{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-013970","form_type":"8-K","ticker":"RCKY","cik":"0000895456","company_name":"ROCKY BRANDS, INC.","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.363713+00:00","generated_at":"2026-06-03T05:13:41.494773+00:00","sec_items":["1.01","2.03","1.02","2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Rocky Brands Q1 net sales up 2.2% to $112.9M; net income $0.34 per share vs loss; debt refinanced with Bank of America","bullets":["Net sales $112.9M, +2.2% YoY; operating income $8.0M, +92.1%.","Diluted EPS $0.34 vs -$0.05; adjusted EPS $0.41 vs -$0.12.","Inventories down 26% to $165.1M; total debt down 29% to $156.0M.","Entered new ABL facility ($175M revolver + $50M term) with Bank of America; retired TCW term loan.","Expects ~$2.9M interest savings in 2024 (offset by ~$2.6M fees) and ~$4.4M annual savings in 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-013970","json":"https://secwatch.observer/filing/0001437749-24-013970.json","markdown":"https://secwatch.observer/filing/0001437749-24-013970.md","text":"https://secwatch.observer/filing/0001437749-24-013970.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/895456/000143774924013970/0001437749-24-013970-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/895456/000143774924013970/rcky20240329_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T05:13:41.494773+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7d65794d00d5669082f0bad5f8698574620d16c0","claim":"ROCKY BRANDS, INC. incurred credit facility of $175 million revolving facility (with a $50 million accordion feature) and a $50 million term loan facility with Bank of America, N.A. at Base Rate or Term SOFR, plus in each case an interest margin determined by the C.","evidence_excerpt":"retired all amounts outstanding under, and terminated, the Existing Term Loan Agreement. The ABL Agreement consists of a senior secured asset-based credit facility with a $175 million revolving facility (with a $50 million accordion feature) and a $50 million term loan facility. As of April 26, 2024, the Company had $162,870,805.71 in borrowings under the ABL","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/895456/000143774924013970/0001437749-24-013970-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$175 million revolving facility (with a $50 million accordion feature) and a $50 million term loan facility"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Rate","value":"Base Rate or Term SOFR, plus in each case an interest margin determined by the C"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"52f265f6e4bcc4889dbacd03497827072b58d02a","claim":"ROCKY BRANDS, INC. reported first quarter ended March 31, 2024 results: revenue $112.9 million, net income $2.6 million, EPS $0.34 per diluted share.","evidence_excerpt":"Net sales increased 2.2% to $112.9 million and increased 7.6% excluding Servus brand net sales from the year ago period ● Operating income increased 92.1% to $8.0 million, or 76.4% to $8.7 million on an adjusted basis ● Net income was $2.6 million, or $0.34 per diluted share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/895456/000143774924013970/0001437749-24-013970-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$112.9 million"},{"label":"Net income","value":"$2.6 million"},{"label":"EPS","value":"$0.34 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}