secwatch.observer — SEC 8-K summary
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Issuer:     ROGERS CORP (ROG)
CIK:        0000084748
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0000084748-24-000058
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rogers Corp Q3 sales miss low end; adjusted EPS $0.98 beats; Q4 guidance weak
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- Net sales $210.3M, down 1.8% sequentially and 8.2% YoY; below Q4 guidance low end.
- GAAP EPS $0.58 vs $0.44 Q2; adjusted EPS $0.98 beats $0.69 Q2 but down from $1.24 YoY.
- Adjusted operating margin 11.7% (+350 bps QoQ) driven by favorable product mix and lower SG&A.
- Q4 guidance: sales $185-200M, adjusted EPS $0.30-0.60; GAAP EPS could be negative due to restructuring.
- CEO cites softer EV/HEV demand and lower portable electronics; new China factory for growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/84748/000008474824000058/0000084748-24-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/84748/000008474824000058/rog-20241024.htm
  HTML page:      https://secwatch.observer/filing/0000084748-24-000058

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