Superior of panies(SGC) - 2025 Q4 - Annual Results

Financial Performance - Total net sales for Q4 2025 were $146.6 million, a 0.8% increase from $145.4 million in Q4 2024[4] - Net income rose to $3.5 million, or $0.23 per diluted share, compared to $2.1 million, or $0.13 per diluted share in the prior year[4] - EBITDA increased by 17.8% year-over-year to $8.6 million from $7.3 million in Q4 2024[3] - The company forecasts full-year 2026 net sales between $572 million and $585 million, up from $566.2 million in 2025[5] - Expected earnings per diluted share for 2026 are projected to be between $0.54 and $0.66, an increase from $0.46 in 2025[5] - Net income for the year ended December 31, 2025, was $7,000,000, a decrease of 41.7% from $12,004,000 in 2024[17] - Total net sales for the year ended December 31, 2025, reached $566,184,000, slightly increasing from $565,676,000 in 2024[24] - Segment EBITDA for the year 2025 was $25,744,000, down from $34,097,000 in 2024, indicating a decrease of 24.5%[24] - The company reported a gross margin of $212,864,000 for 2025, compared to $220,578,000 in 2024, reflecting a decline of 3.5%[24] Cash and Assets - Cash and cash equivalents increased to $23.7 million in 2025 from $18.8 million in 2024[15] - Total assets grew to $421.8 million in 2025, compared to $415.1 million in 2024[15] - Cash and cash equivalents at the end of 2025 increased to $23,691,000 from $18,766,000 at the end of 2024, marking a growth of 26.5%[17] - Net cash provided by operating activities decreased to $19,709,000 in 2025 from $33,428,000 in 2024, reflecting a decline of 41.4%[17] Expenses and Liabilities - Interest expense for the year 2025 was $5,143,000, down from $6,358,000 in 2024, a reduction of 19.1%[19] - The company incurred a credit loss expense of $2,291,000 in 2025, significantly higher than $232,000 in 2024[17] - Selling and administrative expenses for 2025 totaled $199,475,000, compared to $199,926,000 in 2024, showing a slight decrease of 0.2%[24] - The company made borrowings under revolving lines of credit amounting to $95,000,000 in 2025, an increase from $47,000,000 in 2024[17] Strategic Initiatives - The company plans to expand its new business pipelines and capture market share across three end markets[3] - The company maintains a strong balance sheet and continues to return capital to shareholders through dividends while investing for future growth[3]