secwatch.observer — SEC 8-K summary
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Issuer:     ROGERS CORP (ROG)
CIK:        0000084748
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0000084748-23-000063
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rogers Q2 EPS $0.96, adjusted $1.07; margins improve despite sales dip
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- Net sales $230.8M, down 5.3% sequentially; AES $130.2M, EMS $95.3M.
- GAAP gross margin 34.5% vs 32.7% prior quarter; adjusted operating margin 13.4% (+300 bps).
- GAAP net income $17.9M vs loss of $3.5M in Q1; diluted EPS $0.96 vs $(0.19).
- Q3 guidance: sales $230-240M, adj. EPS $1.05-1.25; 2023 capex $65-75M.
- Cash $141.5M; repaid $60M revolver; free cash flow $4.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/84748/000008474823000063/0000084748-23-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/84748/000008474823000063/rog-20230803.htm
  HTML page:      https://secwatch.observer/filing/0000084748-23-000063

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