Loading...
•
Dec 31, 2019
Rogers Q4 2019 Earnings Report
Rogers Corporation experienced a decrease in net sales and reported a net loss due to pension settlement charges.
Key Takeaways
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.
Fourth-quarter net sales decreased by 13.1% year-over-year to $193.8 million.
Net loss for the quarter was $(28.8) million, or ($1.55) per share, impacted by a $43.9 million non-cash pension settlement charge.
Adjusted earnings per diluted share for the fourth quarter were $1.14, exceeding the company's guidance range.
The company anticipates the coronavirus outbreak will impact Q1 revenue in the range of 7% to 10%.
Forward Guidance
Rogers guides its 2020 first quarter net sales to a range of $185 to $200 million. The revenue range incorporates a 7% to 10% reduction from the expected impact of the coronavirus outbreak and is wider than normal due to uncertainty related to the evolving situation. The Company guides to a gross margin range of 32.5% to 33.5%. First quarter earnings is expected to be in the range of $0.50 to $0.70 per diluted share and adjusted earnings is expected to be in the range of $0.75 to $0.95 per diluted share. The 2020 full year effective tax rate is expected to be 20% to 21%.
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...