Superior Group reports Q4 EPS (6c), consensus 10c

Reports Q4 revenue $148.61M, consensus $143.9M. "We generated solid fourth quarter sales results at the high end of our guidance despite the still subdued economic backdrop, generating year-over-year growth in both our Branded Products and Contact Center segments, while the Healthcare Apparel market remained soft," said Michael Benstock, CEO. "Despite the incremental inventory write-down for Healthcare Apparel, SGC generated positive adjusted EBITDA. Looking ahead to 2023, we are optimistic that business conditions should gradually improve throughout the year for Healthcare Apparel and momentum will build during the year for Branded Products. Contact Centers will continue producing double digit top line growth. The end result should be solid full-year financial performance for SGC, driven by significant growth in the back half of the year. Our proven strategy is to tap into the emerging opportunities across all three of our diversified businesses, while maintaining focus on driving free cash flow, improving our net leverage position and prudently investing in longer-term growth opportunities. Our Board’s latest quarterly dividend approval reflects our favorable growth prospects as our entire team strives to enhance long-term shareholder value."