Acquisition helps Superior


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  • | 6:08 p.m. July 23, 2010
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A 2009 acquisition helped raise net sales for Superior Uniform Group Inc. (symbol: SGC), and better efficiency helped profit margins increase, as well.

The company posted $26.63 million in net sales in the recently concluded quarter, a 7% year-over-year gain. In a release, CEO Michael Benstock explained that the company's purchase of Blade Sportswear in late 2009 contributed to the increase.

Gains in earnings per share were even sharper, up 42% from last year's total, from $0.12 in 2009 to $0.17 this year. Benstock said there was more to the increase than help from Blade.

 

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