Rocky Shoes & Boots has received an order from the United States Military to produce Infantry Combat Boots for approximately $21 million. Shipment of the ICB’s is expected to begin in the second quarter of fiscal 2005 with an estimated completion date of December 2005. All of the ICB’s will be manufactured in the Company’s factory in Moca, Puerto Rico.
Mike Brooks, Chairman and Chief Executive Officer, stated, “We are extremely excited to have been awarded this order and look forward to utilizing our domestic manufacturing capabilities in order to produce high quality boots for the U.S. Government. While our military footwear remains a small percentage of our overall business, it represents an ideal compliment to our core outdoor and occupational categories. We are committed to capitalizing on the many opportunities that lie ahead and are dedicated to returning value to our shareholders.”
The Company plans to update earnings guidance for fiscal 2005 when it reports fourth quarter and fiscal 2004 year-end results on February 16, 2005.
