ROCKY BRANDS, INC. (RCKY) Form 10-Q — Nov 3, 2026
Rocky Brands posted a strong Q3 2026, with net sales up 13.3% year-over-year to $138.8 million and diluted EPS of $1.69 versus $0.96 a year ago. Gross margin expanded to 45.0% from 40.2%, and operating income rose to $18.2 million from $11.7 million. The margin gains were substantially aided by a $20.5 million IEEPA tariff refund benefit recognized in the first nine months, plus a temporary $3.5 million benefit from selling free trade zone inventory that carried no incremental tariffs. Only $2.5 million of the tariff refund hit the third quarter, with the remainder recognized earlier in 2026.
Key figures
- Eps
- 1.69
- Revenue
- 138814000
- Net Income
- 12848000
- Total Debt
- 116028000
- Revenue Yoy
- 13.3%
- Total Assets
- 515476000
- Cash Position
- 2292000
- Shares Outstanding
- 7530767
- Ytd net sales
- 381583000
- Ytd net income
- 27988000
- Ytd diluted eps
- 3.68
- Ytd revenue yoy
- 11.5%
- Abl availability
- 67500000
- Buyback avg price
- 37.09
- Q3 2025 net sales
- 122540000
- Q3 2025 eps diluted
- 0.96
- Q3 gross margin pct
- 45
- Ftz inventory benefit
- 3500000
- Debt reduction yoy pct
- 16.6%
- Ieepa refunds received
- 12200000
- Operating cash flow ytd
- 18227000
- Q3 2025 gross margin pct
- 40.2
- Buyback shares repurchased
- 53664
- Ieepa tariff refund benefit
- 20500000
- Ieepa receivable outstanding
- 8300000
- Buyback remaining authorization
- 5509574
AI analysis
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