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Rogers Q1 2025 Earnings Report
Rogers Corporation reported its first quarter 2025 financial results, which were consistent with expectations.
Key Takeaways
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.
Net sales for Q1 2025 were $190.5 million, a slight decrease of 0.9% compared to the prior quarter.
GAAP diluted loss per share was $(0.08), while adjusted earnings per diluted share were $0.27.
Adjusted EBITDA for the quarter was $19.5 million, with an adjusted EBITDA margin of 10.2%.
The company ended the quarter with a strong cash position of $176 million, an increase of $15.8 million from the prior quarter.
Forward Guidance
For the second quarter of 2025, Rogers Corporation expects net sales to be between $190 million and $205 million, with gross margin ranging from 31.0% to 33.0%. GAAP earnings per diluted share are projected to be between $0.00 and $0.40, and adjusted earnings per diluted share between $0.30 and $0.70. Capital expenditures for 2025 are expected to be between $30 million and $40 million.
Positive Outlook
- Expected net sales of $190 million to $205 million for Q2 2025.
- Anticipated gross margin of 31.0% to 33.0% for Q2 2025.
- Adjusted earnings per diluted share projected between $0.30 and $0.70 for Q2 2025.
- Implementation of actions expected to largely offset the impact of tariffs in Q2 2025.
- Continued focus on commercial, innovation, and operational priorities to position for success as market conditions improve.
Challenges Ahead
- Visibility into the remainder of the year is limited due to broad uncertainty related to tariffs and global trade.
- GAAP earnings per diluted share guidance includes expected restructuring charges.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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