Financial Performance - Net sales for Q4 2024 were 80.5million,flatcomparedtoQ42023[11]−Grossearningsasapercentageofnetsalesdecreasedto47.910.0 million compared to 8.5millioninQ42023[11]−NorthAmericanwholesalesegmentnetsaleswere227.9 million for 2024, down 9% from 250.4millionin2023[13]−Retailsegmentnetsalesreachedarecord38.7 million in 2024, up 2% from 38.0millionin2023[15]−FlorsheimAustralianetsalestotaled23.6 million in 2024, down 20% from 29.6millionin2023[17]−Wholesaleoperatingearningsfor2024were31.5 million, down 5% from 33.3millionin2023[14]−Florsheim′ssalesincreasedby20.26 per share, payable on March 31, 2025[22] - Cash dividends paid increased to 9,688thousandin2024from9,286 thousand in 2023, representing an increase of 4.3%[29] Assets and Liabilities - Total assets increased to 324,086thousandin2024,upfrom309,342 thousand in 2023, representing a growth of 4.8%[28] - Total current liabilities rose significantly to 47,263thousandin2024,comparedto29,622 thousand in 2023, marking a substantial increase of 59.5%[28] - The company experienced a decrease in accounts receivable, net, to 37,464thousandin2024from39,275 thousand in 2023, a decline of 4.6%[28] - Total equity increased to 245,585thousandin2024,upfrom244,493 thousand in 2023, showing a growth of 0.4%[28] Cash Flow - The company reported a net cash provided by operating activities of 16,150thousandin2024,adecreaseof83.798,631 thousand in 2023[29] - Cash and cash equivalents at the end of 2024 were 70,963thousand,comparedto69,312 thousand at the end of 2023, reflecting an increase of 2.4%[29] - The company reported a net increase in cash and cash equivalents of 1,651thousandin2024,downfrom52,436 thousand in 2023, indicating a significant decline of 96.9%[29] Inventory - The company’s inventories decreased slightly to 74,012thousandin2024from74,890 thousand in 2023, a reduction of 1.2%[28]
Weyco (WEYS)2025-03-04 21:05