secwatch.observer — SEC 8-K summary
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Issuer:     SUPERIOR GROUP OF COMPANIES, INC. (SGC)
CIK:        0000095574
Form:       8-K
Filed at:   2022-03-09T23:59:59+00:00
Accession:  0001437749-22-005624
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.0
LLM model:  deepseek-v4-flash:cloud@v2

Superior Group Q4 EPS $0.25 vs $0.79; FY EPS $1.69; core sales up 28% in Q4, 26% annual
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/95574/000143774922005624/0001437749-22-005624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/95574/000143774922005624/sgc20220308_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-005624

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer