SUPERIOR GROUP OF COMPANIES INC
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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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.
Sep 30, 2024 · Filed Nov 7, 2024
SGC$13.44+1.0%Stored close · as of Nov 6, 2026
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)
| September 30, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| (Unaudited) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $18,373 | $19,896 |
| Accounts receivable, less allowance for doubtful accounts of $3,836 and $4,237, respectively | 98,822 | 103,494 |
| Inventories | 93,771 | 98,067 |
| Contract assets | 50,326 | 48,715 |
| Prepaid expenses and other current assets | 10,177 | 9,188 |
| Total current assets | 271,469 | 279,360 |
| Property, plant and equipment, net | 42,859 | 46,890 |
| Operating lease right-of-use assets | 16,282 | 17,909 |
| Deferred tax asset | 12,333 | 12,356 |
| Intangible assets, net | 47,959 | 51,160 |
| Other assets | 16,448 | 14,775 |
| Total assets | $407,350 | $422,450 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $46,292 | $50,520 |
| Other current liabilities | 42,381 | 43,978 |
| Current portion of long-term debt | 5,625 | 4,688 |
| Current portion of acquisition-related contingent liabilities | 740 | 1,403 |
| Total current liabilities | 95,038 | 100,589 |
| Long-term debt | 78,755 | 88,789 |
| Long-term pension liability | 13,517 | 13,284 |
| Long-term acquisition-related contingent liabilities | - | 557 |
| Long-term operating lease liabilities | 11,295 | 12,809 |
| Other long-term liabilities | 9,236 | 8,784 |
| Total liabilities | 207,841 | 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 16,331,962 and 16,564,712 shares, respectively | 16 | 16 |
| Additional paid-in capital | 81,859 | 77,443 |
| Retained earnings | 121,052 | 122,464 |
| Accumulated other comprehensive loss, net of tax: | ||
| Pensions | (1,054) | (1,122) |
| Foreign currency translation adjustment | (2,364) | (1,163) |
| Total shareholders’ equity | 199,509 | 197,638 |
| Total liabilities and shareholders’ equity | $407,350 | $422,450 |
See accompanying Notes to the Condensed Consolidated Financial Statements.
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