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Superior Uniform Group posted fourth quarter earnings of $511,601, or $0.09 per share, compared with a loss of $820,000, or $0.13 per share, in the same quarter a year ago.
The company, based in Seminole, reported net earnings for the year of $1.97 million, or $0.33 per share, downS from $2.1 million, or $0.33 per share, in 2008.
Superior Uniform (NASDAQ: SGC), which provides uniforms and image apparel, experienced “one of the most challenging years in our history” in 2009, said Michael Benstock, chief executive officer, in a statement.
Sales decreased nearly 17 percent on a year over year basis, but the company reduced operating costs and eliminated all its outstanding debt, he said.
Superior Uniform completed its acquisition of Blade Sportswear in November and intends to pursue other potential strategic acquisitions to aid future growth, Benstock said.
Source: Tampa Bay Business Journal, February 26, 2010
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