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Dec 31, 2024
Rogers Q4 2024 Earnings Report
Rogers Corporation reported its fourth quarter and full year 2024 financial results, which were in line with guidance expectations.
Key Takeaways
Rogers Corporation's Q4 2024 results were consistent with expectations, despite a decline in sales due to seasonal factors and lower wireless infrastructure and industrial revenues. The company focused on cost savings and operational improvements to mitigate the impact on gross margins, enabling solid cash flow generation.
Net sales for Q4 2024 were $192.2 million, a decrease of 8.6% from the prior quarter.
GAAP diluted earnings per share for Q4 2024 was $(0.03), compared to $0.58 in the previous quarter.
Adjusted diluted earnings per share for Q4 2024 was $0.46, down from $0.98 in the prior quarter.
Net cash provided by operating activities in Q4 2024 was $33.7 million, contributing to solid cash flow.
Revenue by Segment
Forward Guidance
For Q1 2025, Rogers Corporation anticipates net sales between $180 million and $195 million, with gross margin ranging from 29.0% to 30.5%. GAAP earnings per diluted share are expected to be between ($0.26) and $0.04, while adjusted earnings per diluted share are projected to be between $0.10 and $0.40. Capital expenditures for 2025 are estimated to be between $40 million and $50 million.
Positive Outlook
- Anticipated adjusted earnings per diluted share of $0.10 to $0.40 for Q1 2025.
- Continued focus on securing new design wins.
- Commitment to improving cost structure.
- Maintaining a strong balance sheet.
- Executing on commercial, innovation, and manufacturing footprint priorities.
Challenges Ahead
- Expected net sales decline to $180 million to $195 million for Q1 2025.
- Anticipated GAAP earnings per diluted share of ($0.26) to $0.04 for Q1 2025.
- Expected gross margin to decrease to 29.0% to 30.5% for Q1 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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