Rogers Corp Q1 sales $213.4M top guidance mid-point; A&D strong

ROGERS CORP

2024-Q1 EPS reported $0.42 revenue$213,400,000

Net sales $213.4M, up 4.3% sequentially; GAAP EPS $0.42, adjusted EPS $0.58.
Aerospace & defense sales strong; general industrial outlook improving.
Q2 guidance: sales $210-220M, adjusted EPS $0.50-$0.70.
Adjusted operating margin improved 120 bps to 7.5% from prior quarter.
Cash $116.9M; paid down $30M revolver; capex outlook $60-70M for 2024.

item 2.02 item 7.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ROGERS CORP reported first quarter of 2024 results: revenue $213.4 million, net income $7.8 million, EPS $0.42 per diluted share.

Period: first quarter of 2024
Revenue: $213.4 million
Net income: $7.8 million
EPS: $0.42 per diluted share
Result: reported results

Exact text from the filing

$85.7 $83.4 $102.2 Other $5.6 $3.9 $5.7 1 - A reconciliation of GAAP to non-GAAP measures is provided in the schedules included below 1 Q1 2024 Summary of Results Net sales of $213.4 million increased 4.3% versus the prior quarter resulting from higher sales in the AES and EMS business units. AES net sales increased by 4.1% primarily related to higher aerospace and

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Source: SEC EDGAR

accession 0000084748-24-000022

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