Brief: Rocky Brands Announces Completion Of Cost Savings Review

Rocky Brands

07/06/2022 12:40

June 7 (Reuters) - Rocky Brands Inc  RCKY.O :
    * ROCKY BRANDS INC - ANNOUNCES COMPLETION OF COST SAVINGS
REVIEW
    * ROCKY BRANDS INC -  AS RESULT OF PROCESS, ROCKY BRANDS
WILL
REDUCE NON-MANUFACTURING HEADCOUNT RELATED TO ACQUIRED BRANDS BY
ABOUT 13%
    * ROCKY BRANDS INC -  AS RESULT OF PROCESS, ROCKY BRANDS
WILL
CLOSE ITS BOSTON OFFICE ACQUIRED VIA TRANSACTION WITH HONEYWELL
    * ROCKY BRANDS INC - COST SAVING ACTIONS ARE EXPECTED TO
RESULT IN
ABOUT $3.0 - $4.0 MILLION IN ANNUALIZED SAVINGS
    * ROCKY BRANDS INC - EXPECTS TO RECORD A ONE-TIME SEVERANCE
CHARGE
OF APPROXIMATELY $1.0 MILLION IN Q2 2022 ASSOCIATED WITH
REDUCTION IN FORCE

Source text for Eikon:  ID:nBw1DBw23a 
Further company coverage:  RCKY.O 

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