Superior of panies(SGC) - 2025 Q2 - Quarterly Results

Financial Performance - Total net sales for Q2 2025 reached $144.0 million, a 9% increase from $131.7 million in Q2 2024[1][3] - Net income for Q2 2025 was $1.6 million, up from $0.6 million in Q2 2024, translating to $0.10 per diluted share compared to $0.04 per diluted share in the prior year[1][3] - EBITDA for Q2 2025 was $6.1 million, reflecting a 9% increase from $5.6 million in Q2 2024[1][3] - Total net sales for the six months ended June 30, 2025, reached $281,142,000, compared to $270,578,000 in 2024, indicating a 3.0% increase[24] - Net income for the six months ended June 30, 2025, was $793,000, a significant decrease from $4,512,000 in the same period of 2024, representing an 82.4% decline[19] - EBITDA for the six months ended June 30, 2025, was $9,607,000, down from $15,190,000 in 2024, reflecting a 36.0% decrease[21] - The gross margin for the six months ended June 30, 2025, was $105,767,000, slightly lower than $106,072,000 in 2024, showing a marginal decline[24] Shareholder Returns - The company declared a quarterly dividend of $0.14 per share, payable on August 29, 2025[1][4] - Approximately $4.0 million was allocated for share repurchases, resulting in about 390,000 shares repurchased during the quarter[1][5] - The company continues to execute its stock repurchase plan and return capital to shareholders[2] Assets and Liabilities - Current assets as of June 30, 2025, totaled $285.6 million, up from $273.1 million at the end of 2024[1][17] - Total liabilities increased to $231.2 million as of June 30, 2025, compared to $216.3 million at the end of 2024[1][17] - The company’s total cash and cash equivalents balance at the end of the period was $21,026,000, up from $13,374,000 at the end of June 30, 2024[19] Operating Activities - Cash flows from operating activities for the six months ended June 30, 2025, were $2,946,000, a decrease from $16,300,000 in 2024, representing an 81.9% drop[19] - The company incurred $2,100,000 in credit loss expense for the six months ended June 30, 2025, compared to a credit of $383,000 in 2024[19] Segment Performance - Segment EBITDA for the Branded Products segment for the six months ended June 30, 2025, was $14,726,000, down from $16,671,000 in 2024, a decline of 11.5%[24] - Branded Products sales increased by 14%, contributing significantly to revenue growth[2] Expenses - The company’s selling and administrative expenses for the six months ended June 30, 2025, were $102,342,000, an increase from $97,502,000 in 2024, reflecting a 4.0% rise[24]