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Superior Group of Companies to Participate in the Sidoti September Investor Conference
Globenewswireยท 2025-09-10 20:05
Group 1 - Superior Group of Companies, Inc. will participate in a fireside chat at the Sidoti Virtual Investor Conference on September 18, 2025, at 10:45 AM Eastern Time [1] - The live webcast and replay of the conference will be available on the company's Investor Relations website [1] - Management will also host virtual meetings throughout the day of the conference [1] Group 2 - Superior Group of Companies was established in 1920 and consists of three business segments: Healthcare Apparel, Branded Products, and Contact Centers [2] - Each segment serves large, fragmented, and growing addressable markets, enabling businesses to create extraordinary brand engagement experiences [2] - The company emphasizes service, quality, advanced technology, and omnichannel commerce as competitive advantages [2] - Superior Group of Companies is committed to enhancing shareholder value through organic growth and strategic acquisitions [2]
Superior of panies(SGC) - 2025 Q2 - Earnings Call Transcript
2025-08-05 22:00
Financial Data and Key Metrics Changes - Consolidated revenue grew more than 9% year over year, with net income per diluted share of $0.10, up from $0.04 in the same quarter last year [7][8][18] - Gross margin remained flat at 38.4% year over year but improved by 160 basis points sequentially [12] - SG&A as a percentage of sales improved to 36.3% from 36.9% in the prior year, despite recognizing $1.8 million in credit loss reserves [13][18] Business Segment Data and Key Metrics Changes - Branded Products segment grew by 14%, driven by order timing and organic expansion with existing accounts [7][12] - Healthcare Apparel segment grew by 6%, supported by volume increases in specific product lines [12][15] - Contact Center business saw a 3% decline in revenues due to macroeconomic headwinds and customer downsizing [12][17] Market Data and Key Metrics Changes - The company noted a full pipeline of contact center opportunities, indicating potential for future growth despite current challenges [5][11] - The Branded Products segment is positioned as one of the top 10 largest providers in a highly fragmented market, suggesting strong competitive positioning [9] Company Strategy and Development Direction - The company is focused on expense management and has launched initiatives to reduce budgeted expenses, which are expected to enhance profitability [6][7] - There is a strategic emphasis on leveraging diverse sourcing and vendor negotiations to mitigate tariff impacts and maintain competitive pricing [6][36] - The company remains open to acquisitions but will be selective, focusing on opportunities that are quickly accretive and do not distract from organic growth [71][72] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the second half of the year, citing mixed results across segments but a strong pipeline of opportunities [30][31] - The company anticipates continued growth in the Branded Products segment and expects the Healthcare Apparel segment to improve as institutional customers replenish inventory [56][60] - Management acknowledged ongoing uncertainties related to inflation, interest rates, and tariffs but emphasized the company's strong liquidity and cost management efforts [19][30] Other Important Information - The company actively repurchased approximately 390,000 shares for about $4 million during the quarter, indicating confidence in its stock value [18] - The company expects full-year revenues to be in the range of $550 million to $575 million, suggesting year-over-year growth at the high end of about 2% [19] Q&A Session Summary Question: Inquiry about SG&A costs - Management clarified that SG&A increased in dollar terms due to higher revenues but improved as a percentage of sales, with credit loss reserves impacting the overall rate [21][22] Question: Opportunities for AI in business - Management discussed the implementation of AI in contact centers for talent acquisition and customer interaction, enhancing efficiency and customer satisfaction [24][25] Question: Impact of tariffs on customer orders - Management noted some customers pulled orders forward due to tariff concerns, but the institutional side showed hesitance in spending [34][39] Question: Outlook for Healthcare Apparel - Management expects the institutional side to pick up as inventory needs arise, with the second half of the year generally being stronger due to seasonal factors [56][60] Question: Contact center pipeline and decision-making - Management indicated that while decision-making has been slow, there is a record pipeline of opportunities that could convert into revenue in the near future [61][64] Question: Mitigation efforts regarding tariffs - Management confirmed that price increases related to tariffs would mostly take effect in the third quarter, with proactive measures taken to protect margins [78][82]
Superior of panies(SGC) - 2025 Q2 - Earnings Call Presentation
2025-08-05 21:00
SUPERIOR GROUP OF COMP INVESTOR PRESENTATION August 2025 HEALTHCARE APPAREL Kale& Avocados& Blueberries& Chocolate& instacart Family. 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, the Private Securities Litigation Reform Act of 1995 and all rules and regulations issued there under. Such statements are based upon management's current expectations, projectio ...
