Weyco Group Q3 sales record $97M (+57% YoY), EPS $1.12 from $0.52; dividend $0.24

WEYCO GROUP INC

2022-Q3 EPS reported $2.01 revenue$252,690,000

Consolidated net sales $97.0M (record), up 57% YoY; operating earnings $14.2M, more than double last year's $6.7M.
Net earnings record $10.8M, diluted EPS $1.12 vs $0.52; gross margin improved to 40.6% from 40.0%.
Wholesale segment sales $81.6M (+63%), led by Florsheim (+82%) and BOGS (+52%); operating earnings $12.9M (+114%).
Other segment (Florsheim Australia) sales $8.2M (+54%), swung to operating earnings $476K from loss $682K.
Board declared $0.24/share dividend, payable Jan 3, 2023 to holders of record Nov 28, 2022; unchanged from prior quarter.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

WEYCO GROUP INC reported the quarter ended September 30, 2022 results: revenue $97.0 million, net income $10.8 million, EPS $1.12 per diluted share.

Period: the quarter ended September 30, 2022
Revenue: $97.0 million
Net income: $10.8 million
EPS: $1.12 per diluted share
Result: reported results

Exact text from the filing

“us” and the “Company”) today announced financial results for the quarter ended September 30, 2022. Third Quarter 2022 Consolidated net sales were a third-quarter record of $97.0 million, up 57% compared to $61.8 million in the third quarter of 2021. Consolidated gross earnings increased to 40.6% of net sales compared to 40.0% of net sales in last year’s third

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Source: SEC EDGAR

accession 0001104659-22-113476

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