Superior Group of Companies, Inc. (SGC) Financial Statements (2024 and earlier)

Company Profile

Business Address 200 CENTRAL AVENUE, SUITE 2000
ST. PETERSBURG, FL 33701
State of Incorp. FL
Fiscal Year End December 31
Industry (SIC) 23 - Apparel And Other Finished Products Made From Fabrics And Similar Materials (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17,7228,9355,1729,0385,3628,130
Cash and cash equivalents17,7228,9355,1729,0385,3628,130
Receivables104,813107,053101,90279,74664,01750,569
Inventory, net of allowances, customer advances and progress billings124,976120,55589,76673,37967,30164,979
Inventory124,976120,55589,76673,37967,30164,979
Prepaid expense 2,0002,4001,500   
Contract with customer, asset, after allowance for credit loss52,98038,01839,23138,53349,236
Other undisclosed current assets15,49222,30810,88611,01711,29612,859
Total current assets:317,983299,269248,457211,713197,212136,537
Noncurrent Assets
Operating lease, right-of-use asset9,1138,2463,8265,445
Property, plant and equipment51,39249,69036,64432,82528,76926,844
Intangible assets, net (including goodwill)55,75399,85494,86298,828100,27345,093
Goodwill  39,43436,11636,29233,96116,032
Intangible assets, net (excluding goodwill)55,75360,42058,74662,53666,31229,061
Other noncurrent assets11,98213,18610,13510,1228,8327,564
Deferred tax assets, net 2,900
Other undisclosed noncurrent assets10,718     
Total noncurrent assets:138,958170,976145,467147,220137,87482,401
TOTAL ASSETS:456,941470,245393,924358,933335,086218,938
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities42,06052,34039,32733,27124,68519,752
Accounts payable42,06052,34039,32733,27124,68519,752
Debt3,75015,28615,28615,2866,0006,000
Business combination, contingent consideration, liability7364,5075,5891,9059413,061
Other liabilities38,64638,98944,67018,89414,76712,409
Total current liabilities:85,192111,122104,87269,35646,39341,222
Noncurrent Liabilities
Long-term debt and lease obligation151,567104,57473,971106,383111,52232,933
Long-term debt, excluding current maturities151,567100,84572,372104,003111,52232,933
Liabilities, other than long-term debt, including:27,58327,55923,45125,6403,6484,213
Deferred tax liabilities, net8,475 
Deferred income tax liabilities  3594507,042
Liability, pension and other postretirement and postemployment benefits12,86415,42014,57410,2538,7058,319
Other liabilities8,5389,2116,5354,922  
Operating lease, liability3,9363,7291,5992,380
Business combination, contingent consideration, liability2,2452,5691,8923,4235,4227,283
Other undisclosed liabilities, other than long-term debt     (18,954)(11,389)
Total noncurrent liabilities:179,150132,13397,422132,023115,17037,146
Total liabilities:264,342243,255202,294201,379161,56378,368
Equity
Equity, attributable to parent, including:192,599226,990191,630157,554150,921124,968
Common stock161615151515
Additional paid in capital72,61569,35161,84457,44255,85949,103
Accumulated other comprehensive loss(3,011)(6,213)(12,270)(7,575)(8,098)(7,279)
Retained earnings122,979163,836141,972107,581103,03283,129
Other undisclosed equity, attributable to parent   6991113 
Total equity:192,599226,990191,630157,554150,921124,968
Other undisclosed liabilities and equity     22,60215,602
TOTAL LIABILITIES AND EQUITY:456,941470,245393,924358,933335,086218,938

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues578,831536,986526,697376,701346,350266,814
Revenue, net266,814
Cost of revenue
(Cost of Goods and Services Sold)
(385,472)(350,972)(337,932)(247,772)(224,653)(170,462)
Gross profit:193,359186,014188,765128,929121,69796,352
Operating expenses(222,238)(142,060)(136,515)(107,282)(96,710)(71,816)
Operating income (loss):(28,879)43,95452,25021,64724,98724,536
Nonoperating expense
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
(2,116)(1,786)(955)(1,962)(385) 
Interest and debt expense(4,894)(1,220)(2,003)(4,399)(3,207)(802)
Other undisclosed income from continuing operations before equity method investments, income taxes      1,048
Income (loss) from continuing operations before equity method investments, income taxes:(35,889)40,94849,29215,28621,39524,782
Other undisclosed income (loss) from continuing operations before income taxes(2,146)(7,821)2,164   
Income (loss) from continuing operations before income taxes:(38,035)33,12751,45615,28621,39524,782
Income tax expense (benefit)6,065(3,687)(10,430)(3,220)(4,420)(9,760)
Income (loss) from continuing operations:(31,970)29,44041,02612,06616,97515,022
Income before gain (loss) on sale of properties:29,44041,02612,06616,97515,022
Net income (loss) available to common stockholders, diluted:(31,970)29,44041,02612,06616,97515,022

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(31,970)29,44041,02612,06616,97515,022
Other comprehensive income (loss)   705118(66) 
Comprehensive income (loss):(31,970)29,44041,73112,18416,90915,022
Other undisclosed comprehensive income (loss), net of tax, attributable to parent3,2025,988(5,422)383(640)(1,115)
Comprehensive income (loss), net of tax, attributable to parent:(28,768)35,42836,30912,56716,26913,907

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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