Rocky Brands Inc (OQ:RCKY)

Sector:  Consumer Cyclicals Industry:  Footwear
 
See Regulatory Filings on SEC
Company Contact
Address: 39 E Canal St
NELSONVILLE OH 45764
Tel: 1-203-6828200
Website: https://www.rockybrands.com/brands
IR: See website
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Key People
Jason S. Brooks
Chairman of the Board, President, Chief Executive Officer
Thomas D. Robertson
Chief Financial Officer, Chief Operating Officer, Treasurer
Byron Wortham
Senior Vice President - Georgia Boot and Durango Brands
Business Overview
Rocky Brands, Inc. is a designer, manufacturer and marketer of footwear and apparel. It markets its products under a portfolio of brand names, including Rocky, Georgia Boot, Durango, Lehigh, The Original Muck Boot Company, XTRATUF, Ranger and the licensed brand Michelin. It operates through three segments: Wholesale, Retail and Contract Manufacturing. Its Wholesale segment distributes products through a range of distribution channels representing over 10,000 retail store locations in the United States, Canada, United Kingdom, and others. Retail segment markets directly to consumers through its Lehigh business-to-business, including direct sales and through its CustomFit Websites, consumer e-commerce Websites, third-party marketplaces, and Rocky outlet stores. Its Contract Manufacturing segment includes sales to the United States Military, private label sales and any sales to customers in which it is contracted to manufacture or source a specific footwear product for a customer.
Financial Overview
For the fiscal year ended 31 December 2023, Rocky Brands Inc revenues decreased 25% to $461.8M. Net income decreased 49% to $10.4M. Revenues reflect Wholesale segment decrease of 30% to $337M. Net income also reflects INTEREST EXPENSE AND OTHER net increase of 16% to $21.2M (expense). Dividend per share remained flat at $0.62. Basic Earnings per Share excluding Extraordinary Items decreased from $2.80 to $1.42.
Employees: 2,060 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $354.64M as of Dec 31, 2023
Annual revenue (TTM): $461.83M as of Dec 31, 2023
EBITDA (TTM): $52.11M as of Dec 31, 2023
Net annual income (TTM): $10.43M as of Dec 31, 2023
Free cash flow (TTM): $65.09M as of Dec 31, 2023
Net Debt Last Fiscal Year: $168.66M as of Dec 31, 2023
Shares outstanding: 7,412,480 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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