earnings
confidence high
sentiment positive
materiality 0.80
Rogers Corp reports record FY2021 revenue $932.9M, EPS $5.73; Q4 miss on supply chain; DuPont deal progresses
ROGERS CORP
2021-FY EPS reported
$5.73
revenue$932,886,000
- FY2021 net sales $932.9M (+16.2% YoY); GAAP EPS $5.73 (vs $2.67); adjusted EPS $7.20 (vs $5.08).
- Q4 net sales $230.5M (-3.3% QoQ); GAAP EPS $1.22 (down from $1.33); adjusted EPS $1.92 (up from $1.64).
- Gross margin in Q4 fell to 33.9% from 38.5% QoQ due to supply constraints and higher costs.
- EV/HEV market sales drove growth; component shortages tempered demand across segments.
- DuPont acquisition at $277/share cash, approved by shareholders, expected close Q2 2022, no guidance provided.