Weyco Group Q2 2024 Equity Snapshot

TL;DR

Weyco Group Q2 equity details filed. Common stock, reinvested earnings, etc. all laid out.

AI Summary

Weyco Group Inc. reported its second quarter 2024 results, ending June 30, 2024. The company's financial statements show various equity components, including common stock, capital in excess of par value, reinvested earnings, and accumulated other comprehensive income, as of June 30, 2024, and March 31, 2024. Specific dollar amounts for these components are detailed within the filing.

Why It Matters

This filing provides insight into Weyco Group's financial structure and equity changes, which can influence investor confidence and future stock performance.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report detailing financial equity, not indicating significant new risks.

Key Numbers

• 2024-06-30 — Reporting Period End (End of the second quarter for which financial data is reported.)
• 2024-08-08 — Filing Date (Date the 10-Q report was submitted to the SEC.)

Key Players & Entities

• WEYCO GROUP INC (company) — Filer
• 20240630 (date) — Reporting period end date
• 20240808 (date) — Filing date
• 0000106532 (company) — Central Index Key

FAQ

Key Financial Figures

• $1.00 — nge on which registered Common Stock - $1.00 par value per share WEYS The Nasdaq

Filing Documents

• weys-20240630x10q.htm (10-Q) — 1511KB
• weys-20240630xex10d2.htm (EX-10.2) — 9KB
• weys-20240630xex10d3.htm (EX-10.3) — 9KB
• weys-20240630xex10d4.htm (EX-10.4) — 8KB
• weys-20240630xex31d1.htm (EX-31.1) — 10KB
• weys-20240630xex31d2.htm (EX-31.2) — 10KB
• weys-20240630xex32.htm (EX-32) — 8KB
• 0001558370-24-011519.txt ( ) — 7395KB
• weys-20240630.xsd (EX-101.SCH) — 36KB
• weys-20240630_cal.xml (EX-101.CAL) — 70KB
• weys-20240630_def.xml (EX-101.DEF) — 91KB
• weys-20240630_lab.xml (EX-101.LAB) — 280KB
• weys-20240630_pre.xml (EX-101.PRE) — 224KB
• weys-20240630x10q_htm.xml (XML) — 1776KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. The following consolidated condensed balance sheet as of December 31, 2023, which has been derived from audited financial statements, and the unaudited interim consolidated condensed financial statements have been prepared by Weyco Group, Inc. ("we," "our," "us," and the "Company") pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to those rules and regulations, although we believe that the disclosures made are adequate to make the information not misleading. Please read these consolidated condensed financial statements in conjunction with the financial statements and notes thereto included in our latest Annual Report on Form 10-K. 1 WEYCO GROUP, INC. AND SUBSIDIARIES CONSOLIDATED CONDENSED BALANCE SHEETS (UNAUDITED) June 30, December 31, 2024 2023 (Dollars in thousands) ASSETS: Cash and cash equivalents $ 78,407 $ 69,312 Marketable securities, at amortized cost — 215 Accounts receivable, net 37,338 39,275 Income tax receivable 332 245 Inventories 67,944 74,890 Prepaid expenses and other current assets 3,506 6,172 Total current assets 187,527 190,109 Marketable securities, at amortized cost 6,367 6,354 Deferred income tax benefits 1,074 1,096 Property, plant and equipment, net 28,566 29,504 Operating lease right-of-use assets 10,597 12,520 Goodwill 12,317 12,317 Trademarks 33,168 33,168 Other assets 24,203 24,274 Total assets $ 303,819 $ 309,342 LIABILITIES AND EQUITY: Accounts payable $ 4,573 $ 8,845 Dividend payable — 2,352 Operating lease liabilities 3,514 3,979 Accrued liabilities 10,865 14,446 Total current liabilities 18,952 29,622 Deferred income tax liabilities 11,837 11

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.

FORWARD-LOOKING STATEMENTS

FORWARD-LOOKING STATEMENTS This report contains certain forward-looking statements within the meaning of

View Full Filing

View this 10-Q filing on SEC EDGAR