earnings
confidence high
sentiment positive
materiality 0.70
Rogers Corp Q3 adj EPS $1.24, gross margin 35.1%; guides Q4 rev $215-225M
ROGERS CORP
2023-Q3 EPS reported
$1.79
revenue$703,816,000
- Q3 net sales $229.1M (flat QoQ, -7.3% YoY); gross margin 35.1% up 350bps YoY, 60bps QoQ.
- GAAP EPS $1.02 vs $0.78 YoY; adjusted EPS $1.24 vs $1.11 YoY.
- AES segment sales $126.4M (-2.9% QoQ); EMS $98.0M (+2.8% QoQ).
- Q4 guidance: rev $215-225M, gross margin 34-35%, adj EPS $0.90-1.10.
- Operating cash flow $42.0M, free cash flow $35.3M; repaid $50M on revolver.