Rocky Shoes & Boots, Inc. has announced record financial results for the fourth quarter and fiscal year ended December 31, 2004.

For the three months ended December 31, 2004, net sales increased 12.6% to a record $32.9 million compared with $29.2 million for the corresponding period a year ago. Net income rose 4.2% to a record $2.2 million versus net income of $2.1 million last year. The fourth quarter results benefited from shipments of $5.7 million of boots produced for delivery to the US military versus $0.4 million for the corresponding period last year. Gross profit decreased to $9.3 million, or 28.2% of sales, from $9.5 million or 32.5% of sales, for the same period last year, due to the $5.3 million of increased shipments to the US military, which were sold at lower gross margins than branded products.

Share this story: