Key Developments: Rogers Corp (ROG)
47.57USD
17 May 2013
$0.58 (+1.23%)
$46.99
$47.37
$47.59
$47.11
78,780
77,947
$51.96
$34.61
Latest Key Developments (Source: Significant Developments)
Rogers Corp Reaffirms Q2 2013 Guidance
Rogers Corp announced that for the second quarter of 2013, it expects net sales between $129 to $134 million, GAAP income from continuing operations of between $0.45 and $0.56 per diluted share and non-GAAP income (excluding special charges) from continuing operations of between $0.47 and $0.58 per diluted share. The Company now projects GAAP income per diluted share for the second quarter to be $0.32 to $0.43. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $133 million and EPS of $0.54 for second quarter of 2013. Full Article
Rogers Corp Issues Q2 2013 Guidance Below Analysts' Estimates
Rogers Corp announced that for second quarter of 2013, it expects net sales between $129 to $134 million and non-GAAP income from continuing operations of between $0.47 and $0.58 per diluted share, which excludes special charges. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $135 million and EPS of $0.65 for second quarter of 2013. Full Article
Rogers Corp Lowers Q1 2013 Guidance
Rogers Corp revised guidance for its first quarter 2013 and now projects net sales from continuing operations of approximately $126 million compared to previous guidance of $129 to $133 million, GAAP earnings per diluted share from continuing operations to be approximately $0.39 per share. These per share estimates include anticipated net special adjustments of approximately $0.05 per diluted share during the quarter. Excluding these charges, non-GAAP earnings per diluted share from continuing operations are expected to be $0.44 compared to the previous non-GAAP guidance of $0.57 to $0.61 per diluted share. The first quarter results were primarily impacted by lower demand and lower production absorption in the quarter, as well as start-up costs associated with the installation of the new molded urethane foam manufacturing line. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $131 million and EPS of $0.59 for the first quarter of 2013. Full Article
Rogers Corp Issues Q1 2013 Guidance; Revenue Guidance Above Analysts' Estimates
Rogers Corp announced that for the first quarter of 2013, it forecast revenues between $129 to $133 million and non-GAAP income from continuing operations of between $0.57 and $0.61 per diluted share (EPS), which excludes any restructuring expenses related to the relocation of certain Curamik inspection operations and other special charges. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $128 million and EPS of $0.58 for the first quarter of 2013. Full Article
Rogers Corp Lowers Q4 2012 Guidance
Rogers Corp announced revised guidance for the fourth quarter of 2012 and expects net sales from continuing operations of approximately $124 million compared to the November 5, 2012 guidance of $129 to $135 million. The GAAP earnings per diluted share from continuing operations are now expected to range from $0.24 to $0.30. These per share estimates include anticipated net special charges of approximately $0.28 per diluted share during the quarter. Excluding these charges, non-GAAP earnings per diluted share from continuing operations are expected to be in the range of $0.52 to $0.58 compared to the November 5, 2012 guidance of $0.69 to $0.79 per diluted share. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $133 million and EPS of $0.76 for fourth quarter of 2012. Full Article
Rogers Corp Issues Q4 2012 Guidance; EPS Guidance Above Analysts' Estimates
Rogers Corp announced that for fourth quarter of 2012, it expects sales to be in the range of $129 to $135 million and non-GAAP earnings from continuing operations of between $0.69 and $0.79 per diluted share, which excludes any non-recurring severance and restructuring expenses related to the relocation of the Curamik inspection operations and any other special charges. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $135 million and EPS of $0.66 for fourth quarter of 2012. Full Article
Rogers Corporation Issues Q3 2012 Guidance; Revenue Guidance Below Analysts' Estimates
Rogers Corporation announced that for third quarter of 2012, it expects sales to be in the range of $127 to $135 million, earnings on a non-GAAP basis (excluding any potential one-time charges) to improve to between $0.60 and $0.70 per diluted share (EPS). According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $141 million and EPS of $0.60 for third quarter of 2012. Full Article
Rogers Corporation Issues Q2 2012 Guidance Below Analysts' Estimates
Rogers Corporation announced that for second quarter of 2012, it expects sales to be in the range of $125 to $132 million and earnings per diluted share (EPS) in the range of $0.37 to $0.47. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $134 million and EPS of $0.49 for second quarter of 2012. Full Article
Rogers Corporation Updates On Streamlining Initiatives
Rogers Corporation announced an update to its planned restructuring and streamlining initiatives. Operating savings from recent efforts are expected to begin in the second quarter of 2012 and reach approximately $13 million of annualized savings by the fourth quarter of 2012, exceeding the earlier forecasted savings of $10 million. Actions recently completed by the Company to achieve these savings included improvements in efficiencies of supply chain and manufacturing operations, cost reduction activities across its businesses, and headcount reductions through a voluntary retirement program and the elimination of some positions. As a result of the reorganization, product development, marketing and sales resources are better aligned with the Company's growth businesses in Printed Circuit Materials, High Performance Foams and Power Electronics Solutions. Additional resources have been allocated to marketing and new business development activities to stimulate growth and expand revenue opportunities. The Company continues to pursue an active partnering and acquisition strategy for several of its core businesses. Full Article
Rogers Corporation Issues Q1 2012 Guidance In Line With Analysts' Estimates
Rogers Corporation announced that for first quarter of 2012, it expects sales to be in the range of $120 to $126 million and earnings per diluted share (EPS) in the range of $0.22 to $0.30, which excludes any discrete costs related to streamlining initiatives. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $126 million and EPS of $0.29 for first quarter of 2012. Full Article
Rogers' profits boosted by New Mauritius Hotels stake
PORT LOUIS, Feb 15 - First-quarter pretax profits at Mauritius-based conglomerate Rogers jumped to 1.61 billion rupees ($53.6 million) from 128 million a year ago, it said on Friday.
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