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Rogers Corp (ROG)
NYSE:ROG
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.44Last Year’s EPS
0.6Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -3.75%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with notable achievements in cost management and future growth positioning offset by current revenue challenges and a cautious outlook due to macroeconomic conditions. While operational efficiencies and strategic investments highlight long-term potential, immediate revenue declines and market headwinds weigh on short-term performance.Company Guidance
During the Rogers Corporation Q3 2024 earnings call, the company reported mixed results, with earnings exceeding forecasts due to a 35.2% gross margin, while revenues of $210 million fell below expectations by 2% compared to the prior quarter. The decline in revenue was attributed to softer demand in the EV/HEV and ADAS segments, despite growth in portable electronics, industrial, and aerospace and defense sectors. The company generated $25 million in free cash flow, and its adjusted EPS was $0.98, surpassing guidance. Looking ahead, Rogers anticipates Q4 sales between $185 million and $200 million, with a gross margin projected to be between 31.5% and 33%. The company remains focused on future growth opportunities, particularly in its new ceramic power substrate factory in China, which is expected to support a 20% CAGR in silicon carbide power modules for the EV/HEV, industrial, and renewable energy markets.Improved Earnings and Gross Margin
Earnings exceeded guidance with a gross margin of 35.2%, surpassing the high end of expectations, largely due to lower operating expenses and controlled costs.
Free Cash Flow Generation
The company generated $25 million in free cash flow during the third quarter, contributing to a $27 million increase in cash on the balance sheet.
Aerospace and Defense Growth
Aerospace and defense registered good growth in Q3 with expectations for mid- to high single-digit growth in 2024.
Ceramic Power Substrate Factory
Rogers held a ribbon-cutting ceremony for a new ceramic power substrate factory in China, positioning for future growth in the EV/HEV market.
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ROG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ROG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $99.50 | $101.32 | +1.83% |
| Jul 25, 2024 | $122.68 | $123.15 | +0.38% |
| Apr 25, 2024 | $109.54 | $121.03 | +10.49% |
| Feb 21, 2024 | $116.23 | $114.50 | -1.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Rogers Corp (ROG) report earnings?
Rogers Corp (ROG) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Rogers Corp (ROG) earnings time?
Rogers Corp (ROG) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ROG EPS forecast?
ROG EPS forecast for the fiscal quarter 2024 (Q4) is 0.44.
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