Superior Group Q3 net sales $136.1M (-1.9% YoY); net income $3.1M; guides FY sales lower to $538-545M

SUPERIOR GROUP OF COMPANIES, INC.

2023-Q3 EPS reported $0.32 revenue$396,061,000

Net sales $136.1M (-1.9% YoY); net income $3.1M ($0.19 diluted) vs net loss ($12.7M) prior year.
Adjusted net income $3.1M ($0.19) vs $4.4M ($0.27) prior year; adjusted EBITDA $9.3M vs $9.7M.
Board declares $0.14/share quarterly dividend payable Dec 6, record Nov 22.
Full-year sales guidance lowered to $538-545M from $550-560M; EPS guidance narrowed to $0.46-0.53 from $0.45-0.55.
CEO cites strong customer retention and new wins; expects growth when economic uncertainty lifts.

item 2.02 item 7.01 item 9.0

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SUPERIOR GROUP OF COMPANIES, INC. reported the quarter ended September 30, 2023 results: revenue $136.1 million, net income $3.1 million, EPS $0.19 per diluted share. Guidance lowered.

Period: the quarter ended September 30, 2023
Revenue: $136.1 million
Net income: $3.1 million
EPS: $0.19 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

Third Quarter Results For the third quarter ended September 30, 2023 , net sales decreased 1.9% to $136.1 million, compared to third quarter 2022 net sales of $138.7 million. Pretax income was $3.3 million compared to a pretax loss of ($17.0) million in the third quarter of 2022. Net income was $3.1 million or $0.19 per diluted share compared to a net loss of ($12.7) million, or ($0.80) per diluted share for the third quarter of 2022.

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Source: SEC EDGAR

accession 0001437749-23-030398

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