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. (NASDAQ: RCKY) is a designer, manufacturer and marketer of premium quality footwear and apparel in the footwear merchant wholesalers industry. The company reports results across Wholesale, Retail and Contract Manufacturing segments and regularly issues detailed quarterly updates on sales, margins, operating income, debt levels and inventory.
This news page focuses on Rocky Brands (RCKY) news, highlighting company press releases and announcements that cover its financial performance, capital structure and corporate actions. Recent releases have discussed net sales trends by segment, changes in gross margin, operating expenses, interest expense and net income, along with commentary from management on business conditions.
Investors following RCKY can use this feed to review earnings announcements for the first, second and third quarters, updates on total debt and inventories, and declarations of quarterly cash dividends by the board of directors. The company also issues news about upcoming earnings release dates, associated conference calls and webcasts, and participation in investor conferences such as the ICR Conference.
Because Rocky Brands reports segment-level results for Wholesale, Retail and Contract Manufacturing, its news often includes insights into brand and channel performance, including references to demand for brands such as XTRATUF, The Original Muck Boot Company, Georgia Boot and Rocky, as well as direct-to-consumer and Lehigh safety shoe activity. For market participants tracking RCKY stock, this page provides a centralized view of the company’s official news flow and management commentary over time.
Rocky Brands, Inc. (NASDAQ: RCKY) has announced a quarterly cash dividend of $0.155 per share of outstanding common stock. The dividend will be paid on September 17, 2024 to shareholders of record as of the close of business on September 3, 2024. Rocky Brands is a leading designer, manufacturer, and marketer of premium quality footwear and apparel, with a portfolio of well-recognized brand names including Rocky®, Georgia Boot®, Durango®, Lehigh®, The Original Muck Boot Company®, XTRATUF®, and Ranger®.
The company's board of directors will determine future dividends, record dates, and payment dates on a quarterly basis. This announcement demonstrates Rocky Brands' commitment to providing value to its shareholders through regular dividend payments.
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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