secwatch.observer — SEC 8-K summary
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Issuer:     ROGERS CORP (ROG)
CIK:        0000084748
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0000084748-23-000015
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/84748/000008474823000015/0000084748-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/84748/000008474823000015/rog-20230228.htm
  HTML page:      https://secwatch.observer/filing/0000084748-23-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer