Superior Uniform EPS skyrockets 87.8%

24 Feb '14

4 min read

Michael Benstock, chief executive officer, commented: "We are very proud to report these tremendous increases in our earnings in 2013. We have been working diligently for some time to lay the foundation that made these results possible. 2013 was a breakthrough year for our Company. We were able to complete the acquisition of HPI midyear after a relentless pursuit of almost four years.

Following the acquisition, we have worked with HPI management to insure that the acquisition did not create any disruption in the service that was provided to customers. As a result, HPI has continued to maintain and build upon the momentum that started prior to the acquisition. They are positioned to continue to provide significant growth going forward.

"Following the acquisition, we have been able to focus the remainder of our Uniforms and Related Products segment's sales force on our other core markets such as healthcare while allowing HPI's sales force to continue pursuing their markets. As a result, we were able to streamline our sales force while still achieving solid net sales growth in this area. We look forward to continued solid growth from these markets as we move forward.

"We also continue to see remarkable opportunity and net sales growth in our Remote Staffing Solutions segment as well. In a relatively short period of time, we have developed a very strong organization with a tremendous culture that is committed to providing excellent service to our customers and that is positioned to deliver substantial sales and earnings growth in this segment for the foreseeable future.

"We remain in a very strong financial condition and are happy to be in a position that allows us to continue to pursue additional strategic acquisitions and to make the other investments in our future that will allow us to deliver even more robust results.

"Finally, I would be remiss not to thank the tremendous group of employees here at Superior Uniform Group for their hard work and clear focus that has made these results possible. I would also like to thank our shareholders for their continued support of our Company."

ABOUT SUPERIOR UNIFORM GROUP, INC.

Superior Uniform Group, established in 1920, is one of America's foremost providers of fine uniforms and image apparel. Headquartered in Seminole, Fla., Superior Uniform Group manages award-winning uniform apparel programs for major corporations nationwide. Leaders in innovative uniform program design, global manufacturing, and state-of-the-art distribution, Superior Uniform Group helps companies achieve a more professional appearance and better communicate their brands - particularly those in healthcare, private security, retail, hospitality, transportation and food service

Superior Uniform Group

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