Rocky Brands Q4 net sales down 9.3% to $126M; full-year sales fall 25.0%

ROCKY BRANDS, INC.

2023-FY EPS reported $1.41 revenue$461,833,000

Q4 GAAP EPS $0.91 vs $0.89 a year ago; adjusted EPS $0.98 vs $1.08.
Full-year net sales $461.8M (-25.0% YoY); net income $10.4M ($1.41) vs $20.5M ($2.78).
Total debt reduced 32.6% to $175.0M; inventories down 28.1% to $169.2M.
Wholesale segment sales fell 30.5% for the year; Retail segment sales up 1.4%.
Interest expense rose to $22.7M from $18.3M; effective tax rate increased to 26.3%.

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 0.95

ROCKY BRANDS, INC. reported year ended December 31, 2023 results: revenue $461.8 million, net income $10.4 million, or $ 1.41 per diluted share, EPS $1.41 per diluted share.

Period: year ended December 31, 2023
Revenue: $461.8 million
Net income: $10.4 million, or $ 1.41 per diluted share
EPS: $1.41 per diluted share
Result: reported results

Exact text from the filing

$6.7 million, or $0.91 per diluted share ● Adjusted net income decreased 8.3% to $7.3 million, or $0.98 per diluted share Full Year 2023 Overview ● Net sales decreased 25.0% to $461.8 million ● Wholesale segment sales decreased 30.5%; Retail segment sales increased 1.4% ● Operating income decreased 19.7% to $35.4 million ● N et income decreased 49.1% to $10.4 million,

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ROCKY BRANDS, INC. reported fourth quarter ended December 31, 2023 results: revenue $126.0 million, net income $6.7 million, or $0.91 per diluted share, EPS $0.91 per diluted share.

Period: fourth quarter ended December 31, 2023
Revenue: $126.0 million
Net income: $6.7 million, or $0.91 per diluted share
EPS: $0.91 per diluted share
Result: reported results

Exact text from the filing

Inc. (NASDAQ: RCKY) today announced financial results for its fourth quarter and year ended December 31, 2023 . Fourth Quarter 2023 Overview ● Net sales decreased 9.3% to $126.0 million ● Wholesale segment sales decreased 13.3%; Retail segment sales increased 1.5% ● Operating income increased 8.2% to $14.7 million ● Net income increased 3.0% to $6.7 million, or

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Source: SEC EDGAR

accession 0001437749-24-005899

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