Superior Group of Companies Reports First Quarter 2025 Results

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]