Fiserv earnings missed by $0.61, revenue fell short of estimates
Superior Group of Companies, Inc. (NASDAQ:SGC), a $191 million market cap company currently trading at $11.96, announced Friday that it has entered into a Rule 10b5-1 trading plan to facilitate the repurchase of its common stock. The trading plan, effective September 20, 2025, enables the company to buy back shares up to a specified repurchase limit as part of its previously authorized share repurchase program. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value estimates.
The company’s Board of Directors had authorized the share repurchase program on March 11, 2025. Repurchases under the plan will be managed by an independent broker and are subject to certain price, market, volume, and timing conditions as outlined in the plan. The plan is intended to comply with Rule 10b5-1(c) under the Securities Exchange Act of 1934.
The repurchase activity will continue until the repurchase limit is reached or until other conditions specified in the plan occur. Superior Group of Companies did not disclose the exact number of shares or dollar amount that may be repurchased under the plan in the filing.
This information is based on a statement provided in a press release disclosed in the company’s filing with the Securities and Exchange Commission.
In other recent news, Superior Group of Companies reported its financial results for the second quarter of 2025, surpassing analyst expectations. The company achieved an earnings per share of $0.10, exceeding the forecasted $0.08. Revenue also outperformed projections, reaching $144 million against an anticipated $133 million. In addition to these financial results, Superior Group of Companies announced a significant leadership change. Michael W. Koempel has been appointed as President, effective immediately, while retaining his role as Chief Financial Officer. This organizational change aims to consolidate leadership responsibilities within the company. Koempel will oversee the company’s three segment presidents, who will now report directly to him. These developments reflect the company’s ongoing strategic adjustments and financial performance.
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