Rocky Brands, Inc. announced its financial results for the fourth quarter and full year ended December 31, 2024. For the fourth quarter, net sales increased 8.8% year-over-year to $128.1 million, with diluted EPS of $0.64 and adjusted diluted EPS of $1.19.
For the full year 2024, net sales were $453.77 million, a 1.7% decrease from $461.83 million in fiscal year 2023. Diluted EPS for the full year was $1.53, an increase from $1.42 in the prior year, with adjusted diluted EPS at $2.54.
The company provided its full-year 2025 guidance, projecting revenue to increase between 4% and 5% over 2024 levels. Gross margins are expected to be down approximately 70 basis points from 39.4% in 2024, incorporating an anticipated $11 million headwind from U.S. government tariffs on imported products.
Management anticipates 2025 EPS to increase approximately 10% over 2024's adjusted $2.54 per share, an upgrade from a prior forecast of a slight year-over-year decline. Additionally, Rocky Brands initiated a $7.5 million share repurchase program in February 2025, underscoring confidence in its financial health and commitment to shareholder value.
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