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Stock impact report

Rocky Brands, Inc. Announces 2020 First Quarter Results

Rocky Brands, Inc. (RCKY) 
Last rocky brands, inc. earnings: 4/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: rockybrands.com/investors
Company Research Source: Business Wire
NELSONVILLE, Ohio--(BUSINESS WIRE)--Rocky Brands, Inc. (NASDAQ: RCKY) today announced financial results for its first quarter ended March 31, 2020.First Quarter 2020 Sales and IncomeFirst quarter net sales were $55.7 million compared with $65.9 million in the first quarter of 2019. The Company reported first quarter net income of $1.2 million, or $0.16 per diluted share compared to net income of $3.6 million, or $0.48 per diluted share in the first quarter of 2019. Adjusted net income for the first quarter of 2020, which excludes expenses related to the closure of the Company’s manufacturing facilities due to COVID-19, was $2.0 million, or $0.27 per diluted share.Jason Brooks, President and Chief Executive Officer, commented, “Our business is holding up well despite one of the most difficult operating environments in our company’s long history. We entered 2020 with good momentum thanks to the multi-year execution of strategic initiatives that have enhanced our brands’ positioning Show less Read more
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