Superior Uniform Group (SGC) Reports In-Line Q2 EPS, Revenues Miss

Superior Uniform Group (NASDAQ: SGC) reported Q2 EPS of $0.25, in-line with the analyst estimate of $0.25. Revenue for the quarter came in at $82.4 million versus the consensus estimate of $86.38 million.

Michael Benstock, Chief Executive Officer, commented, “Over the last year, we completed three acquisitions that have us positioned for significant improvement in our future growth prospects for both net sales and earnings. We are highly focused on successfully integrating these acquisitions to achieve the maximum long-term benefits for the Company and its shareholders. While our current operating results in our Uniform segment and our Promotional segment were lower than anticipated, we remain confident in our long-term outlook and believe our current investments in these segments will provide significant returns for the Company in the future.

“The Office Gurus, our Remote Staffing segment, had another tremendous quarter with net sales to outside customers increasing by $2.3 million, or 50.6 percent, as they continue to land new customers and to grow with existing customers. We are also excited to announce that we have identified Jamaica as the next country for our continued expansion in this segment.”

For earnings history and earnings-related data on Superior Uniform Group (SGC) click here.

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