WEYCO GROUP INC

Weyco Group, Inc. announced strong financial results for the second quarter ended June 30, 2026, with net sales increasing 7% to $62.2 million and diluted earnings per share soaring to $1.39. The significant improvement in earnings was largely bolstered by the recognition of $15.3 million in tariff refunds. The company's wholesale and retail segments also reported sales growth, and the Board of Directors declared a cash dividend of $0.28 per share.

WEYCO Group, Inc. announced that it will release its second quarter 2026 financial results after the market closes on Tuesday, August 4, 2026. Following the release, Chairman and CEO Thomas W. Florsheim, Jr. will host a conference call on Wednesday, August 5, 2026, at 11:00 a.m. Eastern Time to discuss the results. Pre-registration is required to participate in the call, and a replay will be available for one year.

Weyco Group, Inc. announced that its Board of Directors authorized the termination of the Weyco Group, Inc. Pension Plan, effective August 31, 2026. This termination is subject to review by the Pension Benefit Guaranty Corporation. The Company does not anticipate making additional cash contributions to the Plan upon termination, citing its overfunded status as of December 31, 2025. Approximately 400 participants will be impacted, but their earned benefits will not change.

Weyco Group reported a 10% increase in net earnings to $6.1 million and a 12.3% rise in diluted EPS to $0.64 for the first quarter of 2026, despite consolidated net sales remaining flat. The company also announced it submitted claims for $18.6 million in IEEPA tariff refunds after the U.S. Supreme Court ruled the tariffs invalid. However, a new 10% across-the-board tariff has been implemented, creating near-term gross margin uncertainty.

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.

WEYCO Group, Inc. announced its plan to release first quarter 2026 financial results after the close of trading on Tuesday, May 5, 2026. Following the release, Chairman and CEO Thomas W. Florsheim, Jr. will host a conference call on Wednesday, May 6, 2026, at 11:00 a.m. Eastern Time to discuss the results. Interested parties must pre-register online to receive the conference call details, and a replay will be available for one year.