Superior Group of Companies, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 15, 2023 at 04:18 pm EDT
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Superior Group of Companies, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 148.61 million compared to USD 142.03 million a year ago. Net income was USD 2.19 million compared to USD 4.39 million a year ago. Basic earnings per share from continuing operations was USD 0.14 compared to USD 0.28 a year ago. Diluted earnings per share from continuing operations was USD 0.14 compared to USD 0.27 a year ago.
For the full year, the company reported sales was USD 578.83 million compared to USD 536.99 million a year ago. Net loss was USD 31.97 million compared to net income of USD 29.44 million a year ago. Diluted loss per share from continuing operations was USD 2.03 compared to diluted earnings per share from continuing operations of USD 1.83 a year ago.
Superior Group of Companies, Inc. is engaged in producing and manufacturing and selling a wide range of promotional products and branded uniforms. The Company operates through three segments: Branded Products, Healthcare Apparel, and Contact Centers. The Branded Products segment, through its brands BAMKO and HPI, produces and sells customized merchandising solutions, promotional products, and branded uniform programs. The Healthcare Apparel segment, primarily through its brands Fashion Seal Healthcare and WonderWink, manufactures and sells a wide range of healthcare apparel, such as scrubs, lab coats, protective apparel, and patient gowns. The Contact Centers segment, through multiple The Office Gurus entities, including subsidiaries in El Salvador, Belize, Jamaica, Dominican Republic, and the United States, provides outsourced, nearshore business process outsourcing, contact and call-center support services to North American customers.