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Dec 31, 2021
Rocky Brands Q4 2021 Earnings Report
Reported a significant increase in net sales and operating income, driven by the acquisition of the Boston Group and strong demand for its brands.
Key Takeaways
Rocky Brands, Inc. announced strong fourth-quarter results, with net sales increasing by 93.4% to $169.5 million and operating income rising by 41.1% to $18.2 million. The results were boosted by the acquisition of the Boston Group and sustained demand for the company's brands.
Net sales increased 93.4% to $169.5 million.
Wholesale segment sales increased 124.9%, and Retail segment sales increased 12.6%.
Operating income increased 41.1% to $18.2 million.
Adjusted net income increased 34.3% to $13.8 million, or $1.86 per diluted share.
Revenue by Segment
Forward Guidance
The company is focused on identifying synergies and cost-saving opportunities and driving operational excellence throughout the newly combined Company. They are in a solid position to take better advantage of their enviable inventory position and leverage their North American-based manufacturing facilities to drive profitable growth and generate greater shareholder value.
Positive Outlook
- Identifying synergies
- Cost-saving opportunities
- Driving operational excellence
- Advantage of inventory position
- Leverage North American-based manufacturing facilities
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
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