secwatch.observer — SEC 8-K summary
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Issuer:     SUPERIOR GROUP OF COMPANIES, INC. (SGC)
CIK:        0000095574
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001437749-23-030398
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 9.0
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/95574/000143774923030398/0001437749-23-030398-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/95574/000143774923030398/sgc20230816_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-030398

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