGC specializes in customized brand engagement solutions, boasting a diverse portfolio of uniform and promotional product brands.
Superior Group of Companies (NASDAQ: SGC) reported a significant financial performance for the fourth quarter and full year 2020. Net sales surged by 34% in Q4 and 40% annually, totaling $526.7 million. Earnings per share reached $0.79, up 295% from 2019. The company successfully pivoted to personal protective equipment (PPE), generating $131.2 million in sales, compared to $3.9 million in 2019. Debt was reduced by $31.6 million, strengthening financial flexibility for future growth.
Superior Group of Companies (SGC) will announce its fourth quarter and fiscal year 2020 results on March 1, 2021, before market opening. The teleconference, led by CEO Michael Benstock and CFO Andrew D. Demott, Jr., will take place at 2:00 p.m. ET the same day, allowing stakeholders to discuss the results and ask questions. Interested parties can join by phone or access the webcast through the company’s investor relations website. A replay will be available shortly after the call, lasting until March 15, 2021.
The Board of Directors of Superior Group of Companies (NASDAQ: SGC) declared a quarterly dividend of $0.10 per share, payable on February 26, 2021, to shareholders of record as of February 15, 2021. This consistent dividend payout reflects the company's commitment to returning value to its shareholders while maintaining financial stability.
SanMar Corporation has announced a partnership with WonderWink® to expand into the healthcare apparel market. The collaboration aims to provide high-quality scrubs designed for healthcare professionals, aligning with SanMar's distribution capabilities and WonderWink's innovative design. This initiative underscores SanMar's commitment to supporting frontline workers during the COVID-19 pandemic. The new line of scrubs will be available starting April 2021, featuring comfortable and functional designs tailored for medical workers.
BAMKO, a promotional product and branded merchandise division of Superior Group of Companies (SGC), has acquired substantially all assets of Gifts By Design, an industry leader in corporate awards and recognition programs. The deal, effective February 1, 2021, includes approximately $18.2 million in revenue from Gifts By Design in 2020, which is expected to positively impact SGC's fiscal 2021 results. This acquisition enhances BAMKO's capabilities and allows for the expansion of their client services in a growing market segment.
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.
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