Rogers Q1 sales $243.8M, GAAP loss $(0.19)/share; adj. EPS $0.87; Q2 guidance issued

ROGERS CORP

2023-Q1 EPS reported -$0.19 revenue$243,847,000

Net sales $243.8M, up 9% sequentially, exceeding high end of guidance; AES +8.4%, EMS +9.1%.
GAAP net loss $(3.5M), $(0.19) per diluted share; adjusted net income $16.2M, $0.87 per share.
Gross margin 32.7% improved from 31.8% Q4; Q2 gross margin guided 33.5%-34.5%.
Q2 2023 guidance: net sales $235-245M, non-GAAP EPS $0.95-$1.15.
CEO cites improved ADAS, industrial, renewable energy demand; cost improvement plans on track.

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 first quarter of 2023 results: revenue $243.8 million, net income $(3.5) million, EPS $(0.19). Guidance reaffirmed.

Period: the first quarter of 2023
Revenue: $243.8 million
Net income: $(3.5) million
EPS: $(0.19)
Guidance: reaffirmed
Result: reported results

Exact text from the filing

receipt of a regulatory termination fee 2 - A reconciliation of GAAP to non-GAAP measures is provided in the schedules included below 1 Q1 2023 Summary of Results Net sales of $243.8 million increased 9.0% versus the prior quarter resulting from higher ADAS, general industrial and renewable energy market revenues, and favorable currency exchange rate fluctuations.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ROGERS CORP reported Q2 2023 results: revenue $235 to $245 million, EPS $0.65 to $0.85. Guidance initiated.

Period: Q2 2023
Revenue: $235 to $245 million
EPS: $0.65 to $0.85
Guidance: initiated
Result: guidance update

Exact text from the filing

Financial Outlook Q2 2023 Net Sales ($M) $235 to $245 Gross Margin 33.5% to 34.5% Earnings Per Share $0.65 to $0.85 Non-GAAP Earnings Per Share 1 $0.95 to $1.15

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

ROGERS CORP filing history →

Source: SEC EDGAR

accession 0000084748-23-000045

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