Rogers Corp Q4 adj EPS $1.04; guides Q1 GAAP EPS $(0.10)-$0.10; cuts workforce 7%

ROGERS CORP

2022-FY EPS reported $6.15 revenue$971,171,000

Q4 net sales $223.7M, down 9.5% sequentially; GAAP EPS $3.58 includes $142.1M regulatory termination fee.
Adjusted operating margin 9.3% vs 10.8% prior quarter; adjusted EPS $1.04 vs $1.11.
Full-year 2022 net sales $971.2M (+4.1% YoY); adjusted EPS $4.91 vs $7.20 in 2021.
Q1 2023 guidance: net sales $230-240M, GAAP EPS $(0.10)-$0.10, non-GAAP EPS $0.65-0.85.
Restructuring: 7% workforce reduction, divestiture of natural rubber product line, AES laminate consolidation.

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 0.9

ROGERS CORP reported the fourth quarter of 2022 results: revenue $223.7, net income $67.3, EPS $3.58.

Period: the fourth quarter of 2022
Revenue: $223.7
Net income: $67.3
EPS: $3.58
Result: reported results

Exact text from the filing

Net Sales ($M) $223.7 $247.2 $230.5 $971.2 $932.9 Gross Margin 31.8% 31.6% 33.9% 33.1% 37.4% Operating Margin 1 37.0% 7.5% 4.5% 14.9% 12.6% Net Income ($M) 1 $67.3 $14.8 $23.1 $116.6 $108.1 Net Income Margin 1 30.1% 6.0% 10.0% 12.0% 11.6% Diluted Earnings Per Share 1 $3.58 $0.78 $1.22 $6.15 $5.73

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ROGERS CORP reported the full year of 2022 results: revenue $971.2, net income $116.6, EPS $6.15.

Period: the full year of 2022
Revenue: $971.2
Net income: $116.6
EPS: $6.15
Result: reported results

Exact text from the filing

Net Sales ($M) $223.7 $247.2 $230.5 $971.2 $932.9 Gross Margin 31.8% 31.6% 33.9% 33.1% 37.4% Operating Margin 1 37.0% 7.5% 4.5% 14.9% 12.6% Net Income ($M) 1 $67.3 $14.8 $23.1 $116.6 $108.1 Net Income Margin 1 30.1% 6.0% 10.0% 12.0% 11.6% Diluted Earnings Per Share 1 $3.58 $0.78 $1.22 $6.15 $5.73

View on SEC.gov

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Source: SEC EDGAR

accession 0000084748-23-000015

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