Superior Group Q4 net income up to $3.6M, EPS $0.22; guides FY24 sales $558-568M

SUPERIOR GROUP OF COMPANIES, INC.

Net sales $147.2M, down 0.9% YoY; net income $3.6M vs $2.2M in prior year Q4.
Diluted EPS $0.22 vs $0.14; adjusted EPS $0.22 vs -$0.06 excluding prior year gain.
EBITDA $9.9M vs adjusted $3.5M in prior year Q4.
FY2024 guidance: sales $558-568M (vs $543M in 2023), EPS $0.61-0.68 (vs adj. $0.54).
CEO cites sequential improvement, strong retention, and new client wins.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SUPERIOR GROUP OF COMPANIES, INC. reported the fourth quarter ended December 31, 2023 results: revenue $147.2 million, net income $3.6 million, EPS $0.22 per diluted share. Guidance initiated.

Period: the fourth quarter ended December 31, 2023
Revenue: $147.2 million
Net income: $3.6 million
EPS: $0.22 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

EXHIBIT 99.1 ex_601124.htm Exhibit 99.1 FOR IMMEDIATE RELEASE A NASDAQ Listed Company: SGC SUPERIOR GROUP OF COMPANIES REPORTS FOURTH QUARTER RESULTS – Total net sales of $147.2 million versus $148.6 million in prior year fourth quarter – – Net income of $3.6 million versus net income of $2.2 million in prior year fourth quarter – – EBITDA of $9.9 million versus

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Source: SEC EDGAR

accession 0001437749-24-007629

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