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ROCKY SHOES AND BOOTS, INC. ANNOUNCES RECORD SECOND QUARTER RESULTS

 NELSONVILLE, Ohio, Feb. 19 /PRNewswire/ -- Rocky Shoes and Boots, Inc. (NASDAQ/NMS: RCKY) today announced net sales of $10,978,240 for the three months ended Dec. 31, 1992, versus $8,360,965 for the same period a year ago, an increase of 31.3 percent. Gross margin improved to 25.6 percent of net sales for the second quarter of Fiscal 1993 from 22.9 percent the previous year. Net income grew to $745,642 for the second quarter of Fiscal 1993 versus $376,172 last year. Pro forma earnings per share were $0.33 for the second quarter of Fiscal 1993 compared to $0.17 in Fiscal 1992, an increase of 94.1 percent. There were 2,250,000 pro forma weighted average common shares outstanding for both periods. The company closed an initial public offering of 1,897,500 shares of common stock on Feb. 10, 1993.
 For the six months ended Dec. 31, 1992, net sales rose 35.5 percent to $22,319,997 versus $16,477,764 a year ago. Gross margin, as a percentage of sales, improved to 22.7 percent for the first six months of Fiscal 1993 compared to 22.5 percent the previous year. Net income grew to $1,163,138 for the first six months of Fiscal 1993 from $619,139 the previous year. Pro forma earnings per share were $0.52 for the first six months of Fiscal 1993 compared to $0.28 for the same period in Fiscal 1992, an increase of 85.7 percent.
 Mike Brooks, president and chief executive officer, reported that second quarter results benefited from higher net sales in all product categories. Gross margin improved due to a more favorable product mix and increased operating efficiencies.
 Rocky Shoes and Boots, Inc., (Nelsonville, Ohio) designs, develops, manufactures and markets premium quality men's and women's footwear in three primary market niches: Rugged Outdoor, Occupational, and Handsewn Casual footwear. The company markets its footwear through several distribution channels, primarily under the registered trademark, ROCKY(R).
 FINANCIAL HIGHLIGHTS
 Three Months Ended Three Months Ended
 December 31, 1992 December 31, 1991
 Net Sales $10,978,240 $8,360,965
 Gross Margin 2,811,437 1,913,706
 Net Income 745,642 376,172
 Pro Forma Net Income
 Per Share $0.33 $0.17
 Pro Forma Weighted Average
 Common Shares Outstanding 2,250,000 2,250,000
 Six Months Ended Six Months Ended
 December 31, 1992 December 31, 1991
 Net Sales $22,319,997 $16,477,764
 Gross Margin 5,064,826 3,699,288
 Net Income 1,163,138 619,139
 Pro Forma Net Income
 Per Share $0.52 $0.28
 Pro Forma Weighted Average
 Common Shares Outstanding 2,250,000 2,250,000
 This communication shall not constitute an offer to sell or the solicitation of an offer to buy these securities, which may be offered only by means of a prospectus, nor shall there be any sale of those securities in any state in which such offer, solicitation or sale would be unlawful under the securities laws of any such state.
 Copies of the prospectus may be obtained from J.C. Bradford & Co., 330 Commerce St., Nashville, Tenn. 37201, Attention: Syndicate Department, (telephone number 615-748-9000), or from The Ohio Company, 155 East Broad St., Columbus, Ohio 43215, Attention: Sales Department, (telephone 614-464-6811).
 -0- 2/19/93
 /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 -- CL007 -- 8384 02/19/93 12:19 EST
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Date:Feb 19, 1993
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