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Dec 31, 2021
Rogers Q4 2021 Earnings Report
Rogers Corporation's financial performance was affected by supply chain constraints and acquisition-related costs, but demonstrated growth in key segments.
Key Takeaways
Rogers Corporation reported Q4 2021 results with net sales of $230.5 million, a decrease of 3.3% compared to the previous quarter. The decline was primarily due to supply chain constraints impacting customer demand and production levels. GAAP earnings per diluted share were $1.22, while adjusted earnings per diluted share were $1.92. The company's performance was tempered by lower sales in some markets, but supported by growth in EV/HEV sales and the Silicone Engineering acquisition.
Net sales decreased by 3.3% compared to the prior quarter, primarily due to supply chain constraints.
EMS net sales increased by 1.0% driven by strong growth in EV/HEV sales and the Silicone Engineering acquisition.
AES net sales decreased by 5.8% due to lower defense, wireless infrastructure, and ADAS revenues.
GAAP earnings per diluted share were $1.22, and adjusted earnings per diluted share were $1.92.
Forward Guidance
As a result of the pending acquisition, Rogers will not hold an earnings call or provide forward-looking guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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