rogers q1 2020 results

... Q1 2020 Financial Workbook 147.4 KB. According to Scotiabank's analysis, Rogers is predicted to report mixed Q1 2020 results and remove its outlook for the year due to the COVID-19 pandemic. ROG Rogers Corp Rogers Corporation Reports First Quarter 2020 Results Revenue and EPS at Top End of Guidance Rogers Corporation (NYSE:ROG) today announced financial results for the first quarter of 2020. The carrier withdrew its 2020 financial guidance it originally issued in January due to the uncertainty surrounding the pandemic. Rogers Corporation (NYSE:ROG) plans to announce first quarter 2020 results on April 30 after market close, which will be followed by a conference call at 5:00 pm ET. 28 January 2021: Q4 2020 Earnings Call Transcript Q3 2020. Company Participants. In addition, these non-GAAP financial measures may differ from similarly named measures used by other companies. Management also believes free cash flow is useful to investors as an additional way of viewing the Company's liquidity and provides a more complete understanding of factors and trends affecting the Company's cash flows. With more than 180 years of materials science experience, Rogers delivers high-performance solutions that enable the company’s growth drivers-- advanced connectivity and advanced mobility applications, as well as other technologies where reliability is critical. On an adjusted basis, earnings were $0.92 per diluted share compared to adjusted earnings of $1.14 per diluted share in the prior quarter. Net sales of $198.8 million increased 2.6% versus the prior quarter, despite some impact to demand from the COVID-19 pandemic. Learn more about what makes Rogers a great place to work and view current job openings. "The global Rogers team responded swiftly to focus on employee safety and health while maintaining continuity of our operations in order to meet commitments to our customers. The decline in gross margin was primarily due to unfavorable product mix and the impact of COVID-19 related costs of $0.6 million, partially offset by higher volume and operational savings. Rogers' DUREL® drivers are powerful, efficient, quiet, economical, and require minimal external components and board space. ET. Reconciliation of GAAP earnings per diluted share to adjusted earnings per diluted share*: Impact of including dilutive securities(a), Earnings per diluted share adjusted for discrete items. Press Release mp3. Get notifications on updates to rogerscorp.com, including product content, updated documents and press releases. Email: [email protected], Website address: https://www.rogerscorp.com, Download Complete Release (Including Financial Statements). Q4 2020 Financial Workbook 136.9 KB. "The global Rogers team responded swiftly to focus on employee safety and health while maintaining continuity of our operations in order to meet commitments to our customers. A live webcast of the event and the accompanying presentation can be accessed on the Rogers Corporation website at https://www.rogerscorp.com/investors. The passcode for the live teleconference is 1277251. Created with Sketch. Rogers Communications Inc. posted a $352 million net profit for the first three months of 2020, but warns it cannot predict how its 2020 results will be affected by the continuing COVID-19 pandemic and economic recession. Stephen Haymore - Director of IR. Phone: 480-917-6026 Rogers' Elastomer Components Division produces two product lines – NITROPHYL® Floats and ENDUR® Components – with manufacturing headquarters in Suzhou. ", Net Sales by Operating Segment (dollars in millions), 1 - Q4 2019 net loss and earnings per share inclusive of a non-cash after-tax pension settlement charge of $43.9 million, or $2.35 per diluted share, 2 - A reconciliation of GAAP to non-GAAP measures is provided in the schedules included below. As for Q1 2020 itself, Rogers is expected to report 28,000 postpaid wireless net additions, along with a loss of 50,000 prepaid net additions. Rogers Corporation Reports First Quarter 2020 Results . In its Q1 2020 earnings report released on April 22nd, Rogers says the decreases can be attributed to the COVID-19 pandemic. Rogers' Elastomeric Material Solutions are engineered for superior performance, from ultra-thin protection for sensitive electronics to robust gasketing for automotive applications. How are we doing? The increase in cash was primarily due to $150 million of new borrowing under the Company’s revolving credit facility and net cash provided by operating activities of $8.6 million, partially offset by capital expenditures of $11.2 million and $5.0 million in tax payments related to net share settlement of equity awards. "Rogers delivered solid first quarter results at the high end of our guidance range, despite the impact of the ongoing COVID-19 pandemic," stated Bruce D. Hoechner, Rogers' President and CEO. As a reminder, all participants are in a listen-only mode and the conference is being recorded. PES and EMS segment sales increased versus the fourth quarter of 2019 and ACS segment revenue was essentially flat. Rogers