BAMKO Revenue Rise By 218% In Q2
Last Updated On: 07/29/2020
The Seminole, Florida-based group operates in the promotional products market through its subsidiaries, distributors BAMKO, Tangerine Promotions, Ltd. and Public Identity, Inc.
Los Angeles-based distributor, BAMKO, reported, net sales up 73 percent to $159.4 million for second quarter in 2019. PPE raised BAMKO’s second quarter sales performance, which was up 217.8 percent to $ 75.5 million. The company’s pretax income was $18.9 million compared to $3.7 million in 2019. In Q2, the Superior Group’s total PPE sales reached about $58.5 million. BAMKO, netted nearly $49.7 million of Superior’s total PPE tally.
Superior CEO Michael Benstock, said, “While some smaller portions of our business were significantly impacted negatively, we were able to more than offset these shortfalls with the successful pivot to selling personal protective equipment in addition to our legacy healthcare products, both of which continue to be in high demand during the pandemic.”
“We didn’t sit around waiting for ‘things to come back,’” says Josh White, BAMKO’s senior vice president of strategic partnerships.Read More...