Weyco Group Inc. Files Q3 2024 10-Q Report

TL;DR

Weyco Group filed its Q3 2024 10-Q. Check financials.

AI Summary

Weyco Group, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and position. Key financial data and disclosures relevant to investors are presented in this quarterly report.

Why It Matters

This filing provides investors with an update on Weyco Group's financial health and operational performance for the third quarter of 2024, enabling informed investment decisions.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.

Key Numbers

• N/A — Revenue (Specific revenue figures for the quarter are not detailed in the provided header information.)
• N/A — Net Income (Specific net income figures for the quarter are not detailed in the provided header information.)
• N/A — Earnings Per Share (Specific EPS figures for the quarter are not detailed in the provided header information.)

Key Players & Entities

• WEYCO GROUP INC (company) — Filer
• 20240930 (date) — Reporting period end date
• 20241108 (date) — Filing date
• WI (location) — State of incorporation

FAQ

Key Financial Figures

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

Filing Documents

• weys-20240930x10q.htm (10-Q) — 1588KB
• weys-20240930xex31d1.htm (EX-31.1) — 10KB
• weys-20240930xex31d2.htm (EX-31.2) — 10KB
• weys-20240930xex32.htm (EX-32) — 8KB
• 0001558370-24-015014.txt ( ) — 7709KB
• weys-20240930.xsd (EX-101.SCH) — 33KB
• weys-20240930_cal.xml (EX-101.CAL) — 70KB
• weys-20240930_def.xml (EX-101.DEF) — 85KB
• weys-20240930_lab.xml (EX-101.LAB) — 283KB
• weys-20240930_pre.xml (EX-101.PRE) — 224KB
• weys-20240930x10q_htm.xml (XML) — 1940KB

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) September 30, December 31, 2024 2023 (Dollars in thousands) ASSETS: Cash and cash equivalents $ 75,455 $ 69,312 Marketable securities, at amortized cost 365 215 Accounts receivable, net 46,804 39,275 Income tax receivable — 245 Inventories 72,187 74,890 Prepaid expenses and other current assets 3,071 6,172 Total current assets 197,882 190,109 Marketable securities, at amortized cost 6,009 6,354 Deferred income tax benefits 1,116 1,096 Property, plant and equipment, net 28,540 29,504 Operating lease right-of-use assets 11,472 12,520 Goodwill 12,317 12,317 Trademarks 33,168 33,168 Other assets 24,184 24,274 Total assets $ 314,688 $ 309,342 LIABILITIES AND EQUITY: Accounts payable $ 6,049 $ 8,845 Dividend payable — 2,352 Operating lease liabilities 4,167 3,979 Accrued liabilities 12,053 14,446 Accrued income tax payable 693 — Total current liabilities 22,962 29,622 De

View Full Filing

View this 10-Q filing on SEC EDGAR