earnings
confidence high
sentiment negative
materiality 0.75
Superior Group Q4 EPS $0.25 vs $0.79; FY EPS $1.69; core sales up 28% in Q4, 26% annual
SUPERIOR GROUP OF COMPANIES, INC.
- FY2021 net sales $537.0M (+2.0%); net income $27.2M ($1.69 diluted EPS) vs $41.0M ($2.65).
- Q4 net sales $142.0M (-2.3%); net income $4.0M ($0.25 EPS) vs $12.5M ($0.79).
- Core business up: ex-PPE Q4 sales +28%, FY +26%; BAMKO +41% Q4, Office Gurus +45% Q4.
- PPE sales fell to $38.6M from $131.2M; inventory write-downs of $2.0M in 2021 ($1.6M in Q4).
- Noncash pension termination charge $7.8M ($0.45/share) reduced FY net income.