Rocky Shoes & Boots, Inc. Reaffirms Third Quarter Earnings
Expectation
NELSONVILLE, Ohio, Oct. 5 /PRNewswire-FirstCall/ -- Rocky Shoes & Boots, Inc. (NASDAQ:RCKY) today announced it anticipates record net sales and record
earnings per share for the three months ended September 30, 2004.
For the third quarter of 2004, the Company expects net sales to be
approximately $50 million and fully diluted earnings to meet the consensus
estimate of $0.95 per share. The Company reported net sales of $41 million and
fully diluted earnings of $0.77 per share for the same period last year.
Mike Brooks, Chairman and Chief Executive Officer, commented, "The preliminary
third quarter results reflect the strength of our business and a commitment to
achieve record performance despite challenging conditions. Our factories in
Puerto Rico and the Dominican Republic were impacted by multiple hurricanes
during the second half of the third quarter. This primarily resulted in loss
of power for several days, but the facilities did not incur severe structural
damage. We were able to achieve our third quarter production objectives as a
result of dedicated efforts throughout the Company." The company plans to report its full third quarter results in late October
2004.
About Rocky Shoes & Boots, Inc.
Rocky Shoes & Boots, Inc. designs, develops, manufactures and markets premium
quality rugged outdoor, occupational, work and casual footwear, as well as
branded clothing and accessories. The Company's footwear, clothing and
accessories are marketed through several distribution channels, primarily under
the registered trademarks, ROCKY and GATES.
Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995 This press release contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities and Exchange Act of 1934, as amended, which are intended
to be covered by the safe harbors created thereby. Those statements include,
but may not be limited to, all statements regarding intent, beliefs,
expectations, projections, forecasts, and plans of the Company and its
management, and include statements in this press release regarding anticipated
record net sales and record earnings per share for the three months ended
September 30, 2004 (paragraph one), expected net sales of approximately $50
million and fully diluted earnings of $0.95 per share for the third quarter
2004 (paragraph two), the Company's ability to meet its production objectives
for the third quarter (paragraph three), and the Company's plan to report its
full third quarter results in late October 2004 (paragraph four). These
forward-looking statements involve numerous risks and uncertainties, including,
without limitation, the risks that sales plans will not be met, that present
orders may be cancelled or delayed, that the general economy or consumer
spending habits will depress the market for the Company's products, that there
may be disruption in the shipment of products from overseas to the Company,
that the weather in 2004 is drier and warmer than normal, and all of the other
various risks inherent in the Company's business as set forth in periodic
reports filed with the Securities and Exchange Commission, including, the
Company's annual report on Form 10-K for the year ended December 31, 2003. One
or more of these factors have affected historical results, and could in the
future affect the Company's businesses and financial results in future periods
and could cause actual results to differ materially from plans and projections. Therefore there can be no assurance that the forward-looking statements
included in this press release will prove to be accurate. In light of the
significant uncertainties inherent in the forward-looking statements included
herein, the Company, or any other person should not regard the inclusion of
such information as a representation, that the objectives and plans of the
Company will be achieved. All forward-looking statements made in this press
release are based on information presently available to the management of the
Company. The Company assumes no obligation to update any forward-looking
statements. DATASOURCE: Rocky Shoes & Boots, Inc.
CONTACT: Jim McDonald, Vice President & CFO of Rocky Shoes & Boots, Inc., +1-740-753-1951
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