Superior Group of Companies Inc 2025年季度报告

PARTI. FINANCIAL INFORMATIONItem 1. Financial StatementsConsolidated Statements of Comprehensive Income (Unaudited) Consolidated Statements of Cash Flows (Unaudited)Condensed Notes to theConsolidated Financial Statements (Unaudited) PARTII. OTHER INFORMATIONItem 1. Legal Proceedings Net (loss) incomeAdjustments to reconcile net (loss) income to net cash provided by operating activities: Change in fair value of acquisition-related contingent liabilitiesChange in fair value of written put options Other, netChanges in assets and liabilities, net of acquisition of a business: Accounts receivable2,607Contract assets1,069Inventories(2,191)Prepaid expenses and other current assets749Other assets113Accounts payable and other current liabilities(8,362) Long-term pension liability110Other long-term liabilities(757)Net cash (used in) provided by operating activities(1,988)CASH FLOWS FROM INVESTING ACTIVITIES CASH FLOWS FROM FINANCING ACTIVITIESBorrowings under revolving lines of credit19,000Payments under revolving lines of credit(8,000)Payments of term loan(1,406) Proceeds received on exercise of stock options and shares withheld for taxes87Common shares repurchased and retired(3,777)Net cash provided by (used in) financing activities3,624 Effect of currency exchange rates on cashNet increase in cash and cash equivalents Cash and cash equivalents balance, beginning of period18,766Cash and cash equivalents balance, end of period$19,757$See accompanying Condensed Notes to theConsolidated Financial Statements.7 NOTE1– Description of Business and Basis of Presentation:Description of business Uniform Group, Inc. and redomiciledto Florida. Effective onMay 3, 2018,Superior Uniform Group, Inc. changed its name to Superior Group ofCompanies, Inc. Superior’s Branded Products segment, primarily through its signature marketing brands BAMKO® and HPI®, produces and sells customized merchandising solutions, promotional products and branded uniform programs. Branded products are manufactured throughthirdparties or inSuperior’s own facilities, and are sold to customers in a wide range of industries, including retail chain, food service, entertainment, technology,transportation and other industries. The segment currently has sales offices or operations in the United States, Canada and Brazil, with support servicesin China and India.Superior’s Healthcare Apparel segment, primarily through its signature marketing brands Fashion Seal Healthcare®, Wink® and CID Resources,manufactures (throughthirdparties or in its own facilities) and sells a wide range of healthcare apparel, such as scrubs, lab coats, protective apparel andpatient apparel. This segment sells its productsto healthcare laundries, dealers, distributors,retailers and consumers primarily in the UnitedStates. Basis of presentationThe accompanying unaudited consolidated financial statements of Superior included herein have been prepared in accordance with generally acceptedaccounting principles in the United States of America ("GAAP") and the rules and regulations of the Securities and Exchange Commission (the "SEC").Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally position, results of operations and cash flows for the periods indicated. The results of operations for any interim period arenotnecessarily indicative ofresults to be expected for the full year. income,”“balance sheets,”“statements of shareholders’ equity,”and “statements of cash flows” herein. Reclassifications The accompanying financial statements for the prior year period contain certain reclassifications. Reclassifications only impact items within ourstatements of comprehensive income, our statements of shareholders' equity, our statements of cash flows and Note7Inventories. These reclassificationsdidnothave an effect on the Company’s consolidated results of operations, financial position or cash flows for the quarterendedMarch 31, 2025. ASU are required to be adopted for fiscal years beginning afterDecember 15, 2024,which for the Company is the calendar year beginningJanuary 1,2025.Early adoption is permitted for annual financial statements that havenotyet been issued. The amendments should be applied on a prospectivebasis although retrospective application is permitted. The adoption of this guidance willnotaffect the Company’s consolidated results of operations,financial position or cash flows and the Company is currently evaluating the effect the guidance will have on its disclosures. solutions, promotional products and branded uniform programs. Branded products are sold to customers in a wide range of industries, including retailchain, food service, entertainment, technology, transportation and other industries.The segment currently has sales offices in the United States andBrazil, with support services in China and India.Healthcare Apparel segment:Primarily through our signature marketing b