Superior Group of Companies, Inc. (SGC): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how some companies manage to stay relevant and successful for over a century? Superior Group of Companies, Inc. (SGC), with its history dating back to 1920, has evolved into a diversified company with a strong presence in branded products, healthcare apparel, and contact centers. But how exactly does SGC operate and generate revenue, and what's the secret to their enduring success? Keep reading to discover how SGC leverages its innovative approach and global network to help brands 'do more, be more, and achieve more,' contributing to their impressive $565.68 million in revenue for 2024.

Superior Group of Companies, Inc. (SGC) History

Superior Group of Companies, Inc. Founding Timeline

Year established

The company was initially established in 1920.

Original location

The original location of the company was in Seminole, Oklahoma.

Founding team members

The founder of the company was Theodore Rassieur.

Initial capital/funding

Information about the initial capital or funding for the company's establishment is not readily available.

Superior Group of Companies, Inc.'s Evolution Milestones

Superior Group of Companies, Inc.'s Transformative Moments

Several key decisions and events have shaped the trajectory of Superior Group of Companies, Inc. These moments reflect strategic shifts, adaptations to market dynamics, and efforts to enhance its competitive positioning.

• Diversification and Rebranding: The rebranding to Superior Group of Companies in 2019 was a transformative decision, signaling a move beyond uniforms to a broader range of products and services.
• Strategic Acquisitions: Acquisitions like Fashion Seal Uniforms and HPI Direct, Inc. have expanded the company's market reach and service offerings.
• Market Adaptation: Adapting to changing market needs by expanding into new sectors and service offerings.

For more insights into the company's financial standing, consider reading: Breaking Down Superior Group of Companies, Inc. (SGC) Financial Health: Key Insights for Investors

Superior Group of Companies, Inc. (SGC) Ownership Structure

Superior Group of Companies, Inc. exhibits a mixed ownership structure, combining public shareholders with significant institutional holdings.

Superior Group of Companies, Inc.'s Current Status

Superior Group of Companies, Inc. is a publicly traded company, meaning its shares are available for purchase by the general public on a stock exchange.

Superior Group of Companies, Inc.'s Ownership Breakdown

Understanding the ownership structure of Superior Group of Companies, Inc. provides insights into who has influence over the company's decisions. The following table breaks down the ownership percentages by shareholder type:

Superior Group of Companies, Inc.'s Leadership

The leadership team is crucial for guiding the strategic direction and operational execution of Superior Group of Companies, Inc. Here are some of the key leaders:

• Michael Benstock: Chairman of the Board, Chief Executive Officer
• Andrew D. Demott, Jr.: President, Chief Operating Officer
• Hallie A. Benstock: Vice President, General Counsel and Secretary
• Frank Varas: Executive Vice President and Chief Financial Officer

To learn more about the company's goals and principles, visit Mission Statement, Vision, & Core Values of Superior Group of Companies, Inc. (SGC).

Superior Group of Companies, Inc. (SGC) Mission and Values

The company's mission and values reflect its commitment to providing innovative solutions and exceptional service in the apparel and related industries, while maintaining a strong focus on integrity and social responsibility. These principles guide their operations and contribute to their long-term success and positive impact.

Superior Group of Companies, Inc. Core Purpose

Official mission statement

The official mission statement of Superior Group of Companies, Inc. is to help their customers improve their business through:

• Innovative uniform and related solutions
• World-class service and support
• Continuous improvement in all that they do

Vision statement

While a specific, formally declared vision statement is not readily available in the provided search results, the company's actions and stated goals suggest a vision focused on:

• Being a leader in innovative uniform and related solutions.
• Providing world-class service and support to their customers.
• Achieving continuous improvement in all aspects of their operations.
• Creating value for their shareholders, customers, and employees.

Company slogan/tagline

Based on the provided search results, a specific, formally declared company slogan or tagline for Superior Group of Companies, Inc. is not explicitly mentioned. However, considering their mission and values, a possible inferred tagline could be:

• 'Innovating Uniform Solutions, Elevating Business Performance.'

For more insights into the company's investors, check out: Exploring Superior Group of Companies, Inc. (SGC) Investor Profile: Who’s Buying and Why?

Superior Group of Companies, Inc. (SGC) How It Works

Superior Group of Companies, Inc. (SGC) operates by providing a diverse range of products and services, primarily focusing on branded uniform programs and contact center solutions.

