Filing Flows › Weyco Group (WEYS) › Q1 2025
Weyco Group (WEYS) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 9, 2025
Weyco Group (WEYS) reported revenue of $68.0M for the first quarter 2025 (Q1 2025), -5% from a year earlier and -15% from the quarter before. Operating margin was 10.3%, net earnings $5.5M (8.1% of revenue).
Weyco Group, Q1 2025: revenue $68.0M (-5% year over year), operating margin 10.3%, net earnings $5.5M, operating cash flow $4.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $68.0M | -15% | -5% |
| Gross profit | $30.4M | -21% | -5% |
| Operating profit | $7.0M | -39% | -15% |
| Net earnings | $5.5M | -45% | -17% |
| Operating cash flow | $4.1M | -80% | -71% |
| Free cash flow | $3.7M | -81% | -74% |
What changed
Revenue was $68.0M in Q1 2025, down 5% year over year and down 15% from the previous quarter.
Gross margin was 44.6%, down 0.1 points from a year earlier. Operating profit was $7.0M, a 10.3% margin (down 1.2 points year over year). Operating expenses fell 2% while revenue fell 5%. Net earnings were $5.5M, down 17% year over year. The effective tax rate was 26.5%.
Operating cash flow was $4.1M (down 71% year over year), 74% of net earnings. Non-cash charges added back $597K of depreciation and amortization and $427K of share-based compensation. Working capital and other items used $2.4M. Capital expenditures of $417K left free cash flow of $3.7M.
Questions
What was Weyco Group's revenue in the first quarter 2025?
Weyco Group (WEYS) reported revenue of $68.0M for the first quarter 2025 (Q1 2025), -5% from a year earlier and -15% from the quarter before.
Was Weyco Group profitable in the first quarter 2025?
Operating profit was $7.0M (10.3% of revenue) and net earnings $5.5M.
Source: Weyco Group 10-Q on SEC EDGAR.