secwatch.observer — SEC 8-K summary
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Issuer:     ROCKY BRANDS, INC. (RCKY)
CIK:        0000895456
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001437749-24-023906
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rocky Brands Q2 net loss narrows to $0.17/sh; adjusted EPS $0.17; debt down 31% YoY
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- Net sales $98.3M, down 1.6% YoY; recurring sales up 6.1% excluding non-recurring items.
- Operating income $4.5M, up 104.7% vs Q2 2023; gross margin improved 110 bps to 38.7%.
- Net loss $1.2M ($0.17 diluted loss); adjusted net income $1.3M ($0.17 diluted) vs $0.00/sh year ago.
- Inventories fell 20.0% to $175.0M; total debt reduced 31.3% to $152.4M YoY.
- Debt refinancing in April 2024 expected to generate ~$4.4M annualized savings starting 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/895456/000143774924023906/0001437749-24-023906-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/895456/000143774924023906/rcky20240613_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-023906

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer