Superior Group of Companies, Inc. (SGC) Q3 2025 Earnings Call Transcript
Consolidated Revenue $138 million, down 7% year-over-year. The decline was attributed to a significant pull forward of branded product revenues into the second quarter and a very robust quarter 1 year ago.
Branded Products Revenue $85 million, down from $93 million year-over-year (8% decline). The decline was due to $8 million in timing of orders delivered in the prior quarter to navigate the tariff environment, lower sales volume, and pricing related to certain customers. However, a $2.9 million increase was noted from revenue generated by 3 Point following the acquisition in December 2024.
Healthcare Apparel Revenue $32 million, a 5% decline year-over-year. The decline was due to lower volume with certain customers caused by heightened wholesale and retail customer uncertainty.
Contact Center Revenue $23 million, down 9% year-over-year. The decline was due to downsizing and loss of existing customers outweighing new customer growth, as prospective customers were slow to commit due to economic uncertainties.
Gross Margin 38.3%, down from 40.4% year-over-year. The decline was attributed to customer sales mix and product cost reductions in the prior year.
SG&A Expenses $48 million, reduced by $4 million year-over-year. The reduction was driven by lower employee-related costs, cost reductions initiated in the second quarter, and a credit loss reserve recognized in the contact center segment in the year-ago quarter.
EBITDA $7.5 million, down from $11.7 million year-over-year. The decline was due to lower sales and gross margin.
Net Interest Expense $1.4 million, improved from $1.6 million year-over-year. The improvement was due to a lower weighted average interest rate.
Net Income $2.7 million, down from $5.4 million year-over-year. The decline was due to lower sales and gross margin.
Earnings Per Diluted Share $0.18, down from $0.33 year-over-year. The decline was due to lower net income.
Cash and Cash Equivalents $17 million as of the end of September, contributing to over $100 million of liquidity when combined with the available capacity under the revolving credit facility.
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Transcript of Earnings Call for Superior Group SGC
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