secwatch.observer — SEC 8-K summary
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Issuer:     SUPERIOR GROUP OF COMPANIES, INC. (SGC)
CIK:        0000095574
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0001437749-22-019377
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.0
LLM model:  deepseek-v4-flash:cloud@v2

SGC Q2 net loss $26.7M on $147.9M revenue; $30.1M impairment charges
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- Net sales $147.9M (+13% YoY); net loss ($26.7M) or ($1.70)/diluted vs income $6.4M ($0.40).
- Non-cash impairment charges: $24.5M goodwill, $5.6M tradenames ($30.1M pre-tax).
- Adjusted net income $1.3M ($0.08/diluted); Healthcare Apparel sales fell to $26M from $37M.
- Branded Products +29%, Contact Centers +37%; company targeting $8M annualized cost savings.
- Leadership: Catherine Beldotti Donlan (Healthcare Apparel), Mike Koempel (CFO); three-segment realignment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/95574/000143774922019377/0001437749-22-019377-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/95574/000143774922019377/sgc20220519_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-019377

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