Superior Group of Companies announced its third quarter 2024 results, reporting a 10.0% increase in net sales to $149.7 million, up from $136.1 million in the prior year's third quarter. Net income for the quarter rose to $5.4 million, compared to $3.1 million in the third quarter of 2023, demonstrating improved profitability.
Diluted earnings per share (EPS) for the third quarter reached $0.33, a notable increase from $0.19 per diluted share in the same period last year. The company also reported an EBITDA of $11.7 million, up from $9.3 million in the third quarter of 2023, indicating stronger operational performance.
The Board of Directors declared a quarterly dividend of $0.14 per share, payable on November 27, 2024. Furthermore, the company reaffirmed its full-year 2024 sales outlook in the range of $563 million to $570 million and its full-year diluted EPS forecast of $0.73 to $0.79.
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