secwatch.observer — SEC 8-K summary
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Issuer:     SUPERIOR GROUP OF COMPANIES, INC. (SGC)
CIK:        0000095574
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0001437749-22-026190
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.0
LLM model:  deepseek-v4-flash:cloud@v2

Superior Group Q3 net loss $12.7M on $21.5M goodwill impairment; sales up 12.5%
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- Net loss of ($12.7M) or ($0.80)/share vs net income $8.2M ($0.51) a year ago; includes $17.1M after-tax goodwill impairment.
- Adjusted net income (ex-impairment) $4.4M ($0.27/diluted share) vs $8.2M ($0.51); adjusted EBITDA $9.7M vs $12.6M.
- Total sales +12.5% to $138.7M; Branded Products +21%, Contact Center +30%; Healthcare Apparel market soft.
- Board declares $0.14/share dividend payable Dec 2, record Nov 18 (unchanged from prior quarter).
- Full-year 2022 sales guidance narrowed to $570-580M from $575-590M, citing inflation, interest rates, foreign exchange.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/95574/000143774922026190/0001437749-22-026190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/95574/000143774922026190/sgc20220810_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-026190

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