Rogers Corp Q3 net sales $247.2M, GAAP EPS $0.78; CEO outlines path to double revenue in 5 years

ROGERS CORP

2022-Q3 EPS reported $2.60 revenue$747,467,000

GAAP net income $14.8M ($0.78 EPS); adjusted EPS $1.11; gross margin 31.6% vs 34.3% Q2.
AES segment sales fell 7.5% QoQ to $130.6M; EMS rose 5.6% to $111.0M.
Received $162.5M DuPont termination fee in Q4; cash ended at $236.5M.
Plan to double annual revenue within five years focused on EV/HEV, ADAS, clean energy.
Capex $33.8M; free cash flow negative $20.3M; adjusted EBITDA $39.7M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ROGERS CORP reported the third quarter of 2022 results: revenue $247.2 million, net income $14.8 million, EPS $0.78.

Period: the third quarter of 2022
Revenue: $247.2 million
Net income: $14.8 million
EPS: $0.78
Result: reported results

Exact text from the filing

$111.0 $105.1 $98.0 Other $5.6 $5.7 $5.3 1 - A reconciliation of GAAP to non-GAAP measures is provided in the schedules included below 1 Q3 2022 Summary of Results Net sales of $247.2 million decreased 1.9% versus the prior quarter resulting from the impact of ongoing global supply challenges, China COVID-related restrictions, regional power outages and unfavorable

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Source: SEC EDGAR

accession 0000084748-22-000041

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