MCRAE INDUS INC A - MCRAA STOCK NEWS

McRae Industries (Pink Sheets: MCRAA and MCRAB) has declared a dividend of $0.14 per share on both its Class A and Class B Common Stock. The dividend is payable on October 3, 2024 to shareholders of record as of September 19, 2024. This announcement demonstrates the company's commitment to providing returns to its shareholders. McRae Industries, based in Mount Gilead, N.C., continues its practice of dividend payments, which may be of interest to income-focused investors.

McRae Industries (MCRAA) reported their third-quarter and nine-month fiscal 2024 earnings. For Q3 2024, net revenues were $29.4M, down from $31.5M in Q3 2023. Net earnings were $2.05M ($0.91/share), slightly decreased from $2.08M ($0.92/share) in Q3 2023. For the first nine months, net revenues were $88.1M, down from $96.1M in the same period in 2023. However, net earnings improved to $6.91M ($3.06/share) from $6.67M ($2.94/share). The company cited increased military boot sales but saw a decline in western boot sales.

The company's financial condition remained robust with $19.6M in cash and equivalents and increased working capital from $75.8M to $80.1M. Operating activities provided $8.4M in cash, with $4.8M used in investing and $2.3M in financing activities. Available credit lines totaled $6.75M, with no current usage. McRae is confident that their current assets will meet capital requirements for the rest of fiscal 2024.

McRae Industries declared a dividend of $0.14 per share on its Class A and Class B Common Stock. This dividend is payable on June 26, 2024, to shareholders of record on June 12, 2024.

McRae Industries, Inc. reported a decrease in net revenues for the second quarter and first six months of fiscal 2024 compared to the same periods in fiscal 2023. Despite this, the company saw an increase in gross profit percentage and operating profit margin. The company also signed a purchase sale agreement to sell land for $2.65 million. Financially, the company's cash and working capital remained strong, with available credit lines expected to meet capital requirements for the rest of fiscal 2024.

McRae Industries, Inc. (MCRAA) announced a dividend of $0.14 per share for Class A and Class B Common Stock, payable on April 4, 2024, to shareholders of record on March 21, 2024.

McRae Industries, ticker symbols MCRAA and MCRAB, reported a decrease in consolidated net revenues for the first quarter of fiscal 2024 compared to the first quarter of fiscal 2023. Despite a slowdown in demand for western/lifestyle boot products, revenues from work boot products increased, driven by military boot sales. The company's financial condition remained strong, with cash and cash equivalents totaling $24.0 million as of October 28, 2023, and working capital increasing to $78.9 million.

McRae Industries, Inc. (MCRAA, MCRAB) declared a dividend of $.75 per share, including a special dividend of $.61 per share, on the Company's Class A and Class B Common Stock. The dividend is payable on January 3, 2024, to shareholders of record on December 13, 2023.

McRae Industries declares dividend of $.14 per share on Class A and Class B Common Stock.

McRae Industries, Inc. (MCRAA, MCRAB) reported its Q2 fiscal 2023 consolidated net revenues at $30.8 million, down from $31.4 million year-over-year. Net earnings for the quarter were $1.7 million, or $0.76 per diluted share, compared to $2.5 million, or $1.12 per share in Q2 FY2022. For the first six months, revenues increased to $64.6 million, up from $59.0 million, while net earnings were $4.6 million versus $4.8 million in the prior year. The company noted challenges with inventory levels and rising costs impacting gross profit margins.