Communications Inc Q1 2020 Earnings Call Apr 22, 2020, 8:00 a.m. Net sales of $198.8 million increased 2.6% versus the prior quarter, despite some impact to demand from the COVID-19 pandemic. GAAP earnings per share were $0.71, compared to a net loss per share of $(1.55) in the fourth quarter of 2020. The first quarter of 2020 ending cash and cash equivalents was $308.3 million, an increase of $141.4 million versus the prior quarter. Q1. Revenue and EPS at Top End of Guidance Rogers Corporation (NYSE:ROG) today announced financial results for the first quarter of 2020. We’re all working together toward a single mission: to power, protect and connect our world. The carrier withdrew its 2020 financial guidance it originally issued in January due to the uncertainty surrounding the pandemic. Rogers Communications Inc. 8 First Quarter 2020 fundamental reform of major interest rate benchmarks bein g undertaken globally to replace or redefine Inter-Bank Offered Rates (IBORs) with alternative nearly risk-free benchmark rates (referred to as "IBOR reform"). CHANDLER, Ariz.--(BUSINESS WIRE)--Apr 21, 2020--Rogers Corporation (NYSE:ROG) plans to announce first quarter 2020 results on April 30 after market close, which will be followed by a conference call at 5:00 pm ET. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. Wireless Details Wireless (60.8% of total revenues) decreased 1.2% from the year-ago quarter to C$2.49 billion. The first quarter of 2020 ending cash and cash equivalents was $308.3 million, an increase of $141.4 million versus the prior quarter. Prepared Remarks 389.8 KB. Rogers' Advanced Connectivity Solutions manufactures high frequency laminates and prepregs which are engineered for your exact performance requirements. Rogers withdraws 2020 outlook in uncertainty of coronavirus crisis, Q1 revenue slumps 5% Back to video Rogers, which faces stiff competition from rivals BCE Corp and Telus Corp, generated average revenue per user of $52.85 from its wireless services, compared with $54.13, a year earlier. For additional information about the risks, uncertainties and other factors that may affect our business, please see our most recent annual report on Form 10-K and any subsequent reports filed with the Securities and Exchange Commission, including quarterly reports on Form 10-Q. CHANDLER, Ariz.--(BUSINESS WIRE)--Rogers Corporation (NYSE:ROG) today announced financial results for the second quarter of 2020. Recent call transcripts of Rogers Communications Inc. Q4 2020. Reconciliation of GAAP net income to adjusted net income: Acquisition and related integration costs, Change in foreign jurisdiction tax regulation on equity awards attributable to a prior period, Loss on sale or disposal of property, plant and equipment, Restructuring, severance, impairment and other related costs, Income tax effect on non-GAAP adjustments and intangible amortization. Our competitive benefits packages help our employees live their best, both on and off the job. Q3. Earnings Release 657.2 KB. © 2020 Rogers Corporation. Rogers 2020 second quarter guidance incorporates the Company's best estimate of the impact of COVID-19 and the net sales range is wider than historically provided due to an increased level of uncertainty in the outlook. Rogers delivers Power Electronics Solutions for energy-efficient motor drives, e-Mobility and renewable energy; Elastomeric Material Solutions for sealing, vibration management and impact protection in mobile devices, transportation interiors, industrial equipment and performance apparel; and Advanced Connectivity Solutions for wireless infrastructure, automotive safety and radar systems. Revenue and EPS at Top End of Guidance. Headquartered in Arizona (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Belgium, Hungary, and South Korea, with joint ventures and sales offices worldwide. This earnings release includes the following financial measures that are not presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”): (1) Adjusted net income, which the Company defines as net income excluding amortization of acquisition intangible assets and discrete items such as acquisition and related integration costs, change in foreign jurisdiction tax regulation on equity awards attributable to a prior period, asbestos related charges, environmental accrual adjustment, gain from indemnity claim, losses or gains on the sale or disposal of property, plant and equipment, pension settlement charges, restructuring, severance, impairment and other related costs, transition services, net, and the related income tax effect on these items (collectively, “discrete items”). "Rogers delivered solid first quarter results at the high end of our guidance range, despite the impact of the ongoing COVID-19 pandemic," stated Bruce D. Hoechner, Rogers' President and CEO. Rogers Corporation (NYSE:ROG) Q1 2020 Earnings Conference Call April 30, 2020 5:00 PM ET. In the ACS segment, higher ADAS and wireless infrastructure sales were offset by a decline in aerospace and defense market demand.

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