Rocky Brands Inc Stock Price, News & Analysis

Rocky Brands, Inc. (NASDAQ: RCKY) has declared a quarterly cash dividend of $0.155 per share, payable on March 15, 2023, to shareholders of record as of March 1, 2023. This decision reflects the company's commitment to returning value to its investors. Future dividends will be determined quarterly by the board of directors. Rocky Brands is known for its premium quality footwear and apparel, operating well-recognized brands including Rocky®, Georgia Boot®, and The Original Muck Boot Company®.

Rocky Brands, Inc. (NASDAQ: RCKY) announced the appointment of Sarah O’Connor as the new Senior Vice President, Chief Financial Officer, and Treasurer. With over 15 years of finance experience, O’Connor has a background in public retail and manufacturing organizations. Before joining Rocky Brands, she was Vice President of Financial Planning & Analysis at MedVet and held roles at Columbia Pipeline Group and L Brands. O’Connor will officially start in mid-March, succeeding Tom Robertson, who will become Chief Operating Officer. The leadership change aims to position Rocky Brands for future growth.

Rocky Brands, Inc. (NASDAQ: RCKY) announced participation in the 2023 ICR Conference with a scheduled presentation on January 10, 2023, at 10:30 a.m. Eastern Time. This event will be available for online viewing via their investor relations website. Rocky Brands is renowned for its premium quality footwear and apparel, featuring brands like Rocky®, Georgia Boot®, and The Original Muck Boot Company®. Further information can be accessed on their official website.

Rocky Brands, Inc. (NASDAQ: RCKY) appointed Dwight E. Smith as a Class I director, effective January 1, 2023. Mr. Smith brings extensive experience as the founder and CEO of Sophisticated Systems, Inc. and has served on several boards, including the Federal Reserve Bank of Cleveland. Concurrently, Glenn E. Corlett and James L. Stewart will retire from the board effective December 31, 2022, reducing the board size from eleven to ten members. The company acknowledges their contributions over 48 years of combined service. Smith's addition aims to enhance board leadership.

Rocky Brands, Inc. (NASDAQ: RCKY) has declared a quarterly cash dividend of $0.155 per share, to be paid on December 15, 2022, to shareholders of record by December 1, 2022. The future declaration and payment of dividends will depend on the quarterly assessments by the board of directors. This reflects the company's continued commitment to returning value to its shareholders. Rocky Brands is a well-known designer and manufacturer of quality footwear and apparel, with prominent brands like Rocky® and Georgia Boot®.

Rocky Brands reported strong third quarter 2022 financial results, with net sales increasing by 17.5% to $147.5 million. Adjusted net sales rose 14.7% to $143.9 million. The wholesale segment saw a 25.8% increase, while the retail segment increased 7.3%. Net income improved to $5.7 million, or $0.77 per diluted share. Despite a drop in gross margin percentage due to cost pressures, operating expenses decreased significantly. The company maintained confidence in its growth strategies amid macroeconomic challenges.

Rocky Brands, Inc. (NASDAQ: RCKY) will announce its third-quarter financial results for the period ending September 30, 2022 on November 2, 2022, after market close. Following the release, management will hold a conference call at 4:30 p.m. ET to discuss the results. Interested participants can join by dialing (888) 254-3590 (domestic) or (323) 994-2093 (international), or via a live webcast on www.rockybrands.com. A replay of the call will be accessible until November 16, 2022.

Rocky Brands, Inc. (NASDAQ: RCKY) has promoted Tom Robertson to Chief Operating Officer, a newly created position aimed at enhancing operational efficiency. Previously CFO, Robertson will oversee daily operations while a search for a new CFO begins immediately. The announcement comes as David Dixon, President of Manufacturing/Sourcing Operations, steps down after 29 years. Chairman Jason Brooks praised Robertson's contributions and expressed confidence in his ability to drive profitable growth.

SureWerx has announced the acquisition of NEOS Overshoe from Rocky Brands (NASDAQ: RCKY), enhancing its portfolio in the safety footwear market. This acquisition aligns with SureWerx's strategy to expand its offerings and strengthen its position in the industrial and professional overshoe market. NEOS, known for its premium overshoes, has evolved over the years and now serves various industries, ensuring protection against harsh conditions. The deal reflects SureWerx's aggressive growth strategy in safety products, adding to its existing brands.