Rocky Brands : Announces New Footwear Order from the U.S. Military, Company to Present at 2016 ICR Conference
January 08, 2016 at 03:23 am IST
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Rocky Brands, Inc. Announces New Footwear Order from the U.S. Military
NELSONVILLE, Ohio, January 7, 2016 -- Rocky Brands, Inc. today announced it has received an order to fulfill a contract to the U.S. Military to produce 'Temperate Weather' combat boots. The contract includes a minimum purchase amount of $13.0 million with the entire order projected to ship between March and October 2016.
David Sharp, President and Chief Executive Officer, commented, 'We are very pleased to have been awarded this contract to produce high quality boots for the U.S. Military. Along with our existing contract, we have approximately $28 million in military orders scheduled for delivery in 2016, a 60% increase over 2015 levels. Military segment sales allow us to better utilize our company-operated manufacturing facility in Puerto Rico and help reduce the impact on our business from unfavorable weather like we experienced during the second half of 2015, particularly in the fourth quarter.'
The Company also announced its participation in the 2016 ICR Conference at the JW Marriott Orlando Grande Lakes in Orlando, Florida. Management is scheduled to present on Tuesday, January 12, 2016 at 11:30 a.m. Eastern Time. The presentation will be simultaneously broadcast on the Internet and will be available at www.rockybrands.com.
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Rocky Brands Inc. issued this content on 2016-01-07 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-07 21:52:23 UTC
Original Document: http://www.investquest.com/iq/r/dev-rcky/ne/news/rcky010716.htm
Rocky Brands, Inc. is a designer, manufacturer and marketer of footwear and apparel. It markets its products under a portfolio of brand names, including Rocky, Georgia Boot, Durango, Lehigh, The Original Muck Boot Company, XTRATUF, Ranger and the licensed brand Michelin. It operates through three segments: Wholesale, Retail and Contract Manufacturing. Its Wholesale segment distributes products through a range of distribution channels representing over 10,000 retail store locations in the United States, Canada, United Kingdom, and others. Retail segment markets directly to consumers through its Lehigh business-to-business, including direct sales and through its CustomFit Websites, consumer e-commerce Websites, third-party marketplaces, and Rocky outlet stores. Its Contract Manufacturing segment includes sales to the United States Military, private label sales and any sales to customers in which it is contracted to manufacture or source a specific footwear product for a customer.
ROCKY BRANDS, INC. 