Superior Group of Companies to Participate in the Sidoti June Investor Conference
Globenewswireยท 2025-06-04 20:05
Company Overview - Superior Group of Companies, Inc. (SGC) was established in 1920 and operates in three business segments: Healthcare Apparel, Branded Products, and Contact Centers, which serve large, fragmented, and growing markets [2] - The company focuses on creating extraordinary brand engagement experiences for customers and employees through its commitment to service, quality, advanced technology, and omnichannel commerce, providing it with competitive advantages [2] - SGC aims to enhance shareholder value by pursuing a combination of organic growth and strategic acquisitions [2] Upcoming Events - The Chairman, President, and CEO, Michael Benstock, along with CFO Mike Koempel, will participate in a fireside chat at the Sidoti Virtual Investor Conference on June 12, 2025, at 9:15 AM Eastern Time [1] - A live webcast and replay of the event will be available on the company's Investor Relations website [1] - Management will also host virtual meetings throughout the day of the conference [1]
Superior Group of Companies to Participate in the D.A. Davidson Technology & Consumer Conference
Globenewswireยท 2025-06-02 20:05
Group 1 - Superior Group of Companies, Inc. will participate in the Inaugural D.A. Davidson Technology & Consumer Conference on June 10, 2025, in Nashville, TN, with investor meetings scheduled throughout the day [1] - The company operates in three business segments: Healthcare Apparel, Branded Products, and Contact Centers, which serve large, fragmented, and growing addressable markets [1] - Superior Group of Companies emphasizes its commitment to service, quality, advanced technology, and omnichannel commerce, providing competitive advantages [1] Group 2 - The company aims to enhance shareholder value through a combination of organic growth and strategic acquisitions [1]
Superior Group of Companies to Participate in the Noble Capital Markets Emerging Growth Conference
Globenewswireยท 2025-05-29 20:05
Group 1 - Superior Group of Companies, Inc. will participate in the Noble Capital Markets 2025 Emerging Growth Virtual Equity Conference on June 5, 2025 [1] - The company's Chairman, President, and CEO Michael Benstock, along with CFO Mike Koempel, will be featured in a fireside chat during the event [1] - A video replay of the presentation will be available on the company's Investor Relations website after the event [1] Group 2 - Superior Group of Companies was established in 1920 and operates in three business segments: Healthcare Apparel, Branded Products, and Contact Centers [2] - Each segment targets large, fragmented, and growing addressable markets, enhancing brand engagement experiences for customers and employees [2] - The company focuses on organic growth and strategic acquisitions to enhance shareholder value [2]
Superior Group of Companies to Participate in the Barrington Research Spring Investment Conference
Globenewswireยท 2025-05-22 19:02
Group 1 - Superior Group of Companies, Inc. (SGC) will participate in the Barrington Research Spring Investment Conference on May 29, 2025, with virtual investor meetings hosted by CEO Michael Benstock and CFO Mike Koempel [1] - Established in 1920, Superior Group of Companies operates in three business segments: Healthcare Apparel, Branded Products, and Contact Centers, targeting large and growing markets [2] - The company focuses on enhancing shareholder value through a combination of organic growth and strategic acquisitions, emphasizing service, quality, advanced technology, and omnichannel commerce as competitive advantages [2]
Superior of panies(SGC) - 2025 Q1 - Earnings Call Transcript
2025-05-08 22:02
Financial Data and Key Metrics Changes - The company reported a first quarter net loss per share of $0.05 compared to earnings per diluted share of $0.24 in the prior year period, primarily due to lower gross margins from sales mix changes [8][16] - Consolidated first quarter revenues were down 1% year over year, with a strong balance sheet and net leverage position allowing for a strategic long-term approach to capital allocation [12][17] - Gross margin rate was 36.8% for the first quarter, down from 39.8% in the prior year [14] Business Segment Data and Key Metrics Changes - Branded Products revenue was off less than 1%, with promotional products growing while branded uniform sales declined due to stronger rollouts in the previous year [13] - Healthcare Apparel revenue decreased by 7% year over year, reflecting a decline in Institutional Healthcare Apparel [13] - Contact Center business segment grew revenue by 3%, benefiting from solid retention and growth of existing customers [13] Market Data and Key Metrics Changes - The company noted customer buying hesitancy due to inflation, interest rates, and tariffs, which have slowed decision-making and sourcing challenges [5][6] - The company has a diversified sourcing strategy that mitigates risks associated with high tariffs on products from China [6][9] Company Strategy and Development Direction - The company is focused on strong cost management and has eliminated costs to support profitability as demand normalizes [7][8] - The company plans to invest in growing digital channels and expanding market share in the healthcare apparel segment [11] - The company is actively repurchasing shares, considering it a compelling value, while maintaining significant liquidity for growth [9][17] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for Q2, citing a strong order backlog and customer retention over 90% [10] - The company anticipates revenue for the full year to be in the range of $550 million to $575 million, reflecting a conservative approach due to economic uncertainty [18] - Management emphasized a