- Q3 profit of US$1.5m, up from $1.2m
- Sales increase 44.4% to $44.2m versus $30.6m
- Uniform and relates products sales rose 13.5%
Career and workwear manufacturer Superior Uniform Group has recorded a 21.4% increase in third-quarter net profit, bolstered by its acquisition of rival HPI Direct earlier this year.
Sales at the company’s uniform and related products division were up 13.5%, excluding its acquisition of HPI Direct earlier in July.
The remote staffing solutions segment saw sales increase 58.3% during the three months to 30 September, compared to the same period last year.
CEO Michael Benstock said: “The transition for HPI is proceeding very well at this point. They have a tremendous amount of momentum in the market as evidenced by the 20% growth rate experienced in the current quarter as well as several significant new accounts they have landed following the acquisition.”
“Our financial position remains very strong and allows us to continue to invest in the future of our company. We are very optimistic as to the future of the company and look forward to reporting continued improvement in our earnings in the future,” he added.
