Rocky Brands, Inc. (NASDAQ:RCKY) Q4 2022 Earnings Conference Call February 23, 2023 4:30 PM ET Company Participants Brendon Frey - Investor Relations Jason Brooks - Chairman & Chief Executive Officer Thomas Robertson - Executive Vice President & Chief Financial Officer Conference Call Participants Jonathan Komp - Baird Operator Greetings and welcome to the Rocky Brands Fourth Quarter Fiscal 2022 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my ...

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34382 ROCKY BRANDS, INC. (Exact name of Registrant as specified in its charter) Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR (State or other jurisdiction of incorporation or organizati ...

Rocky Brands, Inc. (NASDAQ:RCKY) Q3 2022 Earnings Conference Call November 2, 2022 4:30 PM ET Company Participants Brendon Frey - IR, ICR Jason Brooks - Chairman & CEO Thomas Robertson - EVP & CFO Conference Call Participants Jonathan Komp - Baird Operator Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to the Rocky Brands Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. Following the presentation, we will conduct a question- ...

OR Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34382 ROCKY BRANDS, INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) ( ...

Rocky Brands, Inc. (NASDAQ:RCKY) Q2 2022 Results Earnings Conference Call August 2, 2022 4:30 PM ET Company Participants Brendon Frey - Investor Relations, ICR Jason Brooks - Chairman and Chief Executive Officer Thomas Robertson - Executive Vice President and Chief Financial Officer Conference Call Participants Susan Anderson - B. Riley FBR, Inc. Mackenzie Boydston - BTIG Securities Jonathan Komp - Robert W. Baird Robert Shapiro - Singular Research Operator Good afternoon, ladies and gentlemen. And thank yo ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Registrant's telephone number, including area code: (740) 753‑9100 Title of class Trading symbol Name of exchange on which registered Common Stock – No Par Value RCKY Nasd ...

Rocky Brands, Inc. (NASDAQ:RCKY) Q12022 Earnings Conference Call May 3, 2022 4:30 PM ET Company Participants Brendon Frey - ICR, Investor Relations Jason Brooks - CEO Tom Robertson - CFO Conference Call Participants Alec Legg - B. Riley Mackenzie Boydston - BTIG Jonathan Komp - Baird Rob Shapiro - Singular Research Operator Good afternoon, ladies and gentlemen. Thank you for standing by, and welcome to the Rocky Brands First Quarter 2022 Earnings Conference Call. At this time, all participants are in a list ...

