Entering text into the input field will update the search result below

Weyco Group's (WEYS) CEO Thomas Florsheim on Q1 2018 Results - Earnings Call Transcript

May 07, 2018 5:29 PM ETWeyco Group, Inc. (WEYS)
SA Transcripts profile picture
SA Transcripts

Weyco Group, Inc. (NASDAQ:WEYS) Q1 2018 Earnings Conference Call May 7, 2018 11:00 AM ET


John Wittkowske - SVP, CFO & Secretary

Thomas Florsheim - Chairman & CEO


Paul Carter - Adaptable Capital


Welcome to the First Quarter 2018 Earnings Release Conference Call. My name is Christine, and I'll be your operator for today's call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. Please note that this conference is being recorded.

I will now turn the call over to John Wittkowske, CFO; you may begin.

John Wittkowske

Thank you. Good morning, everyone. Welcome to Weyco Group's first quarter 2018 conference call. On this call with me today is Tom Florsheim Jr., our Chairman and CEO; and John Florsheim, our President & COO.

Before we begin to discuss the results for the quarter, I will read a brief disclaimer. During the course of this call, we may make projections or other forward-looking statements regarding our current expectations concerning future events and the future financial performance of the company. We wish to caution you that such statements are just predictions and that actual results or events may differ materially. We refer you to Weyco Group's most recent Form 10-K as filed with the Securities and Exchange Commission. The 10-K identifies important factors and risks that could cause the Company's actual results to differ materially from our projections. Additionally, some comparisons may refer to non-GAAP measures. Our SEC filings may contain additional information about these non-GAAP measures and why we decided to use them.

Net sales for the first quarter of 2018 were $69.5 million, up 1% compared with 2017 net sales of $69.1 million. Operating earnings were $3.6 million, an increase of 3% over the $3.5 million in 2017. Net earnings attributable to Weyco Group were $3 million this quarter, a 35% increase

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.