Superior Group of Companies Inc. 2026年季度报告

Financial Statements Consolidated Statements of Comprehensive Income (Unaudited)Consolidated Balance Sheets (Unaudited)Consolidated Statements of Shareholders’ Equity (Unaudited)Consolidated Statements of Cash Flows (Unaudited)Condensed Notes to the Consolidated Financial Statements (Unaudited)Note1 - Description of Business and Basis of PresentationNote 2 - Operating Segment InformationNote 3 - Net SalesNote 4 - Net Income Per ShareNote 5 - Long-Term DebtNote 6 - Contingencies and Geographic Supply ConsiderationsNote 7 - InventoriesNote 8 - Income TaxesNote 9 - Other Information SUPERIOR GROUP OF COMPANIES, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME SUPERIOR GROUP OF COMPANIES, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS Table of Contents Superior Group of Companies, Inc. and SubsidiariesCondensed Notes to the Consolidated Financial Statements (Unaudited) NOTE 1 – Description of Business and Basis of Presentation: Description of business Superior Group of Companies, Inc. (together with its subsidiaries, “the Company,” “Superior,” “we,” “our,” or “us”) was organized in 1920 and wasincorporated in 1922 as a New York company under the name Superior Surgical Mfg. Co., Inc. In 1998, the Company changed its name to SuperiorUniform Group, Inc. and redomiciledto Florida. Effective on May 3, 2018, Superior Uniform Group, Inc. changed its name to Superior Group of Superior’s Branded Products segment, primarily through its signature marketing brands BAMKO® and HPI®, produces and sells customizedmerchandising solutions, promotional products and branded uniform programs. Branded products are manufactured through third parties or in Superior’sown facilities, and are sold to customers in a wide range of industries, including retail chain, food service, entertainment, technology, transportation and Superior’s Healthcare Apparel segment, primarily through its portfolio ofbrands Wink®, Fashion Seal Healthcare®, its trade name CID Resources andour license of Carhartt Medical, manufactures (through third parties or in its own facilities) and sells a wide range of healthcare apparel, such as scrubs,lab coats, protective apparel and patient apparel. This segment sells its productsto healthcare laundries, dealers, distributors,retailers and consumers Superior’s Contact Centerssegment, through multiple The Office Gurus® entities, including subsidiaries in El Salvador, Belize, Dominican Republic,the United States and in Jamaica until its closure on June 15, 2025, provides outsourced, nearshore business process outsourcing, contact and call-center Basis of presentation The 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 generallyaccepted in the United States of America have been condensed or omitted pursuant to such rules and regulations. Intercompany items have been The Company refersto the consolidated financial statements collectively as “financial statements,” and individually as “statements of comprehensiveincome,”“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 impact items within our statements ofcash flows. These reclassifications did not have an effect on the Company’s consolidated results of operations, financial position or cash flows for the Recently Adopted Accounting Pronouncements In July 2025, the FASB issued ASU 2025-05,"Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for AccountsReceivable and Contract Assets". The FASB issued ASU 2025-05 to simplify the application of the current expected credit loss (CECL) model to short-term receivables and contract assets under ASC 606. The amendments introduce a practical expedient (available to all entities) that allows companies toassume current conditions as of the balance sheet date remain unchanged for the life of the asset, removing the need to incorporate complexmacroeconomic forecasts for short-term assets. The scope includes current accounts receivable and contract assets arising from Topic 606, including Recently Issued Accounting Pronouncements Not Yet Adopted In November 2024, the FASB issued ASU2024-03, “Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures(Subtopic 220-40): Disaggregation of Income Statement Expenses."The ASU requires the disclosure of additional information about specific categoriesof costs and expenses in the notes to the consolidated financial statements. This guidance is effec