Loading...
•
Mar 31, 2020
Rogers Q1 2020 Earnings Report
Rogers delivered solid results at the high end of their guidance range, despite the impact of the ongoing COVID-19 pandemic.
Key Takeaways
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.
Net sales increased by 2.6% compared to the prior quarter, despite COVID-19 impacts.
GAAP earnings per share were $0.71, while adjusted earnings per share reached $0.92.
Cash and cash equivalents increased significantly by $141.4 million to $308.3 million.
Q2 sales are expected to be comparable to Q1, with stronger wireless infrastructure demand offsetting weakness in automotive and industrial markets.
Forward Guidance
Rogers anticipates Q2 2020 sales to be between $190 million and $205 million, with gross margin between 32.5% and 33.5%, and GAAP earnings per share between $0.58 and $0.78. Non-GAAP earnings per share are expected to be between $0.80 and $1.00. The effective tax rate for 2020 is projected to be 24% to 25%, and capital expenditures are estimated at $40 million to $45 million.
Positive Outlook
- Net Sales ($M): $190 to $205
- Gross Margin: 32.5% to 33.5%
- Earnings Per Share: $0.58 to $0.78
- Non-GAAP Earnings Per Share: $0.80 to $1.00
- Effective Tax Rate: 24% to 25%
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...