Earnings release
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◆ SGC SUPERIOR GROUP OF COMPANIES A NASDAQ Listed Company : SGC Exhibit 99.1 FOR IMMEDIATE RELEASE SUPERIOR GROUP OF COMPANIES , INC . REPORTS OPERATING RESULTS FOR THE FIRST QUARTER ENDED MARCH 31 , 2021 Compared to the first quarter 2020 : • Net Sales increased 49.4 % • Earnings per Share ( Diluted ) increased 200.0 % • Uniform net sales increased 17.4 % • BAMKO net sales increased 124.9 % The Office Gurus net sales increased 43.2 % SEMINOLE , Fla . - April 28 , 2021 - Superior Group of Companies , Inc. ( NASDAQ : SGC ) , today announced its first quarter operating results for 2021 . The Company announced that for the first quarter ended March 31 , 2021 , net sales increased 49.4 percent to $ 140.8 million , compared to first quarter 2020 net sales of $ 94.2 million . Pretax Income was $ 13.2 million compared to $ 4.6 million in the first quarter of 2020. Net income was $ 10.5 million or $ 0.66 per diluted share compared to $ 3.4 million , or $ 0.22 per diluted share for the first quarter of 2020 . Michael Benstock , Chief Executive Officer , commented , " We are very pleased to report another quarter of exceptional operating results . Our business continues to grow both organically and through strategic acquisitions , even without including the PPE sales related to the pandemic . PPE sales for the first quarter were approximately $ 26.8 million versus $ 1.5 million in the first quarter of 2020. We are continuing to book additional PPE sales , but at a significantly slowing rate . BAMKO delivered another remarkable quarter with net sales growth of almost 125 % , or $ 32.7 million . PPE sales represented $ 14.2 million of this growth . The Office Gurus delivered a record quarter with net sales increasing 43.2 % after intersegment eliminations in the first quarter as compared to the first quarter last year . " While we are optimistic in our outlook , we , along with other companies , are navigating logistical headwinds that originated in shipping ports that are now cascading throughout the transportation and logistics ecosystem . As a result , we ended the quarter with sizable backlogs in both our Uniforms and our Promotional Product segments both with and without including the benefit of PPE . " We remain enthusiastic and dedicated to continuing with our disciplined , long - term approach . It has and we believe will continue to yield sustainable organic growth in both our recurring customer base and with new customers across diverse end markets . We are relentless in our determination to excel , bring higher levels of service to our customers and to create greater shareholder value . "