Quarterly ResultAug 7, 2026, 02:41 PM
Weyco Group Q2 Net Earnings Up 490% to $13.3M; Sales Up 6.9%
AI Summary
Weyco Group Inc. reported a significant increase in its second-quarter 2026 financial results, with net earnings soaring 490% to $13.3 million and diluted EPS rising 479% to $1.39. Net sales also saw a healthy increase of 6.9% to $62.2 million. The company benefited from recognizing $15.3 million in IEEPA tariff refunds, which reduced its cost of sales. Additionally, the Board of Directors authorized the termination of the company's overfunded pension plan.
Key Highlights
- Net earnings for Q2 2026 surged 490% to $13.3 million from $2.3 million in Q2 2025.
- Diluted EPS for Q2 2026 increased 479% to $1.39, up from $0.24 in Q2 2025.
- Net sales for Q2 2026 grew 6.9% to $62.2 million, compared to $58.2 million in Q2 2025.
- Company recognized $15.3 million in IEEPA tariff refunds, reducing cost of sales.
- Board authorized termination of the Weyco Group, Inc. Pension Plan, effective August 31, 2026.
- Net cash provided by operating activities for the six months ended June 30, 2026, rose 75.4% to $25.2 million.
- Cash dividends declared for Q2 2026 increased to $0.28 per share from $0.27 per share.
Price Impact
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