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Sep 30, 2021
Rogers Q3 2021 Earnings Report
Rogers reported strong Q3 results driven by EV/HEV markets, despite supply chain challenges. DuPont announced the acquisition of Rogers.
Key Takeaways
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.
Net sales increased by 1.4% compared to the previous quarter, reaching $238.3 million.
EMS net sales increased by 9.6%, driven by EV/HEV and portable electronics markets.
AES net sales decreased by 3.9% due to lower revenues for ADAS applications impacted by chip shortages.
GAAP earnings per diluted share were $1.33, and free cash flow was $17.9 million.
Forward Guidance
Rogers will not provide financial guidance for the fourth quarter of 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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