secwatch.observer — SEC 8-K summary
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Issuer:     SUPERIOR GROUP OF COMPANIES, INC. (SGC)
CIK:        0000095574
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001437749-23-013021
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.0
LLM model:  deepseek-v4-flash:cloud@v2

Superior Group Q1 net sales $130.8M (-9% YoY); net income falls to $0.9M from $5.2M
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- Net sales $130.8M vs $143.6M Q1 2022; net income $0.9M ($0.06 diluted EPS) vs $5.2M ($0.32).
- Contact Centers segment saw strong sales growth >20%; Healthcare Apparel and Branded Products restrained by soft economy.
- Board declared $0.14 dividend payable June 2, 2023 to holders of record May 19, 2023.
- Reaffirmed FY2023 guidance: sales $585M-$595M, EPS $0.92-$0.97.
- EBITDA of $6.9M vs $10.0M prior year; management cites free cash flow focus and reduced net leverage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/95574/000143774923013021/0001437749-23-013021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/95574/000143774923013021/sgc20230126_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-013021

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