NASDAQ$RCKY

Rocky Brands Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported 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, 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.

Headline financials

Total Revenue

$169M

Previous: $87.6M+93.4%
EPS (adj)

$1.86

Previous: $1.41+31.9%
Capital Expenditures

$5.2M

Previous: $3.1M+67.7%
Free Cash Flow

-$31.6M

Previous: $10.2M-408.2%
Net Income

$12.5M

Previous: $9.7M+28.9%
Operating Income

$18.2M

Previous: $12.9M+41.1%
Gross Profit

$63.3M

Previous: $36.1M+75.3%
Cash & Equivalents

$5.9M

Previous: $28.4M-79.2%
Total Assets

$699M

Previous: $229M+205.3%
Stock-Based Comp

$330K

Previous: $194K+70.1%

Revenue & EPS history

Rocky Brands · Revenue · Quarterly

$169M

Q4 2021+93.4%vs Q4 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Rocky Brands · $161M total across 2 segments · Q4 2021

  • Wholesale
    $135M+125.0%
  • Retail
    $26.5M+12.8%

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.

Tailwinds

  • Identifying synergies
  • Cost-saving opportunities
  • Driving operational excellence
  • Advantage of inventory position
  • Leverage North American-based manufacturing facilities

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 Q4 2021

Historical avgQ4 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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