secwatch.observer — SEC 8-K summary
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Issuer:     SUPERIOR GROUP OF COMPANIES, INC. (SGC)
CIK:        0000095574
Form:       8-K
Filed at:   2023-03-15T23:59:59+00:00
Accession:  0001437749-23-006706
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.0
LLM model:  deepseek-v4-flash:cloud@v2

Superior Group Q4 net income drops to $2.2M; adjusted net loss of $0.9M; guides 2023 sales $585-595M
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- Net sales $148.6M (+5% YoY); net income $2.2M ($0.14/diluted) vs $4.4M ($0.27) prior year.
- Adjusted net loss ($0.9M) ($0.06/share) vs adjusted net income $5M ($0.31) in Q4 2021.
- Includes $6M pre-tax non-cash inventory write-down in Healthcare Apparel segment.
- Adjusted EBITDA $3.5M vs $8.1M in Q4 2021.
- FY 2023 guidance: sales $585-595M; EPS $0.92-0.97 vs 2022 adjusted EPS $0.62.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/95574/000143774923006706/0001437749-23-006706-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/95574/000143774923006706/sgc20221007_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-006706

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