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SUPERIOR SURGICAL REPORTS 1991 YEAR-END RESULTS

 SUPERIOR SURGICAL REPORTS 1991 YEAR-END RESULTS
 SEMINOLE, Fla., Feb. 18 /PRNewswire/ -- Superior Surgical Mfg. Co.,


Inc. (AMEX: SGC), one of the nation's largest manufacturers of uniforms, career apparel and accessories, today announced that for the year ended Dec. 31, 1991, sales were $117,502,780, compared to 1990 sales of $123,002,478, and net income was $8,025,228 or $3.78 per share, compared to 1990 net income of $8,665,165 or $4.01 per share.
 Gerald M. Benstock, Chairman and C.E.O., said: "Although the Company did not set new records for the year, we were pleased that the vast majority of the goals we had set were exceeded while operating in the deep recessionary economy of 1991. The recession adversely effected Superior Surgical as it did so many other companies, yet we were able to improve our working capital ratio, reduce our debt and introduce new products. The combination of strong liquidity and future debt capacity positions the Company to partake of opportunities as they become available. Although it's too early, at this time, to know our first quarter results, we can report that bookings for the first six weeks of 1992 have given us a basis for optimism for this year."
 Superior Surgical manufactures and sells a wide range of uniforms, career apparel and accessories for the hospital and healthcare fields; hotels; fast food and other restaurants; and public safety, industrial, transportation and commercial markets.
 Comparative figures for 1991 are as follows:
 FOR THE FOURTH QUARTER ENDED DECEMBER 31,
 1991 1990
 (Unaudited)
 Net Sales $29,355,307 $32,328,030
 Earnings before
 Income Taxes $ 3,472,923 $ 3,733,799
 Net income $ 2,172,923 $2,353,799
 Average Number of
 Shares Outstanding 2,137,158 2,112,897
 Net Income per Share $1.02 $1.11
 FOR THE YEAR ENDED DECEMBER 31,
 1991 1990
 Net Sales $117,502,780 $123,002,478
 Earnings before
 Income Taxes $ 12,840,228 $ 13,755,165
 Net Income $ 8,025,228 $ 8,665,165
 Average Number of
 Shares Outstanding 2,124,967 2,160,938
 Net Income per Share $3.78 $4.01
 -0- 2/18/92
 /CONTACT: Gerald M. Benstock, Chairman and C.E.O., Superior Surgical Mfg. Co., Inc., 813-397-9611/
 (SGC) CO: Superior Surgical Mfg. Co., Inc. ST: Florida IN: MTC SU: ERN


CM-JZ -- FL004 -- 9781 02/18/92 09:26 EST
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Publication:PR Newswire
Date:Feb 18, 1992
Words:398
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