proven track record of navigating challenging economic times and maintaining a strong position relative to competitors [18] Other Important Information - The company has executed approximately $13 million in annualized savings, primarily within SG&A expenses, to enhance operational efficiency [44][53] - The company ended the first quarter with $20 million in cash and cash equivalents, up from $19 million at the start of the year [16] Q&A Session Summary Question: Discussion on the pipeline in branded products and contact centers - Management highlighted strong pipelines in both segments, with aggressive recruitment and positioning as experts in navigating tariff challenges [21][23] Question: Reduced revenue guidance and conservatism in the second half - Management confirmed a cautious approach while still expecting a ramp-up in the second half, managing costs conservatively [30] Question: Cost perspective on tariffs and price increases - Management indicated the ability to pass on tariff-related costs to customers, with flexibility in pricing strategies [31][32] Question: Impact of tariffs on customer behavior and supply chain disruptions - Management noted that even if tariffs were lifted, it would take time to return to normalcy due to supply chain disruptions [40][43] Question: Insights on SG&A savings and operational efficiencies - Management confirmed that the $13 million in savings would not impact growth and would begin to benefit in the second quarter [44][53] Question: Acquisition opportunities in the current environment - Management is currently conserving cash and not pursuing acquisitions until there is more clarity on tariffs, but sees potential opportunities in the future [55][56]
Superior of panies(SGC) - 2025 Q1 - Earnings Call Transcript
2025-05-08 22:00
Financial Data and Key Metrics Changes - The company reported a consolidated first quarter revenue decline of 1% year over year, holding revenue nearly flat despite macroeconomic headwinds [7][12] - The net loss per share for the first quarter was $0.05, compared to earnings per diluted share of $0.24 in the prior year period, primarily due to lower gross margins from sales mix changes [7][16] - Consolidated EBITDA decreased to $3.5 million from $9.6 million a year earlier, reflecting the impact of lower revenues and margins [13] Business Segment Data and Key Metrics Changes - In the Branded Products segment, revenue was down less than 1%, with promotional products growing while branded uniform sales declined due to stronger rollouts in the previous year [12][8] - Healthcare Apparel revenue fell by 7% year over year, primarily due to a decline in Institutional Healthcare Apparel [12] - The Contact Center segment grew revenue by 3%, benefiting from solid retention and growth of existing customers [12] Market Data and Key Metrics Changes - The company noted that customer buying hesitancy persisted due to inflation, interest rates, and tariffs, particularly affecting sourcing challenges [5][6] - The company maintained a strong balance sheet with $20 million in cash and cash equivalents, up from $19 million at the start of the year [16] Company Strategy and Development Direction - The company is focused on strong cost management and has eliminated approximately $13 million in annualized budget expenses to enhance profitability as demand normalizes [18] - The company is leveraging its diversified business segments and multiple sources of supply to navigate economic uncertainties [6][5] - The company aims to capitalize on market dislocations by actively repurchasing common shares, considering it a compelling value [8] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for Q2, citing a strong order backlog and customer retention over 90% [9] - The company anticipates revenue for the full year to be in the range of $550 million to $575 million, reflecting a conservative outlook due to economic uncertainties [17][18] - Management emphasized a proven track record of navigating challenging economic times and maintaining significant liquidity to support growth [18] Other Important Information - The company has a net leverage ratio of 2.2 times trailing twelve months covenant EBITDA, which is within covenant requirements [17] - The company is exploring acquisition opportunities but is currently focused on conserving cash until there is more clarity regarding tariffs [53] Q&A Session Summary Question: Discussion on the pipeline in branded products and contact centers - Management highlighted strong pipelines in both segments, with aggressive recruitment and positioning as experts in navigating tariff challenges [21][23] Question: Reduced revenue guidance and conservatism in the second half - Management confirmed a cautious approach due to current uncertainties but expects a ramp-up in the second half [30] Question: Cost perspective on tariffs and price increases - Management stated they can pass on tariff increases to most customers and are actively managing pricing strategies [31][33] Question: Impact of tariffs on customer behavior and supply chain disruptions - Management noted that even if tariffs were lifted, it would take 6 to 9 months for supply chains to normalize due to disruptions [39][41] Question: Annualized cost savings and operational efficiencies - Management confirmed $13 million in annualized savings primarily from SG&A expense reductions, which will begin to impact the second quarter [43][51] Question: Acquisition opportunities and focus areas - Management is currently conserving cash and will only consider acquisitions that are immediately accretive and at the right price [53][54] Question: Price elasticity of branded products and profitability - Management indicated flexibility in pricing strategies to recoup tariff costs while maintaining market share [58][62]