superior uniform group inc (SGC) Key Developments
Superior Uniform Group Inc. Promotes Andrew D. Demott to Chief Operating Officer
May 5 15
The Board of Directors of Superior Uniform Group Inc. announced that, effective May 1, 2015, Mr. Andrew D. Demott, Jr. has been promoted by the Board of Directors to Chief Operating Officer of the Company. Mr. Demott will continue to serve as the Company's Chief Financial Officer and Treasurer. Mr. Demott previously served as the Company's Executive Vice President, Chief Financial Officer, and Treasurer since May 5, 2010. He formerly served as Senior Vice President, Chief Financial Officer, and Treasurer of the Company since February 8, 2002 and, prior to that, as Vice President, Chief Financial Officer, and Treasurer of the Company since June 15, 1998.
Superior Uniform Group Inc. Announces Management Appointments
May 4 15
Superior Uniform Group Inc. announced effective May 1, 2015, the promotion of Peter Benstock to president, Fashion Seal Healthcare - Direct and David Schechter to president, Superior I.D. Peter Benstock will continue to serve as executive vice president of Superior Uniform Group, a role he has held since February 2002. Benstock has been with Superior Uniform Group since 1983. Schechter will continue to serve as the company’s vice president of marketing, a role he has held since July 2014. Schechter originally joined Superior Uniform Group in 1984.
Superior Uniform Group, Inc. Declares Quarterly Dividend, Payable May 26, 2015
May 1 15
The Board of Directors of Superior Uniform Group Inc. declared a quarterly dividend of $0.075 per share, payable May 26, 2015, to shareholders of record May 13, 2015.
Superior Uniform Group, Inc Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
Apr 22 15
Superior Uniform Group Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $46,347,000 compared $41,027,000 a year ago. Income before taxes on income was $3,223,000 against $1,878,000 a year ago. Net income was $2,043,000 against $1,218,000 a year ago. Net income per diluted share was $0.14 against $0.09 a year ago. Net cash used in operating activities was $1,114,000 compared with $7,257,000 a year ago. Additions to property, plant and equipment was $906,000 compared with $809,000 a year ago.
Superior Uniform Eyes Acquisitions
Apr 22 15
Superior Uniform Group Inc. (NasdaqGM:SGC) is looking for acquisitions. Michael Benstock, Chief Executive Officer, commented, "We are very pleased to report a 13 percent increase in our net sales, all from organic growth. We have continued to see positive results from our growth strategies discussed in our year-end earnings release. Market and economic trends remain favorable. We continue to leverage our operating structure with the significant growth in net sales and as a result, we reported a 67.7 percent increase in net income for the first quarter of 2015 as compared to the same period in 2014.Our financial position remains very strong and we remain committed to actively pursuing accretive acquisitions to supplement our strong organic growth in net sales."