Quarterly ResultMay 5, 2026, 04:12 PM
Weyco Q1 Net Earnings Up 10% to $6.1M; Diluted EPS $0.64; Dividend +4%
AI Summary
Weyco Group, Inc. announced its first quarter 2026 financial results, reporting a 10% increase in net earnings to $6.1 million and diluted earnings per share of $0.64. Net sales remained flat at $68.0 million, while earnings from operations grew 7% to $7.5 million. The company's Board of Directors also declared a quarterly cash dividend of $0.28 per share, representing a 4% increase. Additionally, Weyco submitted claims for $18.6 million in potential IEEPA tariff refunds following a favorable Supreme Court ruling, though the timing and amount of any recoveries remain uncertain.
Key Highlights
- Net earnings increased 10% to $6.1 million in Q1 2026.
- Diluted earnings per share rose to $0.64 from $0.57 in Q1 2025.
- Net sales were $68.0 million, flat compared to Q1 2025.
- Earnings from operations increased 7% to $7.5 million.
- Board declared a cash dividend of $0.28 per share, a 4% increase.
- Submitted claims for $18.6 million in IEEPA tariff refunds.
- North American Wholesale net sales decreased 1% to $53.6 million.
- Florsheim Australia net sales increased 10% to $5.6 million.