superior uniform group inc (SGC) Key Developments
Superior Uniform Group Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
Feb 20 14
Superior Uniform Group Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. Net earnings for the fourth quarter ended December 31, 2013 were $1,675,000 or $0.25 per share (diluted) on net sales of $45,473,000 compared to net earnings of $485,000 or $0.08 per share (diluted) on net sales of $31,044,000 reported for the fourth quarter ended December 31, 2012. Income before taxes on income was $2,545,000 against $825,000 reported last year.
The company announced that for the year ended December 31, 2013, net sales increased 26.8% to $151,496,000, compared to 2012 net sales of $119,486,000. Net earnings for the year were $5,850,000 or $0.92 per share (diluted) compared to $3,031,000 or $0.49 per share (diluted) reported last year. Income before taxes on income was $8,490,000 against $4,621,000 reported last year.
Superior Uniform Group Mulls Acquisitions
Feb 20 14
Superior Uniform Group Inc. (NasdaqGM:SGC) is seeking acquisitions. Michael Benstock, Chief Executive Officer of Superior Uniform Group said, "We remain in a very strong financial condition and are happy to be in a position that allows us to continue to pursue additional strategic acquisitions and to make the other investments in our future that will allow us to deliver even more robust results."
Superior Uniform Group Inc. Appoints Todd E. Siegel as Director
Feb 11 14
The Board of Directors of Superior Uniform Group Inc. announced that, effective February 7, 2014, Mr. Todd E. Siegel has been appointed by the Board of Directors to be a Director of the company. Mr. Siegel will be one of four independent directors serving on the Board. Mr. Siegel is the former president and chief executive officer of MTS Medication Technologies Inc. (MTS), having served in both of those capacities from 1993-2012. In those roles, he was responsible for all strategic and operational activities of MTS. Mr. Siegel also was a director of MTS from 1985-2009 and chairman of its board of directors from 1993-2009. Mr. Siegel previously held sales and national sales management positions with AMI Diagnostic Service and Chamberlin Corporation. Mr. Siegel is a lifetime member of the American Society of Consultant Pharmacists (ASCP) and a member of the World President's Organization. Siegel's non-profit work includes The Pediatric Cancer Foundation, Pinellas County Education Foundation - Doorways Program, Temple B'nai Israel, JCC Suncoast, and Menorah Manor Nursing Home Foundation.
Superior Uniform Group Declares Quarterly Dividend, Payable on March 3, 2014
Feb 7 14
Superior Uniform Group Inc. declared a quarterly dividend of $0.135 per share, payable March 3, 2014 to shareholders of record February 19, 2014.
Superior Uniform Group Inc. Promotes David Schechter as Vice President of Customer Engagement
Nov 19 13
Superior Uniform Group® Inc. announced that the Board of Directors has unanimously approved the promotion of David Schechter to Vice President of Customer Engagement. With this promotion, Schechter will offer prospects and customers technology-appropriate, cost-effective and efficient solutions. His responsibilities will cross all verticals of the Company, including Fashion Seal Healthcare®, Superior Uniform Group®, HPI Direct, The Office Gurus® and power3web™ .