Welcome to our dedicated page for Mcrae Industries news (Ticker: MCRAA), a resource for investors and traders seeking the latest updates and insights on Mcrae Industries stock.
McRae Industries, Inc. (MCRAA) delivers specialized footwear solutions through its western lifestyle boots, industrial work footwear, and military-grade products. This news hub provides investors and industry observers with essential updates on corporate developments, manufacturing innovations, and market positioning strategies.
Access timely press releases covering earnings announcements, production facility upgrades, and strategic initiatives across the company's diversified product lines. Our curated collection includes updates on the heritage western boot segment, Dingo fashion brand expansions, and military contract developments that demonstrate operational expertise.
Bookmark this page for structured access to MCRAA's latest business milestones, including product line enhancements, efficiency improvements in boot manufacturing, and strategic moves within the competitive footwear landscape. Regular updates ensure you maintain informed awareness of this niche manufacturer's evolving market position.
McRae Industries (MCRAA) reported Q2 fiscal 2025 financial results with consolidated net revenues of $27.5 million, up from $25.8 million in Q2 2024. However, net earnings decreased to $1.05 million ($0.47 per diluted Class A share) from $1.64 million ($0.72 per share) year-over-year.
Western/lifestyle boot sales increased to $20.4 million from $18.2 million, driven by Dan Post and Laredo brands. Work boot revenues declined to $7.5 million from $7.8 million. Gross profit margin decreased to 25.9% from 27.1%, affected by military boot manufacturing inefficiencies.
For the first six months of fiscal 2025, total revenues were $56.3 million, down from $58.6 million, with net earnings of $2.9 million ($1.28 per share) compared to $4.86 million ($2.15 per share) in 2024. The company maintains a strong financial position with $22.8 million in cash and cash equivalents and $6.75 million in available credit lines.
McRae Industries (Pink Sheets: MCRAA and MCRAB) has announced a dividend declaration of $0.14 per share for both its Class A and Class B Common Stock. The dividend will be payable on April 2, 2025 to shareholders of record as of March 19, 2025.
McRae Industries has announced a dividend declaration for both its Class A and Class B Common Stock shareholders. The total dividend of $0.84 per share includes a special dividend component of $0.70 per share. The dividend will be paid on January 2, 2025, to shareholders of record as of December 18, 2024.
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.
