---
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"
generated_at: "2026-06-03T05:13:41.494773+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# 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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 1.02, 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-013970
- JSON: https://secwatch.observer/filing/0001437749-24-013970.json
- Plain text: https://secwatch.observer/filing/0001437749-24-013970.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: $175 million revolving facility (with a $50 million accordion feature) and a $50 million term loan facility
  - Counterparty: Bank of America, N.A.
  - Rate: Base Rate or Term SOFR, plus in each case an interest margin determined by the C
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/895456/000143774924013970/0001437749-24-013970-index.htm
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2024
  - Revenue: $112.9 million
  - Net income: $2.6 million
  - EPS: $0.34 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/895456/000143774924013970/0001437749-24-013970-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.