NYSE$ROG

Rogers Corporation · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Solid first quarter revenue growth was delivered, driven by EV/HEV, ADAS and industrial market sales, but tempered by global supply challenges and COVID impacts in China.

Rogers Corporation reported a 7.7% increase in net sales compared to the prior quarter, driven by higher EV/HEV, ADAS, and industrial market volumes. However, sales growth was tempered by COVID impacts and component shortages. GAAP earnings per diluted share were $0.87, while adjusted earnings per diluted share were $1.53.

  • Net sales increased by 7.7% versus the prior quarter, driven by higher EV/HEV, ADAS and industrial market volumes and commercial actions.
  • EMS net sales increased by 11.5% resulting from higher EV/HEV and industrial market sales and the Silicone Engineering acquisition.
  • AES net sales increased by 4.7% due to strong EV/HEV revenues and improved ADAS volumes, partially offset by lower wireless infrastructure revenues.
  • GAAP operating margin of 8.0% increased by 350 basis points from the prior quarter primarily due to the improvement in gross margin and lower SG&A expenses.

Headline financials

Total Revenue

$248M

Previous: $229M+8.3%
EPS (adj)

$1.53

Previous: $1.92-20.3%
Capital Expenditures

-$28.2M

Previous: -$3.6M-684.3%
Free Cash Flow

-$11.6M

Previous: $27.6M-142.2%
Net Income

$16.6M

Previous: $31.2M-46.8%
Operating Income

$19.9M

Previous: $37.2M-46.5%
Gross Profit

$85.4M

Previous: $89.5M-4.6%
Cash & Equivalents

$182M

Previous: $199M-8.5%
Total Assets

$1.59B

Previous: $1.28B+24.3%
Stock-Based Comp

$3.2M

Previous: $4.01M-20.1%

Revenue & EPS history

Rogers · Revenue · Quarterly

$248M

Q1 2022+8.3%vs Q1 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

As a result of the pending acquisition, Rogers will not hold an earnings call or provide forward-looking guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+2.5%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+1.8%

Avg return

30 days after

54%

35 / 65 earnings

Positive

+29.6%

Q3 2021

Best reaction

-14.7%

Q4 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.2%+4.2%+9.3%
Q4 2025+3.9%+3.0%-4.4%
Q3 2025+5.8%-1.5%+0.3%
Q1 2025+4.0%+4.9%+12.0%
Q4 2024-0.3%-4.7%-19.6%
Q3 2024+0.7%+2.9%+5.3%
Q2 2024-2.1%-2.7%-14.2%
Q1 2024+11.0%+9.2%+7.0%
Q4 2023-3.9%-6.6%-0.8%
Q3 2023+1.5%+4.3%+13.2%
Q2 2023-5.0%-6.3%-8.4%
Q1 2023+4.1%+3.0%+4.0%
Q4 2022+4.2%+6.2%+9.7%
Q3 2022-2.7%-0.8%+13.8%
Q2 2022-0.3%-0.2%-3.6%
Q1 2022-0.7%-0.2%-2.7%
Q4 2021-0.2%+0.2%-0.1%
Q3 2021+29.6%+29.4%+30.1%
Q2 2021-5.2%-5.4%+4.7%
Q1 2021+2.6%-1.7%-1.9%
Q4 2020+6.5%+5.7%+13.5%
Q3 2020+20.0%+16.5%+49.0%
Q2 2020-11.1%-10.1%-14.2%
Q1 2020-6.5%-8.3%-6.5%
Q4 2019-1.3%+4.9%-27.6%
Q3 2019-11.7%-4.5%-15.3%
Q2 2019-6.8%-15.1%-19.5%
Q1 2019+15.4%+17.4%-15.6%
Q4 2018+15.3%+14.8%+11.9%
Q3 2018+4.0%-0.3%+4.6%
Q2 2018-0.4%+3.9%+12.8%
Q1 2018-3.1%-5.2%+1.3%
Q4 2017-14.7%-17.9%-25.8%
Q3 2017+0.5%-3.6%+4.1%
Q2 2017+5.1%+2.9%+2.1%
Q1 2017+14.9%+18.5%+21.8%
Q4 2016+9.8%+7.0%+5.2%
Q3 2016+16.5%+26.0%+32.4%
Q2 2016-14.7%-17.8%-16.3%
Q1 2016+11.2%
Q4 2015+13.2%
Q3 2015-2.1%
Q2 2015+6.3%
Q1 2015-7.2%
Q4 2014-1.6%
Q3 2014+19.4%
Q2 2014-2.0%
Q1 2014+3.6%
Q4 2013+4.7%
Q3 2013+5.3%
Q2 2013+6.0%
Q1 2013-1.8%
Q4 2012-1.6%
Q3 2012+11.5%
Q2 2012+12.0%
Q1 2011+5.7%
Q1 2012+2.1%
Q4 2009-5.0%
Q4 2011-5.0%
Q3 2011-6.5%
Q3 2010-6.5%
Q2 2010+8.1%
Q2 2011+8.1%
Q4 2010+8.1%
Q1 2010-6.5%

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