Superior Group Reports Q3 2026 Revenue Growth Amidst Healthcare Apparel Restructuring
Superior Group (SGC) reported third-quarter revenue of $146.0 million, a 5% increase year-over-year, driven primarily by strong performance in its Branded Products and Contact Centers segments. While Branded Products saw an 8% revenue rise and improved margins, the Healthcare Apparel segment faced challenges, including a 3% revenue decline and significant margin compression due to a $4 million inventory write-down and credit loss charges. Despite these headwinds in the apparel division, the company demonstrated improved cash flow and debt management. Superior Group successfully acquired Select VoiceCom for approximately $27 million and extended its credit facility to $200 million. Management tightened full-year sales guidance while maintaining optimistic adjusted EPS growth projections, signaling a focus on streamlining operations and optimizing product assortments through 2027.
Tickers: $SGC
Topics: Acquisition EPS Miss Inventory Write-down Revenue Growth
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