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Superior Uniform Q2 profit falls YOY


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Superior Uniform Q2 profit falls YOY

Superior Uniform Group Inc. said its second-quarter normalized net income was 23 cents per share, a decline of 13.9% from 27 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.4 million, a decline of 8.1% from $3.7 million in the year-earlier period.

The normalized profit margin fell to 6.2% from 6.9% in the year-earlier period.

Total revenue increased year over year to $54.1 million from $53.2 million, and total operating expenses grew year over year to $48.6 million from $47.3 million.

Reported net income fell 7.9% on an annual basis to $3.6 million, or 25 cents per share, from $4.0 million, or 29 cents per share.