ROCKY BRANDS, INC. (RCKY) Form 10-Q — Aug 4, 2026

$RCKYForm 10-QFiled Aug 4, 2026, 4:20 PM ET0001437749-26-025672Original filing

Rocky Brands reported Q2 2026 net sales of $118.4 million, up 12.0% year-over-year, with net income of $13.9 million, or $1.83 per diluted share, versus $3.6 million, or $0.48, in the year-ago quarter. Growth was broad-based across all three segments, led by Retail sales up 21.8%, and first-half sales rose 10.5% to $242.8 million. The profit jump was driven largely by a one-time item: after the U.S. Supreme Court invalidated certain IEEPA tariffs, the company recognized an $18.0 million benefit as a reduction to cost of goods sold, lifting gross margin to 51.4% of sales from 41.0%.

Key figures

Eps: $1.83 diluted (Q2 2026); $1.99 diluted (first half 2026)
Revenue: $118.4 million (Q2 2026)
Net Income: $13.9 million (Q2 2026) vs $3.6 million year-ago; $15.1 million (first half)
Total Debt: $122.4 million (net of debt issuance costs), down 7.6% YoY
Revenue Yoy: +12.0% Q2 YoY; +10.5% first-half YoY to $242.8 million
Cash Position: $2.6 million
Shares Outstanding: 7491911
Ar Writeoff: $1.1 million write-off tied to a customer bankruptcy in Q2 2026
Inventories: $173.5 million, down 7.1% YoY
Buyback Program: $7.5 million authorization; 53,664 shares repurchased for $2.0 million at $37.09 average; $5.5 million remaining
Gross Margin Pct: 51.4% of net sales in Q2 2026 vs 41.0% year-ago
Abl Availability: $46.3 million remaining borrowing capacity
Ieepa Receivable: $16.8 million at June 30, 2026; $8.2 million collected subsequent to quarter-end
Dividend Per Share: $0.17 paid in Q2 2026 (up from $0.155)
Effective Tax Rate: 21.5% Q2 2026 vs 22.2% year-ago
Ieepa Tariffs Paid: $20.5 million subject to invalidated IEEPA tariffs
Operating Cash Flow: $9.7 million first half 2026 vs $2.0 million prior year
Hts Gain Contingency: $7.9 million potential duty refund from HTS misclassification; $5.1 million received to date
Income From Operations: $19.7 million Q2 2026 vs $7.2 million year-ago
Ieepa Tariff Refund Benefit: $18.0 million reduction to cost of goods sold recognized in Q2 2026, plus $2.5 million reduction to inventory

Price after filing

1 day: -1.0%7 days: -6.0%30 days: -12.1%

Close on the filing date to close N calendar days later (from $50.47). Historical, not a forecast.

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