Rocky Brands Inc - RCKY STOCK NEWS

Rocky Brands, Inc. (NASDAQ: RCKY) reported a remarkable 134.2% net sales increase to $131.6 million for Q2 2021, bolstered by a 195.0% jump in wholesale sales. Net income also rose 59.5% to $3.9 million, or $0.52 per diluted share. The company's gross margin improved by 280 basis points to 37.4%. Adjusted net income soared 129.0% to $7.4 million, or $0.99 per diluted share. The financial growth is attributed to strong demand across its brand portfolio, particularly from new acquisitions. However, operating expenses increased to $40.7 million, primarily due to expenses tied to the acquired brands.

Rocky Brands, Inc. (NASDAQ: RCKY) is set to release its second quarter financial results for the period ending June 30, 2021, after market close on August 3, 2021. Following this, a conference call will occur at 4:30 p.m. ET to discuss these results. Interested parties can join by dialing (877) 705-6003 for domestic calls or (201) 493-6725 internationally, or via a live webcast at www.rockybrands.com. A replay of the call will be available until August 17, 2021.

Rocky Brands is known for its premium quality footwear and apparel under various brands including Rocky®, Georgia Boot®, and The Original Muck Boot Company®.

Rocky Brands, Inc. (NASDAQ: RCKY) announced its management team's participation in the Baird 2021 Global Consumer, Technology & Services Conference. The fireside chat is scheduled for 8:30 am Eastern Time on June 10, 2021. Interested parties can access a live webcast of the presentation through Rocky Brands' investor relations page. Rocky Brands is recognized for designing and marketing high-quality footwear and apparel under brands such as Rocky®, Georgia Boot®, Durango®, and more. Further details are available at RockyBrands.com.

Rocky Brands, Inc. (NASDAQ: RCKY) has announced a leadership change as Jason Brooks is appointed Chairman of the Board, succeeding Mike Brooks, who will remain a Board member. Jason Brooks has been CEO since May 2017, while Mike Brooks has served in various leadership roles since 1991. Additionally, G. Courtney Haning has been appointed as the Board’s Lead Independent Director. This transition in governance aims to strengthen the company's leadership as it continues to market premium quality footwear and apparel under renowned brands.

Rocky Brands, Inc. (NASDAQ: RCKY) has declared a quarterly cash dividend of $0.14 per share, payable on June 16, 2021. Shareholders of record as of the close on June 2, 2021 will receive the dividend. Future dividend payments and record dates will depend on the quarterly decisions of the board of directors. Rocky Brands is recognized for its premium footwear and apparel, including brands like Rocky, Georgia Boot, and Durango.

Rocky Brands, Inc. has expanded its American-made product offerings with a new 45,000 square-foot factory in Rock Island, Illinois, dedicated to producing Servus footwear. Acquired from Honeywell in March 2021, the facility manufactures 1.6 million pairs of Servus boots annually. These boots are validated for viral penetration resistance and are compliant with CSA and ASTM standards. The facility aims to provide quality protective footwear suitable for various high-risk environments, affirming Rocky Brands' commitment to safety and quality.

Rocky Brands, Inc. (NASDAQ: RCKY) reported strong first-quarter results for 2021, with net sales rising 57.3% to $87.7 million. The wholesale segment experienced a 69.1% increase, while retail sales grew 42.0%. Gross margin improved by 540 basis points to 40.1%. Net income surged 278.1% to $4.5 million, equating to $0.61 per diluted share. The company also completed its acquisition of Honeywell's footwear business, enhancing its brand portfolio and paving the way for future growth.

Rocky Brands, Inc. (NASDAQ: RCKY) will release its first-quarter financial results for 2021 on May 4, 2021, after market close. A conference call is scheduled for 4:30 p.m. ET on the same day, inviting investors and analysts to participate by calling (877) 705-6003 domestically or (201) 493-6725 internationally. A live webcast will be available on www.rockybrands.com. A telephone replay will be accessible until May 18, 2021, using conference ID 13719422.

Rocky Brands (NASDAQ: RCKY) has appointed Robyn R. Hahn, President of the Small Business division for Westfield Insurance, to its Board of Directors, effective April 1, 2021. Hahn brings extensive experience in managing business functions, brand marketing, and operational leadership, which is expected to strengthen the company's governance. Her leadership roles in the insurance industry and prior executive positions at major companies will be advantageous as Rocky Brands progresses in its strategic goals.