Superior Group of Companies, Inc. (NASDAQ:SGC) Q3 2022 Earnings Conference Call November 7, 2022 5:00 PM ET Company Participants Michael Benstock - Chief Executive Officer Mike Koempel - Chief Financial Officer Jake Himelstein - President, Branded Products Segment Catherine Beldotti Donlan - President of our Healthcare Apparel Segment Dominic Leide - President of our Contact Centers segment, Phil Koosed - Chief Strategy Officer Andy Demott - Chief Operating Officer Conference Call Participants Kevin Steinke ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to __________ Commission file number: 001-05869 Exact name of registrant as specified in its charter: SUPERIOR GROUP OF COMPANIES, INC. State or other jurisd ...

Superior Group of Companies, Inc. (NASDAQ:SGC) Q2 2022 Earnings Conference Call August 8, 2022 5:00 PM ET Company Participants Michael Benstock - CEO Michael Koempel - Chief Financial Officer Jake Himelstein - President, Branded Products Catherine Donlan - President, Healthcare Apparel Andy Demott - COO Phil Koosed - Chief Strategy Officer Conference Call Participants Kevin Steinke - Barrington Research Timothy Moore - EF Hutton Operator Good afternoon, everyone. Welcome to Superior Group of Companies Secon ...

Financial Performance - Consolidated net sales increased by 13.1% from $130.8 million in Q2 2021 to $147.9 million in Q2 2022[114] - Total net sales increased by 7.3% from $271.6 million in the six months ended June 30, 2021 to $291.5 million in the same period of 2022[131] - Branded Products segment net sales rose by 28.8%, or $22.8 million, primarily due to growth in the promotional products customer base and acquisitions, contributing $13.3 million and $12.1 million respectively[115] - Healthcare Apparel segment net sales decreased by 30.2%, or $11.4 million, due to reduced demand and market saturation from the COVID-19 pandemic[116] - Contact Centers segment net sales increased by 37.1% before intersegment eliminations, attributed to expanded services and new customer onboarding[117] Acquisitions - The Company acquired Gifts By Design for $6.0 million in cash on January 29, 2021, enhancing its promotional products capabilities[100] - The acquisition of Sutter's Mill was completed for approximately $10.5 million in cash and additional contingent payments of up to $4.5 million based on performance[101] - Guardian Products was acquired for $11.1 million in cash, with potential future payments of approximately $2.3 million based on performance through April 2025[102] Supply Chain and Market Conditions - The Company is experiencing significant supply disruptions and delays, impacting inventory and shipping costs due to global supply chain issues[111] - The healthcare apparel market is currently oversupplied, leading to a slowdown in demand and affecting the Company's financial performance[105] Cost of Goods Sold and Expenses - Total cost of goods sold as a percentage of net sales was 66.4% for the six months ended June 30, 2022, up from 64.6% in 2021, driven by $4.5 million in inventory write-downs[135] - Cost of goods sold for the Branded Products segment was 71.5% for the six months ended June 30, 2022, an increase from 69.8% in 2021, influenced by product mix and logistical costs[136] - Cost of goods sold for the Healthcare Apparel segment was 71.9% for the six months ended June 30, 2022, up from 60.4% in 2021, primarily due to inventory write-downs[137] - Total selling and administrative expenses as a percentage of net sales increased to 30.2% for the six months ended June 30, 2022, from 25.4% in 2021, mainly due to expense deleverage from decreased Healthcare Apparel sales[139] Impairments and Taxation - Goodwill impairment charge of $24.5 million was recorded during the six months ended June 30, 2022, due to a decline in expected cash flows and market conditions[143] - The effective income tax rate for the six months ended June 30, 2022, was 8.0%, down from 15.2% in 2021, influenced by a $2.0 million tax benefit related to impairment charges[147] Cash Flow and Financing - Cash and cash equivalents increased by $1.4 million to $10.3 million as of June 30, 2022, compared to $8.9 million on December 31, 2021[151] - Working capital rose to $212.6 million at June 30, 2022, from $188.1 million at December 31, 2021, primarily due to increases in contract assets and accounts receivable[151] - Net cash provided by financing activities increased to $27.2 million for the six months ended June 30, 2022, compared to $22.6 million in 2021, driven by a $7.0 million increase in net borrowings[154] - The Company had approximately $149.2 million in outstanding borrowings under its credit facilities as of June 30, 2022, including $101.7 million under the revolving credit facility[155] - The Company paid cash dividends of $4.2 million during the six months ended June 30, 2022, compared to $3.4 million in 2021[161] Capital Expenditure and Borrowing Costs - The Company expects to continue its capital expenditure program to enhance facility effectiveness and technology capabilities[153] - Interest rates on the 2018 Term Loan increased to 2.30% at June 30, 2022, compared to 1.25% at March 31, 2022, indicating rising borrowing costs[158] - The Company had undrawn capacity of $23.3 million under the revolving credit facility as of June 30, 2022[157] Foreign Currency Adjustments - Foreign currency translation adjustments resulted in a gain of $0.8 million for the six months ended June 30, 2022[166]

| --- | --- | --- | --- | --- | --- | |---------------------------------|-----------------------------------------------------------------|-------|-------|-------|-------| | | | | | | | | Investor PRESENTATION May 2022 | | | | | | | | Uniforms \| Branded Merchandise \| Business Process Outsourcing | | | | | 1 2 SAFE-HARBOR STATEMENT This presentation may contain forward-looking statements about Superior Group of Companies within the meaning of the Securities Act of 1933, the Securities Exchange Act of 1934, ...

Superior Group of Companies, Inc. (NASDAQ:SGC) Q1 2022 Earnings Conference Call May 4, 2022 2:00 PM ET Company Participants Jeff Elliott - Partner and Senior Manager Director, Three Part Advisors Michael Benstock - CEO Andrew Demott - COO and CFO Jake Himelstein - BAMKO, President Phil Koosed - Chief Strategy Officer Conference Call Participants Kevin Steinke - Barrington Research Operator Good afternoon, everyone. Welcome to the Superior Group of Companies First Quarter 2022 Conference Call. With us today ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to __________ Commission file number: 001-05869 Exact name of registrant as specified in its charter: SUPERIOR GROUP OF COMPANIES, INC. State or other jurisdicti ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to _______________ Commission File Number 001-05869 SUPERIOR GROUP OF COMPANIES, INC. (Exact Name of Registrant as Specified in Its Charter) Flori ...

Superior Group of Companies, Inc. (NASDAQ:SGC) Q4 2021 Earnings Conference Call March 9, 2022 10:00 AM ET Company Participants Hala Elsherbini - Senior Managing Director, Three Part Advisors Michael Benstock - Chief Executive Officer Andrew Demott - Chief Operating Officer and Chief Financial Officer Jake Himelstein - BAMKO, President Dominic Leide - President, The Office Gurus Phil Koosed - Chief Strategy Officer Conference Call Participants Kevin Steinke - Barrington Research Operator Good day, and welcom ...

| --- | --- | --- | --- | --- | |-------------------------------------|-----------------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | | | Investor PRESENTATION January 2022 | | | | | | | Uniforms \| Branded Merchandise \| Business Process Outsourcing | | | | 1 2 SAFE-HARBOR STATEMENT This presentation may contain forward-looking statements about Superior Group of Companies within the meaning of the Securities Act of 1933, the Securities Exchange Act of 1934, ...