The company posted a profit of $13.9 million, or $1.83 a share, compared to $3.6 million, or 48 cents per share, during the same period last year. Chief Executive Jason Brooks attributed the earnings jump to the recovery of IEEPA tariffs, which effectively cushioned the firm against incremental expenses from adjusted sourcing and shipping operations. Adjusted earnings, excluding one-time items, reached $1.90 a share.
In section Market Quotes
Rocky Brands Stock Surges as Tariff Refunds Fuel Profit Spike
Shares of Rocky Brands jumped 17% in after-hours trading Tuesday, hitting $49.97, after the footwear manufacturer reported a nearly fourfold surge in quarterly profit. The financial windfall, driven primarily by government tariff refunds, helped the company offset rising costs tied to shifting supply chain and manufacturing strategies.
Revenue grew to $118.4 million, up from $105.6 million a year ago. Brooks noted that this 12% sales growth indicates a sustained acceleration in demand, building on momentum from previous quarters. Following Tuesday’s 2.9% gain during regular market hours, the stock has now climbed 46% so far this year.
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