Rocky Brands 2024 10-K: Goodwill Declines
Ticker: RCKY · Form: 10-K · Filed: Mar 17, 2025 · CIK: 895456
| Field | Detail |
|---|---|
| Company | Rocky Brands, Inc. (RCKY) |
| Form Type | 10-K |
| Filed Date | Mar 17, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: annual-report, goodwill, divestiture
TL;DR
Rocky Brands 2024 10-K filed. Goodwill down to $23M. Check financials.
AI Summary
Rocky Brands, Inc. filed its 2024 10-K on March 17, 2025, reporting financial results for the fiscal year ending December 31, 2024. The company's goodwill allocated to its Wholesale and Retail segments was $23.0 million as of December 31, 2024, down from $24.8 million in the prior year. This filing covers the company's performance and financial position for the period.
Why It Matters
This filing provides investors with the official financial performance and position of Rocky Brands for the 2024 fiscal year, including details on assets like goodwill which can indicate past acquisitions or impairments.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not contain immediate red flags or significant positive news, indicating a neutral risk profile.
Key Numbers
- $23.0M — Goodwill (Allocated to Wholesale and Retail segments as of December 31, 2024.)
- $24.8M — Goodwill (Allocated to Wholesale and Retail segments as of December 31, 2023.)
- 2024 — Fiscal Year End (Reporting period for the 10-K.)
Key Players & Entities
- ROCKY BRANDS, INC. (company) — Filer
- 2024 (date) — Fiscal Year End
- March 17, 2025 (date) — Filing Date
- $23.0 million (dollar_amount) — Goodwill allocated to Wholesale and Retail segments as of December 31, 2024
- $24.8 million (dollar_amount) — Goodwill allocated to Wholesale and Retail segments as of December 31, 2023
FAQ
What was the total revenue for Rocky Brands in fiscal year 2024?
The provided text does not explicitly state the total revenue for fiscal year 2024. It focuses on goodwill amounts and segment allocations.
What is the reason for the decrease in goodwill from $24.8 million to $23.0 million?
The filing mentions the divestiture of the Servus brand during the year ended December 31, which could be a contributing factor to the goodwill reduction, but the specific reason for the change is not detailed in the provided excerpt.
Which reporting segments have goodwill allocated to them?
Goodwill is allocated to the Wholesale and Retail reporting segments.
Was any goodwill allocated to the Contract Manufacturing segment?
No, the filing states that no goodwill was allocated to the Contract Manufacturing segment for either period presented.
When was the 10-K filing submitted to the SEC?
The 10-K filing was submitted on March 17, 2025.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 17, 2025 regarding ROCKY BRANDS, INC. (RCKY).