Following investor meetings with management from Superior Group of Companies, we continue to think the company's diverse business model will fuel low- to mid-single-digit annual revenue growth, with faster earnings growth, over the next several years. The projected acceleration in earnings growth reflects improved operating efficiencies, as the company's expenditures on a direct-to-consumer website, robotics/automation, and new software platforms to improve customer and inventory management pay off. For 2026, we expect low-single-digit revenue growth to outpace increases in operating expenses, supporting our estimates for EPS of $0.74 and a 3.5% operating margin, up 110 basis points year over year from our estimate of 2.4% for 2025. At the end of 3Q:25, SGC had $17 million in cash and $100 million in total debt. The company has bought back $8 million in common stock in 2025 and is authorized to buy back an additional $12 million in shares. We maintain our moderate risk rating and $20 price target, which is based on 18x our 2027 EPS estimate of $1.12.