NYSE$ROG

Rogers Corporation · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Rogers Corporation reported its fourth quarter and full year 2024 financial results, which were in line with guidance expectations.

Rogers Corporation's Q4 2024 results were consistent with expectations, despite a decline in sales due to seasonal factors and lower wireless infrastructure and industrial revenues. The company focused on cost savings and operational improvements to mitigate the impact on gross margins, enabling solid cash flow generation.

  • Net sales for Q4 2024 were $192.2 million, a decrease of 8.6% from the prior quarter.
  • GAAP diluted earnings per share for Q4 2024 was $(0.03), compared to $0.58 in the previous quarter.
  • Adjusted diluted earnings per share for Q4 2024 was $0.46, down from $0.98 in the prior quarter.
  • Net cash provided by operating activities in Q4 2024 was $33.7 million, contributing to solid cash flow.

Headline financials

Total Revenue

$192M

Previous: $205M-6.1%
EPS (adj)

$0.46

Previous: $0.60-23.3%
Gross Margin

32.1%

No prior period
Adjusted EBITDA

$23.3M

No prior period
Adjusted EBITDA Margin

12.1%

Previous: 11.4%+6.1%
Net Income

-$500K

Previous: $23.2M-102.2%
Operating Income

-$5M

Previous: $30.5M-116.4%
Gross Profit

$61.7M

Previous: $67.4M-8.5%

Revenue & EPS history

Rogers · Revenue · Quarterly

$192M

Q4 2024-6.1%vs Q4 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Forward guidance

For Q1 2025, Rogers Corporation anticipates net sales between $180 million and $195 million, with gross margin ranging from 29.0% to 30.5%. GAAP earnings per diluted share are expected to be between ($0.26) and $0.04, while adjusted earnings per diluted share are projected to be between $0.10 and $0.40. Capital expenditures for 2025 are estimated to be between $40 million and $50 million.

Tailwinds

  • Anticipated adjusted earnings per diluted share of $0.10 to $0.40 for Q1 2025.
  • Continued focus on securing new design wins.
  • Commitment to improving cost structure.
  • Maintaining a strong balance sheet.
  • Executing on commercial, innovation, and manufacturing footprint priorities.

Headwinds

  • Expected net sales decline to $180 million to $195 million for Q1 2025.
  • Anticipated GAAP earnings per diluted share of ($0.26) to $0.04 for Q1 2025.
  • Expected gross margin to decrease to 29.0% to 30.5% for Q1 2025.
  • Customers remain cautious about the timing of a recovery in EV/HEV and industrial markets.
  • Expected restructuring charges associated with the wind-down of AES manufacturing operations in Evergem, Belgium facility.

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 2024

Historical avgQ4 2024

+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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