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ROCKY SHOES AND BOOTS, INC. ANNOUNCES THIRD QUARTER RESULTS

 NELSONVILLE, Ohio, May 12 /PRNewswire/ -- Rocky Shoes and Boots, Inc. (NASDAQ: RCKY) today announced net sales increased 25 percent to $7,960,000 for the three months ended March 31, 1993, versus $6,349,000 for the same period last year. Gross margin declined slightly to 21.1 percent from 21.6 percent for the third quarters of Fiscal 1993 and 1992, respectively. Net income was $160,575 for the three months ended March 31, 1993 compared to $163,258 a year ago. The weighted average number of shares outstanding for the third quarter of Fiscal 1993 increased 45 percent as a result of the company's February, 1993 initial public offering. Net income per share was 5 cents for the third quarter of Fiscal 1993 versus 7 cents for the same period last year.
 Results for the nine months ended March 31, 1993, continued to compare favorably with the previous year. Net sales totaled $30,280,000 for the first nine months of Fiscal 1993 versus $22,827,000 for the same period in Fiscal 1992. Gross margin was essentially unchanged at approximately 22.3 percent for the nine months ended March 31, 1993 compared to 22.2 percent a year ago. Net income rose 69 percent for the nine months ended March 31, 1993 to $1,324,000 compared to $782,400 last year. The weighted average number of shares outstanding for the first nine months of Fiscal 1993 rose 15 percent to 2,587,250 as a result of the company's February, 1993 initial public offering. Net income per share was $0.51 for the first nine months of Fiscal 1993 versus $0.35 for the comparable period in Fiscal 1992.
 Mike Brooks, president and chief executive officer, stated, "Demand for ROCKY(R) brand footwear products continues to grow at significant rates, particularly in the Rugged Outdoor and Handsewn Casual categories. The company's backlog at the end of the third quarter, March 31, 1993 exceeded $25 million compared to $12.8 million on the same date last year. Proceeds from the initial public offering, which was completed in February, 1993, have been invested in specific areas of the business in order to meet current and future manufacturing needs. While we are somewhat disappointed with results for the most recent quarter, we remain confident that future performance will significantly benefit from these actions."
 Rocky Shoes and Boots, Inc. designs, develops, manufactures and markets premium quality men's and women's footwear. The footwear is comfortable, lightweight, durable and relatively insensitive to changing fashion trends. The company markets its footwear through several distribution channels, primarily under the registered trademark, ROCKY(R).
 FINANCIAL HIGHLIGHTS
 Three Months Ended Three Months Ended
 March 31, 1993 March 31, 1992
 Net Sales $7,960,000 $6,349,000
 Gross Margin 1,676,000 1,373,000
 Net Income 161,000 163,000
 Net Income Per Share $0.05 $0.07
 Average Common Shares
 Outstanding 3,261,750 2,250,000
 Nine Months Ended Nine Months Ended
 March 31, 1993 March 31, 1992
 Net Sales $30,280,000 $22,827,000
 Gross Margin 6,741,000 5,073,000
 Net Income 1,324,000 782,000
 Net Income Per Share $0.51 $0.35
 Average Common Shares
 Outstanding 2,587,250 2,250,000
 -0- 5/12/93
 /CONTACT: David Fraedrich, executive vice president, Rocky Shoes and Boots, Inc., 614-753-1951/
 (RCKY)


CO: Rocky Shoes and Boots, Inc. ST: Ohio IN: SU: ERN

BM -- CL012 -- 7472 05/12/93 10:29 EDT
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Date:May 12, 1993
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