Rocky Brands Q4 net sales surge 93.4% to $169.5M, driven by acquired Boston Group brands

ROCKY BRANDS, INC.

2021-FY EPS reported $2.77 revenue$514,227,000

Q4 2021 net income $12.5M ($1.69 diluted EPS); adjusted EPS $1.86, up 34.3% YoY.
Full-year net sales $514.2M (+85.4%); wholesale segment sales +110.8%.
Acquired Boston Group brands contributed $79.3M in Q4 sales.
Gross margin fell to 37.3% from 41.2% due to higher freight costs and mix shift.
Integration of Honeywell acquisition complete; focus on synergies and operational excellence.

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