secwatch.observer — SEC 8-K summary
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Issuer:     ROGERS CORP (ROG)
CIK:        0000084748
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0000084748-22-000030
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rogers Q2 net sales $252M (+1.5% QoQ); EPS $0.94 GAAP, $1.22 adjusted; DuPont deal on track
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- GAAP net income $17.9M ($0.94 diluted EPS) vs. $16.6M ($0.87) in Q1 2022; adjusted EPS $1.22 vs. $1.53 prior quarter.
- Net sales $252.0M, up 1.5% sequentially; AES segment +6% (EV/HEV, defense), EMS -4.7% (industrial, EV/HEV).
- Gross margin 34.3% (34.4% Q1); adjusted operating margin 12.1% vs. 14.5% on raw material and supply constraints.
- DuPont acquisition at $277/share expected to close Q3 2022; no forward guidance or earnings call due to pending deal.
- Cash and equivalents $225.3M; $70M drawn on revolver; capex $25M; free cash flow $(22.9)M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/84748/000008474822000030/0000084748-22-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/84748/000008474822000030/rog-20220803.htm
  HTML page:      https://secwatch.observer/filing/0000084748-22-000030

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