McRae Industries Q3 revenue falls on lower Laredo, military boot sales

McRae Industries

15/06/2026 21:13

Overview
U.S. boot maker's fiscal Q3 revenue fell yr/yr on lower Laredo and military boot sales
Fiscal Q3 net earnings declined, impacted by lower sales and higher tariff costs
On April 29th company received $15.4 mln U.S. Airforce boot contract with 36-month ordering period

Outlook
Company believes current liquidity is sufficient to meet capital needs for remainder of fiscal 2026

Result Drivers
LOWER LAREDO SALES - Co said Q3 net revenue decline was mainly driven by lower sales of its Laredo brand
MILITARY BOOT ORDERS - Decreased orders for military boots contributed to lower work boot revenues
TARIFF COSTS - Gross profit margins were negatively impacted by $0.8 mln in tariffs paid in Q3; company is seeking refunds but outcome is uncertain

Company press release: ID:nPn3mpJDHa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
$27.42 mln
 
Q3 Net Income
 
$858,000
 
Q3 Gross Profit
 
$6.90 mln
 
Q3 Operating Income
 
$784,000
 
Q3 Pretax Profit
 
$1.21 mln

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)