Superior of panies(SGC)
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Superior of panies(SGC) - 2025 Q1 - Earnings Call Presentation
2025-05-08 21:22
INVESTOR PRESENTATION May 2025 Forward-looking statements involve known and unknown risks and uncertainties that may cause future results to differ materially from those suggested by the forward-looking statements. Such risks and uncertainties include, but are not limited to the following; our business, operations, customers, suppliers nd employees; general economic conditions in the areas of the United States in which the Company's customers are located; changes in the market where uniforms are worn, where ...
Superior of panies(SGC) - 2025 Q1 - Quarterly Report
2025-05-08 21:06
Sales Performance - Consolidated net sales decreased by 1.3%, or $1.7 million, for the three months ended March 31, 2025, compared to the same period in 2024[77]. - Branded Products segment net sales decreased by 0.7%, or $0.6 million, primarily due to volume decreases in branded uniform apparel within existing customer accounts[78]. - Healthcare Apparel segment net sales decreased by 6.8%, or $2.0 million, primarily due to volume decreases in institutional apparel within existing customer accounts[79]. - Contact Centers segment net sales increased by 2.9%, or $0.7 million, attributed to a mix of sales growth from new and existing customers[80]. Gross Margin and Expenses - Consolidated gross margin decreased to 36.8% for the three months ended March 31, 2025, down from 39.8% in the same period in 2024[81]. - Gross margin rate for Branded Products segment decreased to 32.0% from 36.5% year-over-year, driven by higher product costs and lower pricing[82]. - Gross margin rate for Healthcare Apparel segment decreased to 37.2% from 39.4% year-over-year, primarily due to higher costs of goods[83]. - Total selling and administrative expenses increased to 36.5% of net sales for the three months ended March 31, 2025, compared to 35.2% in the same period in 2024[84]. Financial Results - The Company generated a net loss of $0.8 million for the three months ended March 31, 2025, compared to net income of $3.9 million in the same period in 2024[75]. - EBITDA for the three months ended March 31, 2025, was $3.5 million, a decrease of 63.3% from $9.6 million in the same period of 2024[105]. - The net (loss) income for the three months ended March 31, 2025, was $(758,000), compared to a net income of $3.9 million in the same period of 2024[105]. Cash Flow and Borrowings - For the three months ended March 31, 2025, net cash used in operating activities was $2.0 million, compared to net cash provided of $9.4 million for the same period in 2024[95][96]. - The Company had $19.0 million in borrowings and $8.0 million in payments on the revolving credit facility for the three months ended March 31, 2025[98]. - The Company has access to a Revolving Credit Facility with a maximum principal amount of $125.0 million and a term loan of $75.0 million[97]. - The Company anticipates continuing to use credit facilities and other borrowings as a source of liquidity in the future[99]. Dividends and Stock Repurchase - The Company paid cash dividends of $2.3 million during the three months ended March 31, 2025, consistent with the same amount paid in 2024[100]. - A new stock repurchase plan was approved on March 7, 2025, authorizing the repurchase of up to $17.5 million worth of common stock[101]. Internal Controls and Risks - The Company expects to maintain effective internal control over financial reporting, with no changes reported during the quarter ended March 31, 2025[110]. - Forward-looking statements indicate potential risks including competition, supply disruptions, and economic conditions that may affect future performance[107].
Superior of panies(SGC) - 2025 Q1 - Quarterly Results
2025-05-08 20:12
Exhibit 99.1 FOR IMMEDIATE RELEASE SUPERIOR GROUP OF COMPANIES REPORTS FIRST QUARTER 2025 RESULTS – Total net sales of $137.1 million versus $138.8 million in prior year first quarter – – Net (loss) income of ($0.8) million versus $3.9 million in prior year first quarter – – EBITDA of $3.5 million versus $9.6 million in prior year first quarter – – Continues to execute on stock repurchase plan – – Board of Directors approves $0.14 per share quarterly dividend – ST. PETERSBURG, Fla., May 8, 2025 – Superior G ...
