SUPERIOR GROUP OF COMPANIES INC

For the period ended Jun 30, 2024. Filed Aug 6, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 6, 2024

SGC$13.36+5.9%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Balance Sheets (Unaudited)

SUPERIOR GROUP OF COMPANIES, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except shares and par value data)

	June 30,	December 31,
	2024	2023
(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$13,374	$19,896
Accounts receivable, less allowance for doubtful accounts of $3,591 and $4,237, respectively	92,628	103,494
Inventories	93,031	98,067
Contract assets	53,027	48,715
Prepaid expenses and other current assets	10,197	9,188
Total current assets	262,257	279,360
Property, plant and equipment, net	44,267	46,890
Operating lease right-of-use assets	16,774	17,909
Deferred tax asset	12,341	12,356
Intangible assets, net	49,125	51,160
Other assets	15,558	14,775
Total assets	$400,322	$422,450
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$46,949	$50,520
Other current liabilities	39,336	43,978
Current portion of long-term debt	5,625	4,688
Current portion of acquisition-related contingent liabilities	1,026	1,403
Total current liabilities	92,936	100,589
Long-term debt	72,100	88,789
Long-term pension liability	13,439	13,284
Long-term acquisition-related contingent liabilities	673	557
Long-term operating lease liabilities	11,655	12,809
Other long-term liabilities	8,609	8,784
Total liabilities	199,412	224,812
Commitments and contingencies (Note 5)
Shareholders’ equity:
Preferred stock, $.001 par value - authorized 300,000 shares (none issued)	-	-
Common stock, $.001 par value - authorized 50,000,000 shares, issued and outstanding 16,792,577 and 16,564,712 shares, respectively	16	16
Additional paid-in capital	82,759	77,443
Retained earnings	122,106	122,464
Accumulated other comprehensive loss, net of tax:
Pensions	(1,077)	(1,122)
Foreign currency translation adjustment	(2,894)	(1,163)
Total shareholders’ equity	200,910	197,638
Total liabilities and shareholders’ equity	$400,322	$422,450

See accompanying Notes to the Condensed Consolidated Financial Statements.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.