Loading...
•
Dec 31, 2020
Rocky Brands Q4 2020 Earnings Report
Reported a strong increase in revenue and earnings per share for the fourth quarter of 2020.
Key Takeaways
Rocky Brands, Inc. announced strong financial results for the fourth quarter and full year 2020. Fourth quarter net sales increased 16.3% to $87.6 million, and net income increased 91.1% to $9.7 million, or $1.33 per diluted share. For the full year, net sales increased 2.6% to $277.3 million, and net income increased 20.1% to $21.0 million, or $2.86 per diluted share.
Fourth quarter net sales increased 16.3% to $87.6 million.
Fourth quarter net income increased 91.1% to $9.7 million, or $1.33 per diluted share.
Gross margin in the fourth quarter of 2020 increased to 41.2% of sales, compared to 37.5% for the same period last year.
The company is on track to close the acquisition of the performance and lifestyle footwear business of Honeywell in March.
Revenue by Segment
Forward Guidance
The company believes it has the right strategies in place to continue expanding its market share both organically and through its proposed acquisition of the performance and lifestyle footwear business of Honeywell that is on track to close in March.
Positive Outlook
- Strong sales across the business leading to record revenue and profitability.
- Successfully weathered the initial challenges created by COVID-19.
- Capitalized on the opportunities that emerged as the economy reopened.
- The company's performance reflects the strong appeal of the brands and products.
- Enhanced fulfillment capabilities.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...