earnings
confidence high
sentiment neutral
materiality 0.65
Rogers Corp Q2 2024 net sales $214.2M, EPS $0.44; guides Q3
ROGERS CORP
2024-Q2 EPS reported
$0.85
revenue$427,600,000
- Net sales $214.2M (flat QoQ, down 7% YoY); GAAP EPS $0.44, adjusted EPS $0.69.
- Gross margin 34.1% (up 210 bps QoQ, down 40 bps YoY); operating margin 5.3%.
- AES segment $115.5M (-5% QoQ); EMS $94.7M (+10% QoQ) driven by EV/HEV and portable electronics.
- Q3 guidance: net sales $215-225M, gross margin 34-35%, adjusted EPS $0.75-0.95.
- Free cash flow $8.8M; FY2024 capex guided to $55-65M.