Welcome to our dedicated page for Rocky Brands news (Ticker: RCKY), a resource for investors and traders seeking the latest updates and insights on Rocky Brands stock.
Rocky Brands, Inc. (NASDAQ: RCKY) is a prominent global designer, manufacturer, and marketer of premium-quality footwear and apparel. Established in 1932, the company has expanded its reach to over 70 countries, with its global headquarters in Nelsonville, Ohio. The headquarters employs around 400 local residents, while the company boasts over 2,800 employees worldwide, including an office in Los Angeles, CA, and international facilities in Canada, China, Puerto Rico, and the Dominican Republic.
Rocky Brands, Inc. is renowned for its compelling family of brands which includes Rocky®, Georgia Boot®, Durango®, Lehigh Outfitters®, and Creative Recreation®. The company also markets the licensed brand Michelin footwear. With a strong emphasis on product innovation, targeted sponsorships, and social interaction with consumers, Rocky Brands aims to enhance consumer life experiences and foster lifetime loyalty.
The company operates through three primary business segments: Wholesale, Retail, and Contract, with the Wholesale segment generating the majority of its revenue. Rocky Brands' mission is to grow through innovative product development and strategic marketing initiatives, ensuring the provision of premium products that meet the evolving needs of their diverse customer base.
Recent achievements for Rocky Brands include the expansion of their product lines, enhanced global distribution capabilities, and strategic partnerships aimed at strengthening their market presence. The company continues to focus on financial health, operational efficiency, and sustainable growth to secure its position as a global leader in the industry.
Rocky Brands (NASDAQ: RCKY) reported Q4 2024 results with net sales increasing 1.7% to $128.1 million and gross margin rising 120 basis points to 41.5%. The quarter saw strong performance in Durango and XTRATUF brands, particularly in direct-to-consumer channels.
Q4 highlights include adjusted net income of $8.9 million ($1.19 per diluted share), up 22.7% from $7.3 million ($0.98 per diluted share) in Q4 2023. The company recorded a $4.0 million trademark impairment charge for The Original Muck Boot Company® brand.
For full-year 2024, net sales decreased 1.7% to $453.8 million, while gross margin improved to 39.4%. Total debt decreased 25.7% year-over-year to $128.7 million. The Board authorized a new $7.5 million share repurchase program.
Rocky Brands (NASDAQ: RCKY) has announced it will release its fourth quarter and full year 2024 financial results after market close on Tuesday, February 25, 2025. 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). The call will also be available via webcast at rockybrands.com. A telephone replay will be accessible until March 11, 2025.
Rocky Brands is a leading designer, manufacturer, and marketer of premium footwear and apparel, with brands including Rocky®, Georgia Boot®, Durango®, Lehigh®, The Original Muck Boot Company®, XTRATUF® and Ranger®.
Rocky Brands (NASDAQ: RCKY), a leading designer, manufacturer, and marketer of premium footwear and apparel, has announced its board of directors' declaration of a quarterly cash dividend of $0.155 per share of outstanding common stock. The dividend will be paid on March 17, 2025, to shareholders of record as of March 3, 2025.
The company operates under well-recognized brand names including Rocky®, Georgia Boot®, Durango®, Lehigh®, The Original Muck Boot Company®, XTRATUF®, and Ranger®. Future dividend payments and record dates remain subject to quarterly board determination.
Rocky Brands Inc (NASDAQ: RCKY) has announced its participation in the 2025 ICR Conference. The company's management team will conduct a fireside chat presentation on Monday, January 13, 2025, at 1:30 p.m. Eastern Time. The presentation will be accessible via live webcast on the company's investor relations website.
Rocky Brands operates as a leading designer, manufacturer, and marketer of premium footwear and apparel. The company manages a diverse portfolio of recognized brands including Rocky®, Georgia Boot®, Durango®, Lehigh®, The Original Muck Boot Company®, XTRATUF®, and Ranger®.
Rocky Brands (RCKY) has announced a quarterly cash dividend of $0.155 per share of outstanding common stock. The dividend will be paid on December 17, 2024 to shareholders of record as of the close of business on December 3, 2024. The company, which designs, manufactures, and markets premium footwear and apparel under brands including Rocky®, Georgia Boot®, Durango®, Lehigh®, The Original Muck Boot Company®, XTRATUF® and Ranger®, notes that future dividends are subject to quarterly board determination.
Rocky Brands (NASDAQ: RCKY) reported Q3 2024 financial results with net sales decreasing 8.8% to $114.6 million. Gross margin improved 110 basis points to 38.1%. Net income was $5.3 million, or $0.70 per diluted share, compared to $6.8 million, or $0.93 per diluted share in Q3 2023. Durango brand and Lehigh CustomFit safety footwear showed double-digit growth, partially offsetting wholesale declines. The company reduced inventory by 11.8% and total debt by 29.7% year-over-year. Operating income was $10.1 million compared to $14.3 million in the year-ago quarter.
Rocky Brands (NASDAQ: RCKY) announced it will release its third quarter 2024 financial results on October 30, 2024, after market close. Management will host a conference call at 4:30 p.m. ET the same day to discuss the results. The call will be accessible via phone and webcast through rockybrands.com. Rocky Brands is a leading designer, manufacturer and marketer of premium footwear and apparel under brands including Rocky®, Georgia Boot®, Durango®, Lehigh®, The Original Muck Boot Company®, XTRATUF® and Ranger®.
Rocky Brands, Inc. (NASDAQ: RCKY) has announced a quarterly cash dividend of $0.155 per share of outstanding common stock. The dividend will be paid on September 17, 2024 to shareholders of record as of the close of business on September 3, 2024. Rocky Brands is a leading designer, manufacturer, and marketer of premium quality footwear and apparel, with a portfolio of well-recognized brand names including Rocky®, Georgia Boot®, Durango®, Lehigh®, The Original Muck Boot Company®, XTRATUF®, and Ranger®.
The company's board of directors will determine future dividends, record dates, and payment dates on a quarterly basis. This announcement demonstrates Rocky Brands' commitment to providing value to its shareholders through regular dividend payments.
Rocky Brands, Inc. (NASDAQ: RCKY) reported Q2 2024 financial results with net sales of $98.3 million, a 1.6% decrease from the previous year. However, excluding non-recurring sales, net sales increased by 6.1%. The company reported a net loss of $1.2 million, or $0.17 per diluted share, compared to a net loss of $2.7 million in Q2 2023. Adjusted net income was $1.3 million, or $0.17 per diluted share.
Key highlights include:
- Operating income increased 104.7% to $4.5 million
- Inventories decreased 20.0% year-over-year
- Total debt decreased 31.3% year-over-year
- Strong double-digit sales gains for Durango and XTRATUF brands
- Debt refinancing expected to generate $4.4 million in annualized savings beginning in 2025
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.
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