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Sep 30, 2022
Rogers Q3 2022 Earnings Report
Rogers reported results for the third quarter of 2022, with a focus on expanding leadership in advanced materials solutions.
Key Takeaways
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.
Net sales decreased by 1.9% versus the prior quarter, totaling $247.2 million.
AES net sales decreased by 7.5% due to lower ADAS, wireless infrastructure, and defense market revenue, offset by higher EV/HEV market sales.
EMS net sales increased by 5.6% primarily from seasonally stronger portable electronics market demand.
GAAP operating margin decreased by 180 basis points from the prior quarter, primarily due to the reduction in gross margin, partially offset by lower SG&A.
Revenue by Segment
Forward Guidance
Rogers Corporation will host a conference call for investors in December and an Investor Day in the first half of 2023 to elaborate on growth prospects, outlook, capital allocation and other aspects of the business.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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