NYSE$ROG
Rogers Corporation · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported strong financial results driven by strategic market growth and operational execution.
Rogers Corporation reported a 5.6% increase in net sales compared to the prior quarter, driven by strength in EV/HEV, ADAS, portable electronics, and defense markets. Gross margin increased due to higher volumes, favorable mix, and operational cost savings. GAAP earnings per share decreased due to higher restructuring-related expenses and increased accelerated intangible amortization, while adjusted earnings per share increased due to improved gross margin and lower tax expense.
- Net sales increased 5.6% sequentially to $201.9 million, driven by EMS and PES segment sales.
- Gross margin improved to 37.4% due to higher volumes, favorable mix, and operational cost savings.
- GAAP earnings per share were $0.37, while adjusted earnings per share were $1.45.
- The company generated strong free cash flow of $47.9 million.
Headline financials
Revenue & EPS history
Rogers · Revenue · Quarterly
$202M
Forward guidance
For Q4 2020, Rogers Corporation expects net sales of $195 to $210 million, gross margin of 37.0% to 38.0%, GAAP earnings per share of $0.50 to $0.70, and non-GAAP earnings per share of $1.30 to $1.50. The effective tax rate is expected to be 23% to 24%, and capital expenditures are projected to be $40 to $45 million.
Tailwinds
- Net Sales ($M): $195 to $210
- Gross Margin: 37.0% to 38.0%
- Earnings Per Share: $0.50 to $0.70
- Non-GAAP Earnings Per Share: $1.30 to $1.50
- Capital Expenditures ($M): $40 to $45
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 Q3 2020
+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
| Quarter | Report date | Reaction (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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