This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Superior Uniform Group Announces Third Quarter Operating Results

  • 10% Increase in Earnings per Share for the Quarter
  • 100% Increase in Earnings per Share Year to Date

SEMINOLE, Fla., Oct. 21, 2010 (GLOBE NEWSWIRE) -- Superior Uniform Group, Inc. (Nasdaq:SGC), manufacturer of uniforms, career apparel and accessories, today announced that for the third quarter ended September 30, 2010, net sales were $27,301,355 compared with 2009 third quarter net sales of $27,605,397. Net earnings were $1,372,088 or $.23 per common share (diluted), compared with net earnings of $1,256,954 or $.21 per common share (diluted) in the 2009 third quarter. 

For the nine months ended September 30, 2010, net sales were $79,910,378, compared with net sales of $76,293,014 in the nine months ended September 30, 2009. Net earnings for the nine months ended September 30, 2010 were $2,863,475 or $.48 per share (diluted), versus earnings of $1,455,281 or $.24 per share (diluted) in the first nine months of 2009.    

Michael Benstock, Chief Executive Officer, commented: "We are pleased to continue to report improved operating results in the current period despite the continued sluggish economy. While net sales were down slightly in the current quarter compared to the prior year quarter, it was the highest quarter in net sales for the last year.   Earnings per share for the quarter increased by 10% in comparison to the prior year quarter and earnings per share for the first nine months of 2010 increased 100% in comparison with the first nine months of 2009. 

"We continue to aggressively pursue new business opportunities in the marketplace in order to strengthen our market position. Our balance sheet positions us to continue to be able to do this and allows us to pursue strategic acquisitions despite the current economic environment."

ABOUT SUPERIOR

Superior Uniform Group, Inc., established in 1920, is one of America's foremost providers of fine uniforms and image apparel. Superior manages award-winning apparel programs for major corporations. They are leaders in innovative uniform program designs, global manufacturing, and state-of-the-art distribution.   Superior, through their subsidiary "The Office Gurus" is also a near-shore premium provider of cost effective bilingual contact center and office solutions.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs