Superior Group of Companies, Inc. Raises Earnings Guidance for the Year 2024
May 07, 2024 at 04:05 pm EDT
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Superior Group of Companies, Inc. announced that the Company is raising its full year 2024 sales outlook to a range of $563 million to $570 million from the prior range of $558 million to $568 million, and versus 2023 sales of $543 million. Also, the Company is raising its full-year earnings per diluted share forecast to a range of $0.73 to $0.79, which reflects improved operating performance, partially offset by incremental stock compensation expense from the May issuance of performance-based stock awards. The updated earnings per diluted share outlook is up from the prior range of $0.61 to $0.68 and compares to $0.54 in 2023.
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.
SUPERIOR GROUP OF COMPANIES, INC. 
