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Stock impact report

Superior Group of Companies, Inc. Reports Operating Results for the First Quarter Ended March 31, 2020

Superior Group of Companies, Inc. (SGC) 
Last superior group of companies, inc. earnings: 4/30 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.superioruniformgroup.com
Company Research Source: GlobeNewswire
Net Sales increased 8.9 percentEarnings per Share (Diluted) increased 37.5% SEMINOLE, Fla., April 30, 2020 (GLOBE NEWSWIRE) -- Superior Group of Companies, Inc. (NASDAQ: SGC), today announced its first quarter operating results for 2020. The Company announced that for the first quarter ended March 31, 2020, net sales increased 8.9 percent to $94.2 million, compared to first quarter 2019 net sales of $86.6 million. Pretax Income was $4.6 million compared to $3.0 million in 2019. Net income was $3.4 million or $0.22 per diluted share compared to $2.4 million or $0.16 per diluted share for the first quarter of 2019.   Michael Benstock, Chief Executive Officer, commented, “Under normal circumstances, this earnings release would talk about how pleased we are to report the strong operating results that we had in the first quarter with sales up nicely at 8.9% and earnings per share up 37.5% as we continue to execute against our long-term growth strategies.  However, these are not normal Show less Read more
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