---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-022329"
form_type: "8-K"
ticker: "SGC"
cik: "0000095574"
company_name: "SUPERIOR GROUP OF COMPANIES, INC."
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T05:29:59.945345+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Superior Group Q2 net sales down 12.7% to $129.2M; net income $1.2M vs loss $26.7M YoY; declares $0.14 dividend

## Summary
- Net sales $129.2M, down 12.7% YoY; net income $0.08 per diluted share vs loss $1.70 in prior year.
- Adjusted EBITDA $7.4M vs $4.8M YoY; adjusted EPS $0.08 flat YoY (excluding $28M impairment charges).
- Board declares quarterly dividend of $0.14/share, payable Sept 8 to holders of record Aug 25.
- FY2023 guidance: sales $550-560M (vs $579M in 2022), EPS $0.45-0.55 (vs adjusted $0.62 in 2022).
- CEO cites commitment to free cash flow, debt reduction; expects stronger H2 results.

## SEC filing metadata
- accession: 0001437749-23-022329
- form_type: 8-K
- ticker: SGC
- cik: 0000095574
- company_name: SUPERIOR GROUP OF COMPANIES, INC.
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.0
- EDGAR index: https://www.sec.gov/Archives/edgar/data/95574/000143774923022329/0001437749-23-022329-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/95574/000143774923022329/sgc20230519_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-022329
- JSON: https://secwatch.observer/filing/0001437749-23-022329.json
- Plain text: https://secwatch.observer/filing/0001437749-23-022329.txt

## Key facts
- Earnings Releases
  SUPERIOR GROUP OF COMPANIES, INC. reported full-year 2023 results: revenue $550 million to $560 million, EPS $0.45 to $0.55.
  - Period: full-year 2023
  - Revenue: $550 million to $560 million
  - EPS: $0.45 to $0.55
  - Result: guidance update
  source text: For full-year 2023, the Company is updating its Outlook to include a sales forecast of $550 million to $560 million compared to $579 million in 2022, and an earnings per share forecast of $0.45 to $0.55 compared to $0.62 of adjusted earnings per share in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/95574/000143774923022329/0001437749-23-022329-index.htm
- Earnings Releases
  SUPERIOR GROUP OF COMPANIES, INC. reported second quarter ended June 30, 2023 results: revenue $129.2 million, net income $1.2 million, EPS $0.08 per diluted share. Guidance reaffirmed.
  - Period: second quarter ended June 30, 2023
  - Revenue: $129.2 million
  - Net income: $1.2 million
  - EPS: $0.08 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: --- EX-99.1 2 ex_524146.htm EXHIBIT 99.1 ex_524146.htm Exhibit 99.1 FOR IMMEDIATE RELEASE SUPERIOR GROUP OF COMPANIES REPORTS SECOND QUARTER 2023 RESULTS – Total Net Sales of $129.2 Million versus $147.9 million in Prior Year Second Quarter – – Net Income of $1.2 Million versus ($26.7) Million in Prior Year Second Quarter, which included non-cash after-tax charges
  evidence_url: https://www.sec.gov/Archives/edgar/data/95574/000143774923022329/0001437749-23-022329-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.