Rogers Corp Q4 net sales $204.6M, down 10.7% QoQ; adjusted EPS $0.60 vs $1.24; extends 2025 targets

ROGERS CORP

2023-FY EPS reported $3.03 revenue$908,400,000

GAAP EPS $1.24 includes $24M insurance recovery; adjusted EPS $0.60, down from $1.24 Q3.
Full-year 2023 net sales $908.4M (-6.5% YoY); adjusted EPS $3.78 vs $4.91 in 2022.
Q1 2024 guidance: net sales $205-215M, adjusted EPS $0.45-0.65, gross margin 32-33%.
Extends $1.2-1.3B sales target and $8.50-9.50 adjusted EPS beyond 2025 due to EV uncertainty.
Industrial and portable electronics softness drove Q4 inventory destocking; EV/HEV sales grew.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ROGERS CORP reported financial results for the full year and fourth quarter of 2023.

Period: the full year and fourth quarter of 2023
Result: reported results

Exact text from the filing

Rogers Corporation Reports Fourth Quarter and Full Year 2023 Results Navigating Challenging Environment With Focus On Execution Chandler, Arizona, February 21, 2024: Rogers Corporation (NYSE: ROG ) today announced financial results for the full year and fourth quarter of 2023.

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ROGERS CORP filing history →

Source: SEC EDGAR

accession 0000084748-24-000009

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