NYSE$ROG

Rogers Corporation · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Rogers Corporation's Q4 2020 results were driven by growth in Advanced Mobility markets and strong operational execution.

Rogers Corporation reported net sales of $210.7 million, a 4% increase versus the prior quarter. GAAP earnings per diluted share were $0.81, compared to $0.37 per diluted share in the previous quarter. The company generated strong free cash flow of approximately $40 million in the fourth quarter of 2020.

  • Net sales increased 4% versus the prior quarter primarily due to higher sales in the ACS and PES business units.
  • Gross margin was 38.3%, compared to 37.4% in the prior quarter, due to higher volumes, improved productivity and yields and operational cost savings.
  • GAAP operating margin of 9.5% increased by 510 basis points sequentially primarily due to the improved gross margin and lower restructuring related charges.
  • The Company generated strong free cash flow of approximately $40 million in the fourth quarter of 2020.

Headline financials

Total Revenue

$211M

Previous: $194M+8.7%
EPS (adj)

$1.58

Previous: $1.14+38.6%
Capital Expenditures

$11.4M

Previous: $12.8M-10.4%
Free Cash Flow

$39.9M

Previous: $32.9M+21.3%
Net Income

$15.2M

Previous: -$28.8M+152.9%
Operating Income

$20M

Previous: $14.6M+37.0%
Gross Profit

$80.7M

Previous: $64.2M+25.7%
Cash & Equivalents

$192M

Previous: $167M+14.9%
Total Assets

$1.26B

Previous: $1.27B-0.7%
Stock-Based Comp

$3.22M

Previous: $3.01M+6.8%

Revenue & EPS history

Rogers · Revenue · Quarterly

$211M

Q4 2020+8.7%vs Q4 2019
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The Company is considering various recovery options and expects to resume production in S. Korea during the fourth quarter of this year. An estimate of the impact of this event is included in the first quarter financial outlook.

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 Q4 2020

Historical avgQ4 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

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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