secwatch.observer — SEC 8-K summary
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Issuer:     SUPERIOR GROUP OF COMPANIES, INC. (SGC)
CIK:        0000095574
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001437749-23-022329
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.0
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/95574/000143774923022329/0001437749-23-022329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/95574/000143774923022329/sgc20230519_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-022329

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