Rogers Corporation reports Q3 EPS 90c, consensus 69c

Reports Q3 revenue $216.0M, consensus $207.5M. “Third quarter results were at the upper end of guidance due to improved end-market demand and good execution on cost improvement initiatives,” stated Ali El-Haj, Rogers’ Interim President and CEO. “Compared to the prior quarter sales, gross margin, earnings, adjusted EBITDA and free cash flow all showed substantial improvement. Fourth quarter sales and earnings are expected to improve versus the prior year, with typical seasonal patterns leading to a sequential decline. We are executing on critical initiatives to improve growth, reduce manufacturing and operating costs and drive meaningfully improved results for shareholders.”