Rogers Corporation's first quarter 2025 financial results were largely as expected, with net sales of $190.5 million, a slight decrease from the prior quarter due to unfavorable foreign currency changes and seasonal declines in portable electronics. Despite this, the company saw improved demand in ADAS and industrial end markets and strengthened its cash position to $176 million.
Rogers Corporation's Q4 2024 results were consistent with expectations, despite a decline in sales due to seasonal factors and lower wireless infrastructure and industrial revenues. The company focused on cost savings and operational improvements to mitigate the impact on gross margins, enabling solid cash flow generation.
Rogers Corporation reported mixed Q3 2024 results with earnings exceeding expectations due to operational improvements and careful expense management, while sales were below outlook due to softer EV/HEV demand and a lower seasonal peak in portable electronics sales. The company continues to execute its focused strategy, including the opening of a new power substrate factory in China.
Rogers Corporation reported Q2 2024 results with net sales of $214.2 million, a gross margin of 34.1%, and adjusted earnings per diluted share of $0.69. The company achieved record quarterly sales of EV battery solutions, but overall EV/HEV results were mixed. Stronger gross margin results drove higher earnings and reflect the structural cost improvements.
Rogers Corporation reported a 4.3% increase in net sales compared to the previous quarter, driven by higher sales in both AES and EMS business units. The company's GAAP earnings per diluted share were $0.42, while adjusted earnings per diluted share were $0.58. The company is seeing improving demand and expects overall sales to improve in coming quarters.
Rogers Corporation reported a decrease in net sales and adjusted operating margin for Q4 2023, impacted by macroeconomic headwinds and customer inventory destocking. While cost improvements were made, they were offset by lower sales volumes, especially in industrial and portable electronics markets. The company anticipates continued challenges in the first quarter but expects some improvement mid-year.
Rogers Corporation reported a nearly flat net sales of $229.1 million for Q3 2023, with a gross margin of over 35%. The company saw improvements in earnings and operating cash flow, driven by strong operating performance and cost structure improvements. While global economic conditions remained challenging, the company made progress in margin, cost structure, and securing design wins.
Rogers Corporation reported Q2 2023 results with net sales of $230.8 million and GAAP earnings per diluted share of $0.96. The company's gross margin improved to 34.5% and the adjusted operating margin increased to 13.4%.
Rogers Corporation reported improved financial performance for Q1 2023, driven by higher demand and cost actions. Net sales increased by 9.0% versus the prior quarter, with gross margin improving to 32.7%.
Rogers Corporation's Q4 2022 net sales decreased by 9.5% to $223.7 million compared to the prior quarter, influenced by China's COVID-related restrictions and weakened demand. GAAP earnings per diluted share were $3.58, up from $0.78 in the previous quarter, while adjusted earnings per diluted share were $1.04, down from $1.11. The company's GAAP operating margin increased to 37.0%, and it received a $142.1 million regulatory termination fee.
Rogers Corporation reported a decrease in net sales by 1.9% compared to the prior quarter, with $247.2 million. The decrease was attributed to global supply challenges, China COVID-related restrictions, regional power outages and unfavorable currency exchange rate fluctuations. GAAP earnings per diluted share were $0.78, compared to earnings per diluted share of $0.94 in the previous quarter.
Rogers Corporation reported a 1.5% increase in net sales to $252.0 million compared to the prior quarter, driven by demand in EV/HEV, portable electronics, and defense markets. GAAP earnings per diluted share were $0.94, up from $0.87 in the previous quarter, while adjusted earnings per diluted share were $1.22, down from $1.53 in the prior quarter. The company's merger with DuPont is expected to close in the third quarter of 2022.
Rogers Corporation reported a 7.7% increase in net sales compared to the prior quarter, driven by higher EV/HEV, ADAS, and industrial market volumes. However, sales growth was tempered by COVID impacts and component shortages. GAAP earnings per diluted share were $0.87, while adjusted earnings per diluted share were $1.53.
Rogers Corporation reported Q4 2021 results with net sales of $230.5 million, a decrease of 3.3% compared to the previous quarter. The decline was primarily due to supply chain constraints impacting customer demand and production levels. GAAP earnings per diluted share were $1.22, while adjusted earnings per diluted share were $1.92. The company's performance was tempered by lower sales in some markets, but supported by growth in EV/HEV sales and the Silicone Engineering acquisition.
Rogers Corporation reported a 1.4% increase in net sales compared to the prior quarter, reaching $238.3 million. The EMS business unit experienced record sales, while AES net sales decreased due to chip shortages affecting ADAS applications. GAAP earnings per diluted share were $1.33, and free cash flow was $17.9 million.
Rogers Corporation reported a 2.5% increase in net sales to $234.9 million, driven by strong demand in EV/HEV and other strategic markets. However, supply chain challenges impacted gross margin and earnings, resulting in a decrease in GAAP earnings per diluted share to $1.52.
Rogers Corporation reported strong first quarter results, driven by demand in Advanced Mobility markets and a recovery in industrial demand. Net sales increased by 8.8% compared to the prior quarter, with growth in both the AES and EMS business units. The company anticipates global supply chain disruptions and the ongoing recovery of UTIS manufacturing will temper sales growth for the second quarter.
Rogers Corporation reported net sales of $210.7 million, a 4% increase versus the prior quarter. GAAP earnings per diluted share were $0.81, compared to $0.37 per diluted share in the previous quarter. The company generated strong free cash flow of approximately $40 million in the fourth quarter of 2020.
Rogers Corporation reported a 5.6% increase in net sales compared to the prior quarter, driven by strength in EV/HEV, ADAS, portable electronics, and defense markets. Gross margin increased due to higher volumes, favorable mix, and operational cost savings. GAAP earnings per share decreased due to higher restructuring-related expenses and increased accelerated intangible amortization, while adjusted earnings per share increased due to improved gross margin and lower tax expense.
Rogers Corporation reported Q2 2020 net sales of $191 million, a 4% decrease from the previous quarter, but within the guidance range. The company's gross margin was 36.6%, and adjusted EPS was $1.13, exceeding guidance. Strong free cash flow of $39 million was generated, and the balance sheet remains strong.
Rogers Corporation reported a net sales increase of 2.6% compared to the previous quarter, reaching $198.8 million. GAAP earnings per share were $0.71, and adjusted earnings per share were $0.92. The company's cash and cash equivalents increased significantly to $308.3 million.
Rogers Corporation reported a decrease in fourth-quarter net sales by 13.1% compared to the previous year, with a net loss of $(28.8) million, impacted by a non-cash pension settlement charge. Despite challenging market conditions, the company reported modest growth in revenue and adjusted earnings for the full year 2019.