Superior Group of Companies Reports First Quarter 2025 Results
Globenewswire· 2025-05-08 20:05
Core Viewpoint - The company reported a decline in net sales and a net loss for the first quarter of 2025, while continuing its stock repurchase plan and maintaining a quarterly dividend. Financial Performance - Total net sales for Q1 2025 were $137.1 million, down from $138.8 million in Q1 2024, representing a decrease of approximately 1.2% [1][3] - The company experienced a net loss of $0.8 million, or $0.05 per diluted share, compared to a net income of $3.9 million, or $0.24 per diluted share, in the prior year [3][23] - EBITDA for Q1 2025 was $3.5 million, down from $9.6 million in Q1 2024, indicating a significant decline in operational profitability [1][23] Dividend and Share Repurchase - The Board of Directors declared a quarterly dividend of $0.14 per share, payable on May 30, 2025, to shareholders of record as of May 19, 2025 [4] - The company repurchased approximately 294,000 shares for $3.8 million during the first quarter, completing a $10 million repurchase plan approved in August 2024, with approximately $16.3 million remaining under its existing repurchase authorization [5] Outlook - The company revised its full-year revenue outlook to a range of $550 million to $575 million, down from the previous range of $585 million to $595 million, and withdrew its earnings per diluted share guidance of $0.75 to $0.82 [6]
Superior Group (SGC) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2025-04-29 23:20
In the latest market close, Superior Group (SGC) reached $10.29, with a +1.18% movement compared to the previous day. This change outpaced the S&P 500's 0.58% gain on the day. Elsewhere, the Dow saw an upswing of 0.75%, while the tech-heavy Nasdaq appreciated by 0.55%.Shares of the uniform maker witnessed a loss of 7.04% over the previous month, trailing the performance of the Consumer Discretionary sector with its loss of 0.09% and the S&P 500's loss of 0.84%.The investment community will be paying close a ...
Superior Group of Companies' Michael Benstock Featured on Smart Money Circle
Newsfilter· 2025-04-02 12:17
ST. PETERSBURG, Fla., April 02, 2025 (GLOBE NEWSWIRE) -- -- Superior Group of Companies, Inc. (NASDAQ:SGC) today announced that Chairman and Chief Executive Officer Michael Benstock was interviewed on the Smart Money Circle podcast, hosted by renowned investor Adam Sarhan. The interview is now available for viewing on the Smart Money Circle YouTube channel. Investors can also access the interview via Superior Group of Companies' website at https://ir.superiorgroupofcompanies.com/presentations. About Superi ...
Superior Group of Companies' Michael Benstock Featured on Smart Money Circle
GlobeNewswire News Room· 2025-04-02 12:17
ST. PETERSBURG, Fla., April 02, 2025 (GLOBE NEWSWIRE) -- -- Superior Group of Companies, Inc. (NASDAQ: SGC) today announced that Chairman and Chief Executive Officer Michael Benstock was interviewed on the Smart Money Circle podcast, hosted by renowned investor Adam Sarhan. The interview is now available for viewing on the Smart Money Circle YouTube channel. Investors can also access the interview via Superior Group of Companies' website at https://ir.superiorgroupofcompanies.com/presentations. About Super ...
Is Superior Group (SGC) a Buy as Wall Street Analysts Look Optimistic?
ZACKS· 2025-03-27 14:35
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Superior Group (SGC) .Superior Group currently has an average brokerage re ...
Superior Group (SGC) Rises As Market Takes a Dip: Key Facts
ZACKS· 2025-03-26 23:15
In the latest trading session, Superior Group (SGC) closed at $10.90, marking a +1.4% move from the previous day. The stock's change was more than the S&P 500's daily loss of 1.12%. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq lost 2.04%.Shares of the uniform maker witnessed a loss of 27.76% over the previous month, trailing the performance of the Consumer Discretionary sector with its loss of 3.56% and the S&P 500's loss of 2.91%.Investors will be eagerly watching for the performance of ...
SUPERIOR GROUP OF COMPANIES TO PARTICIPATE IN THE SIDOTI MARCH INVESTOR CONFERENCE
Globenewswire· 2025-03-13 12:00
ST. PETERSBURG, Fla., March 13, 2025 (GLOBE NEWSWIRE) -- Superior Group of Companies, Inc. (NASDAQ: SGC) today announced that Chief Financial Officer, Mike Koempel, and President, Branded Products, Jake Himelstein, will participate in a fireside chat at the Sidoti Virtual Investor Conference on Wednesday, March 19, 2025 at 1:45 PM Eastern Time. The live webcast and replay will be available on the Events & Presentations page of the company's Investor Relations website here. Management will also host virtual ...