NYSE$ROG
Rogers Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Rogers' Q3 2023 results were released, demonstrating improved gross margin and earnings.
Rogers Corporation reported a nearly flat net sales of $229.1 million for Q3 2023, with a gross margin of over 35%. The company saw improvements in earnings and operating cash flow, driven by strong operating performance and cost structure improvements. While global economic conditions remained challenging, the company made progress in margin, cost structure, and securing design wins.
- Gross margin increased to over 35%, marking the third consecutive quarter of improvement.
- Net sales were $229.1 million, nearly flat compared to the prior quarter, impacted by challenging global economic conditions and customer inventory destocking.
- GAAP earnings per diluted share were $1.02, compared to $0.96 in the previous quarter.
- Net cash provided by operating activities was $42.0 million.
Headline financials
Revenue & EPS history
Rogers · Revenue · Quarterly
$229M
Forward guidance
For Q4 2023, Rogers Corporation expects net sales between $215 million and $225 million, gross margin between 34.0% and 35.0%, earnings per diluted share between $0.71 and $0.91, adjusted earnings per diluted share between $0.90 and $1.10, and capital expenditures between $55 million and $65 million.
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 2023
+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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