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Rocky Brands Q2 profit climbs 32.5% YOY

Rocky Brands Inc. said its second-quarter normalized net income was 25 cents per share, compared with the S&P Capital IQ consensus estimate of 23 cents per share.

EPS increased 31.9% year over year from 19 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.9 million, an increase of 32.5% from $1.5 million in the prior-year period.

The normalized profit margin rose to 2.8% from 2.1% in the year-earlier period.

Total revenue came to $68.6 million, compared with $68.8 million in the prior-year period, and total operating expenses decreased year over year to $65.3 million from $66.3 million.

Reported net income rose 30.6% from the prior-year period to $2.0 million, or 26 cents per share, from $1.5 million, or 20 cents per share.