Welcome to our dedicated page for Rocky Brands news (Ticker: RCKY), a resource for investors and traders seeking the latest updates and insights on Rocky Brands stock.
Rocky Brands Inc (RCKY), a global leader in premium footwear and apparel, maintains this dedicated news hub for investors and industry stakeholders. Access official press releases and curated updates covering corporate milestones, product innovations, and market developments.
This resource provides timely updates on earnings announcements, strategic partnerships, leadership changes, and operational expansions. Investors gain insights into RCKY's performance across wholesale, retail, and contract segments while tracking initiatives that reinforce its market leadership in durable lifestyle products.
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Bookmark this page for efficient tracking of RCKY's evolving position in the competitive apparel sector. Regular updates reflect the company's commitment to innovation through new collections, sustainability efforts, and global distribution enhancements.
Rocky Brands, Inc. (NASDAQ: RCKY) reported Q2 2024 financial results with net sales of $98.3 million, a 1.6% decrease from the previous year. However, excluding non-recurring sales, net sales increased by 6.1%. The company reported a net loss of $1.2 million, or $0.17 per diluted share, compared to a net loss of $2.7 million in Q2 2023. Adjusted net income was $1.3 million, or $0.17 per diluted share.
Key highlights include:
- Operating income increased 104.7% to $4.5 million
- Inventories decreased 20.0% year-over-year
- Total debt decreased 31.3% year-over-year
- Strong double-digit sales gains for Durango and XTRATUF brands
- Debt refinancing expected to generate $4.4 million in annualized savings beginning in 2025
Rocky Brands, Inc. (NASDAQ: RCKY) has announced it will release its second quarter 2024 financial results on July 30, 2024, after market close. The company will host a conference call at 4:30 p.m. ET on the same day to discuss the results. Investors and analysts can participate by dialing (877) 704-4453 (domestic) or (201) 389-0920 (international). A live webcast will be available at www.rockybrands.com.
Rocky Brands is a leading designer, manufacturer, and marketer of premium footwear and apparel. Its brand portfolio includes Rocky®, Georgia Boot®, Durango®, Lehigh®, The Original Muck Boot Company®, XTRATUF®, and Ranger®. The company's financial results for the quarter ended June 30, 2024, will provide insights into its performance and market position.
Rocky Brands (NASDAQ: RCKY) has announced a quarterly cash dividend of $0.155 per share for its common stockholders. This dividend will be disbursed on June 17, 2024, to shareholders recorded by the close of business on June 3, 2024. The company's board of directors will continue to evaluate and determine future dividends on a quarterly basis. Rocky Brands is known for designing, manufacturing, and marketing high-quality footwear and apparel under various brand names including Rocky®, Georgia Boot®, and Durango®.
Rocky Brands, Inc. (NASDAQ: RCKY) announced positive first quarter 2024 results with a 2.2% increase in net sales to $112.9 million, 92% growth in operating income to $8.0 million, and a significant decrease in inventories by 26%. Adjusted net income was $3.1 million, or $0.41 per diluted share, compared to a net loss of $0.8 million in the year ago period. The Company reported enhanced profitability and increased shareholder value for 2024.
Ronky Brands, Inc. announced a comprehensive debt refinancing agreement with Bank of America to enhance its financial profile, cash flow, and liquidity. The new agreement includes an upsized $175 million revolving credit facility and a $50 million term facility, generating net savings of $2.9 million for 2024 and $4.4 million annually from 2025. The transactions extend debt maturities to April 2029, simplifying the capital structure and increasing financial flexibility.
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