Superior Group of Companies, Inc.'s Product/Service Portfolio

Superior Group of Companies, Inc.'s Operational Framework

Superior Group of Companies, Inc. (SGC) drives value creation through the following operational processes:

• Design and Sourcing: SGC designs and sources high-quality uniform products, leveraging a global supply chain to ensure cost-efficiency and timely delivery.
• Manufacturing and Distribution: The company operates manufacturing facilities and distribution networks to produce and deliver uniforms and related products to its customers.
• Program Management: SGC offers comprehensive uniform program management services, including sizing, ordering, and distribution, to streamline the uniform procurement process for its clients.
• Technology Integration: SGC integrates advanced technology solutions into its contact center operations, enabling efficient customer interactions and data-driven insights.
• Client Relationship Management: The company focuses on building long-term relationships with its clients by providing customized solutions and responsive customer support.

Superior Group of Companies, Inc.'s Strategic Advantages

Superior Group of Companies, Inc. (SGC) maintains its competitive edge through:

• Diversified Product Portfolio: SGC’s ability to offer both uniform solutions and contact center services allows it to cater to a broad range of client needs and industries.
• Customization Capabilities: The company excels in providing customized uniform programs and contact center solutions tailored to the specific requirements of its clients.
• Strong Customer Relationships: SGC’s focus on building and maintaining strong customer relationships results in high levels of client retention and recurring revenue streams.
• Operational Efficiency: SGC’s efficient supply chain management, manufacturing processes, and technology integration contribute to cost savings and enhanced service delivery.
• Market Expertise: With years of experience in the uniform and contact center industries, SGC possesses deep market knowledge and insights that inform its strategic decisions.

To gain more insights into the investors profile, read this article: Exploring Superior Group of Companies, Inc. (SGC) Investor Profile: Who’s Buying and Why?

Superior Group of Companies, Inc. (SGC) How It Makes Money

Superior Group of Companies, Inc. primarily generates revenue through the sale of uniforms and related products, as well as through providing supply chain solutions.

Superior Group of Companies, Inc.'s Revenue Breakdown

Superior Group of Companies, Inc.'s Business Economics

The business economics of Superior Group of Companies, Inc. are shaped by several key factors:

• Pricing Strategies: The company employs competitive pricing strategies tailored to different market segments, balancing cost-effectiveness with product quality and service levels.
• Economic Fundamentals: Demand for uniforms is relatively stable, driven by essential worker sectors like healthcare and public safety, providing a consistent revenue base.
• Supply Chain Efficiency: Efficient supply chain management is crucial for controlling costs and ensuring timely delivery, directly impacting profitability.
• Market Position: A strong market position in specialized uniform segments allows for premium pricing and higher margins.

Superior Group of Companies, Inc.'s Financial Performance

Key aspects of Superior Group of Companies, Inc.'s financial performance include:

• Revenue Growth: Monitoring year-over-year revenue growth in both the uniform and supply chain solutions segments indicates the company's ability to expand its market presence.
• Gross Profit Margin: Analyzing gross profit margins reveals the efficiency of production and supply chain operations.
• Operating Income: Operating income reflects the profitability of core business activities, excluding interest and taxes.
• Net Income: Net income provides an overall measure of profitability after all expenses and taxes are accounted for.
• Earnings Per Share (EPS): EPS indicates the company's profitability on a per-share basis, important for investors.
• Cash Flow: Strong cash flow from operations supports investments in growth initiatives and shareholder returns.

More on Superior Group of Companies, Inc.'s mission, vision and core values: Mission Statement, Vision, & Core Values of Superior Group of Companies, Inc. (SGC).

Superior Group of Companies, Inc. (SGC) Market Position & Future Outlook

Superior Group of Companies, Inc. navigates a competitive landscape while focusing on growth opportunities and managing potential risks to enhance its market position. The company's strategic initiatives aim to leverage its strengths in the uniform and related products industry.

Competitive Landscape

Opportunities & Challenges

Industry Position

Superior Group of Companies holds a significant position within the uniform and related products industry, focusing on:

• Healthcare Apparel: SGC is a key player, providing a wide range of medical uniforms and healthcare apparel.
• Branded Merchandise: They offer branded merchandise solutions, enhancing brand recognition for their clients.
• Uniform Programs: SGC designs and manages comprehensive uniform programs for various industries.

The company continually adapts to industry trends through innovation and strategic initiatives. More insights about the company's values can be found at: Mission Statement, Vision, & Core Values of Superior Group of Companies, Inc. (SGC).