NASDAQ$RCKY

Rocky Brands Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported record results with revenue increased by 134.2% and diluted earnings per share increased by 57.6%.

Rocky Brands, Inc. announced record second-quarter results, with net sales increasing by 134.2% to $131.6 million. Diluted earnings per share increased by 57.6% to $0.52, and adjusted diluted earnings per share increased by 120.0% to $0.99.

  • Net sales increased 134.2% to $131.6 million.
  • Wholesale segment sales increased 195.0%; Retail segment sales increased 36.8%.
  • Gross margin increased 280 basis points to 37.4%.
  • Net income increased 59.5% to $3.9 million, or $0.52 per diluted share.

Headline financials

Total Revenue

$132M

Previous: $56.2M+134.2%
EPS (adj)

$0.99

Previous: $0.44+125.0%
Gross Margin

37.4%

No prior period
OpEx % of Sales

30.9%

No prior period
Capital Expenditures

-$9.76M

Previous: -$5.55M-75.9%
Free Cash Flow

-$5.86M

Previous: -$3.11M-88.7%
Net Income

$3.9M

Previous: $2.44M+59.5%
Operating Income

$8.44M

Previous: $3.1M+172.2%
Gross Profit

$49.2M

Previous: $19.5M+152.6%
Cash & Equivalents

$8.36M

Previous: $25.8M-67.6%
Total Assets

$477M

Previous: $201M+136.9%
Stock-Based Comp

$330K

Previous: $195K+69.2%

Revenue & EPS history

Rocky Brands · Revenue · Quarterly

$132M

Q2 2021+134.2%vs Q2 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Rocky Brands · $132M total across 3 segments · Q2 2021

  • Wholesale
    $101M
  • Retail
    $22.3M
  • Contract Manufacturing
    $8.1M

Forward guidance

The company is well positioned to continue capitalizing on its current momentum and successfully integrating its recent acquisition to unlock even greater earnings power from its operating model in the years ahead.

Tailwinds

  • Innovative product introductions
  • Enhanced consumer engagement
  • Effective inventory management
  • Fueling market share gains in work, western and outdoor markets
  • Newest additions to brand portfolio are performing very well

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 Q2 2021

Historical avgQ2 2021

+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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