secwatch.observer — SEC 8-K summary
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Issuer:     ROGERS CORP (ROG)
CIK:        0000084748
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0000084748-24-000009
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/84748/000008474824000009/0000084748-24-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/84748/000008474824000009/rog-20240221.htm
  HTML page:      https://secwatch.observer/filing/0000084748-24-000009

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