secwatch.observer — SEC 8-K summary
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Issuer:     ROCKY BRANDS, INC. (RCKY)
CIK:        0000895456
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001437749-24-013970
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.03, 1.02, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895456/000143774924013970/0001437749-24-013970-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895456/000143774924013970/rcky20240329_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-013970

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