Rocky Brands, Inc. reports news on its footwear and apparel portfolio, including the Muck, XTRATUF, Rocky, Durango, Georgia Boot, Lehigh, Ranger and licensed Michelin brands. Company updates commonly address net sales, gross margin, inventory, debt and segment performance across wholesale, retail and contract manufacturing operations.
Recurring developments include direct-to-consumer demand through e-commerce and company-operated stores, wholesale channel activity with outdoor, work, marine and safety retailers, and contract manufacturing sales that include U.S. military and private-label production. News also covers brand partnerships, sourcing and tariff effects, quarterly dividends, share repurchase activity and investor conference participation.
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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