NASDAQ$RCKY

Rocky Brands Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Rocky Brands' first quarter was marked by a significant increase in net sales and operating income, driven by the acquisition of the Boston Group and strong demand for its brands.

Rocky Brands reported a strong first quarter with net sales increasing by 90.5% to $167.0 million. Operating income also saw a substantial increase of 100.5% to $13.2 million. Net income increased by 63.4% to $7.3 million, or $0.99 per diluted share.

  • Net sales increased 90.5% to $167.0 million.
  • Wholesale segment sales increased 126.2%; Retail segment sales increased 19.3%.
  • Operating income increased 100.5% to $13.2 million.
  • Net income increased 63.4% to $7.3 million, or $0.99 per diluted share.

Headline financials

Total Revenue

$167M

Previous: $87.7M+90.5%
EPS (adj)

$1.10

Previous: $1.19-7.6%
Capital Expenditures

-$1.24M

Previous: -$1.21M-2.8%
Free Cash Flow

$6.1M

Previous: $3.28M+85.7%
Net Income

$7.34M

Previous: $4.49M+63.4%
Operating Income

$13.2M

Previous: $6.58M+100.5%
Gross Profit

$62.8M

Previous: $35.1M+78.8%
Cash & Equivalents

$15M

Previous: $8.89M+68.1%
Total Assets

$685M

Previous: $449M+52.5%
Stock-Based Comp

$248K

Previous: $278K-10.8%

Revenue & EPS history

Rocky Brands · Revenue · Quarterly

$167M

Q1 2022+90.5%vs Q1 2021
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Rocky Brands · $167M total across 3 segments · Q1 2022

  • Wholesale
    $134M+126.4%
  • Retail
    $28.6M+19.2%
  • Contract Manufacturing
    $4.4M

Forward guidance

Rocky Brands anticipates gaining further efficiencies and managing inventories down to more normalized levels.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+3.0%

Avg return

Earnings day

+6.3%

Avg return

5 days after

+6.7%

Avg return

30 days after

62%

40 / 65 earnings

Positive

+53.3%

Q1 2025

Best reaction

-26.6%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.4%+3.1%+2.6%
Q4 2025+37.8%+35.3%+13.2%
Q3 2025-2.0%-4.7%+1.5%
Q1 2025+53.3%+34.6%+63.1%
Q4 2024-10.9%-19.6%-25.4%
Q3 2024-26.6%-25.1%-21.7%
Q2 2024-2.8%-16.7%-10.7%
Q1 2024+22.2%+29.7%+37.4%
Q4 2023-18.4%-14.4%-11.3%
Q3 2023+47.5%+78.8%+135.2%
Q2 2023+2.4%+1.6%-11.7%
Q1 2023-26.6%-26.7%-33.6%
Q4 2022+1.4%-2.2%-15.9%
Q3 2022+11.4%+14.5%+42.3%
Q2 2022-15.7%-18.0%-23.5%
Q1 2022+1.9%-5.5%-4.8%
Q4 2021+23.2%+19.5%+7.9%
Q3 2021-23.2%-24.8%-38.1%
Q2 2021-14.0%-7.9%-15.0%
Q1 2021+13.5%+18.9%-0.7%
Q4 2020+13.6%+35.2%+39.8%
Q3 2020+4.5%+11.1%+27.1%
Q2 2020+49.7%+27.3%+30.2%
Q1 2020+4.0%-6.5%+1.6%
Q4 2019+5.6%-1.4%-24.3%
Q3 2019-13.6%-13.3%-15.4%
Q2 2019+4.8%+9.0%-2.7%
Q1 2019+7.5%+5.9%+6.0%
Q4 2018+5.3%+8.5%-12.4%
Q3 2018+3.0%+7.8%-0.9%
Q2 2018+22.0%+15.3%+13.8%
Q1 2018+6.2%+10.0%+21.6%
Q4 2017+9.4%+12.1%+25.2%
Q3 2017+1.4%+24.9%+34.4%
Q2 2017+13.4%+10.6%+6.3%
Q1 2017+10.6%+27.2%+27.6%
Q4 2016-0.9%+1.8%-2.2%
Q3 2016+2.9%+4.4%+8.7%
Q2 2016-9.1%-12.9%-13.8%
Q1 2016-11.6%
Q4 2015-6.2%
Q3 2015-15.8%
Q2 2015-10.6%
Q1 2015+0.6%
Q4 2014+29.4%
Q3 2014-1.7%
Q2 2014+4.0%
Q1 2014-0.8%
Q4 2013+0.5%
Q3 2013-21.2%
Q2 2013+13.6%
Q1 2013+3.3%
Q4 2012-10.0%
Q3 2012-1.5%
Q2 2012-10.6%
Q1 2011+3.1%
Q1 2012+1.9%
Q4 2011-0.8%
Q3 2010-2.0%
Q3 2011-2.0%
Q2 2011+3.4%
Q2 2010+3.4%
Q4 2009+3.4%
Q4 2010+3.4%
Q1 2010+3.6%

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