Financial Performance - Total net sales for the year ended December 31, 2021, reached $514.2 million, an increase of 85.4% compared to $277.3 million in 2020[161]. - Wholesale net sales increased by 110.8% to $391.1 million, driven by strong demand and the acquisition of new brands, contributing $160 million to this segment[161][162]. - Retail net sales grew by 29.9% to $94.7 million, with $17.6 million attributed to the acquired brands, bolstered by increased e-commerce traffic[162]. - Contract manufacturing net sales increased by 51.0% to $28.5 million, supported by military contracts and private label programs[161][163]. - Net income for 2021 was $20.6 million, slightly down from $21.0 million in 2020, with diluted earnings per share at $2.77[219]. - The pro forma net sales for the twelve months ended December 31, 2021, were $552.9 million, up from $482.6 million in 2020[271]. - The pro forma net income for the twelve months ended December 31, 2021, was $40.2 million, down from $41.7 million in 2020[271]. Operating Expenses - Operating expenses rose by 104.4% to $158.6 million, primarily due to integration costs from the acquisition, with $11.9 million related to the acquisition in 2021[167]. - Operating income decreased to 7.0% of net sales from 9.8% in the previous year, reflecting increased operating expenses[160]. - Advertising expenses increased to approximately $17.9 million in 2021 from $8.4 million in 2020, attributed to the acquisition[247]. - Shipping costs rose to approximately $25.1 million in 2021 from $10.5 million in 2020, also due to the acquisition[248]. - Depreciation and amortization expenses increased to $11,342,000 in 2021 from $5,240,000 in 2020[224]. Cash Flow and Liquidity - Operating activities resulted in a net cash outflow of $54.9 million in 2021, compared to an inflow of $31.4 million in 2020, primarily due to increased inventories and accounts receivable[175]. - The principal use of cash in 2021 was to fund an acquisition, while 2020 cash was mainly used for investments in manufacturing and IT[176]. - The company anticipates sufficient liquidity to fund operations for at least the next twelve months, contingent on future operating performance[174]. - Total cash and cash equivalents at the end of the period decreased to $5,909,000 from $28,353,000 at the beginning of the period[224]. Assets and Liabilities - The company's total assets as of December 31, 2021, were $624.6 million, significantly higher than $229.1 million in 2020, indicating strong growth[217]. - Current assets increased to $375.3 million in 2021 from $163.2 million in 2020, driven by higher trade receivables and inventories[217]. - The company's total liabilities increased to $426.7 million in 2021 from $49.6 million in 2020, primarily due to the long-term debt incurred from acquisitions[217]. - Total contractual obligations amounted to $287.5 million as of December 31, 2021, with long-term debt comprising $273.6 million[180]. Acquisitions - The acquisition of Honeywell's performance and lifestyle footwear business was completed for approximately $207 million, expanding the brand portfolio significantly[148][149]. - The acquisition contributed net sales of $179.0 million and net income of $16.5 million for the year ended December 31, 2021[262]. - The acquisition of the Boston Group on March 15, 2021, was for approximately $212 million, contributing to identified intangible assets of $149.2 million[213]. - Total identifiable net assets from the acquisition were valued at $215.1 million, with goodwill amounting to $50.6 million[268][269]. Taxation - The effective tax rate decreased to 19.0% from 22.3%, mainly due to a one-time benefit from the release of valuation allowances[169]. - Federal, state, and local income taxes paid in 2021 totaled $8,638,000, compared to $4,669,000 in 2020, indicating a rise in tax obligations[344]. Shareholder Information - The company paid dividends of $4,299,000 in 2021, up from $4,093,000 in 2020, reflecting an increase in the quarterly dividend from $0.56 to $0.59 per share[224]. - The maximum authorized share repurchase amount remained at $7,500,000 for both 2021 and 2020, with no shares repurchased in 2021 compared to 129,095 shares in 2020[318]. - The company recognized a tax benefit of $192,000 from share-based compensation in 2021, compared to $58,000 in 2020, representing a 231.0% increase[322]. Employee Compensation - The company’s 401(k) savings plan includes a contribution of 3% of applicable salary and a matching contribution of up to 1% of the employee's applicable salary[303]. - 401(k) plan sponsor contributions increased from $961,000 in 2020 to $1,311,000 in 2021, representing a 36.4% increase[304]. - Share-based compensation expense rose from $780,000 in 2020 to $1,265,000 in 2021, a 62.1% increase[322]. Market Presence - The company has a diverse distribution network with over 10,000 retail store locations across the U.S., Canada, and Europe, indicating strong market presence[329]. - The company has a diverse portfolio of brands, including Rocky, Georgia Boot, and Michelin, targeting six key markets[227]. - The company has restructured its reporting segments to include Wholesale, Retail, and Contract Manufacturing, reflecting changes in business strategy[229].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-34382 ROCKY BRANDS, INC. (Exact name of Registrant as specified in its charter) (State or other jurisdiction of incorporation or organizati ...

Rocky Brands, Inc. (NASDAQ:RCKY) Q3 2021 Earnings Conference Call November 2, 2021 4:30 PM ET Company Participants Brendon Frey - ICR, Investor Relations Jason Brooks - CEO Tom Robertson - CFO Conference Call Participants Alec Legg - B. Riley FBR Camilo Lyon - BTIG Jonathan Komp - Baird Operator Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to the Rocky Brands' Third Quarter Fiscal 2021 Earnings Conference Call. At this time, all participants are in a listen-only. Following th ...