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 |
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 |