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.
All content undergoes strict verification to ensure compliance with financial disclosure standards. Users benefit from direct access to primary sources without editorial interpretation, maintaining the integrity required for investment research and market analysis.
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) 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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