Superior Group of Companies Reports Fourth Quarter 2024 Financial Results

Superior Group of Companies (NASDAQ: SGC) has released its financial performance for the fourth quarter of 2024, revealing a mixed financial landscape with slight declines across key metrics.

Financial Highlights:

• Total net sales reached $145.4 million, a modest decrease from $147.2 million in the same quarter last year
• Net income decreased to $2.1 million, compared to $3.6 million in the prior year's fourth quarter
• EBITDA declined to $7.3 million, down from $9.9 million in the previous year's corresponding period

Strategic Developments:

In response to the current financial environment, the Company's Board of Directors has approved an additional stock repurchase plan, demonstrating confidence in the company's future potential.

Future Outlook:

The company has provided a full-year financial outlook, signaling strategic planning and transparency for investors and stakeholders.

Announcement Date: March 11, 2025
Location: St. Petersburg, Florida

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