Rogers (ROG) Tops Q1 EPS by 53c, "We remain cautious regarding global markets"

Rogers (NYSE: ROG) reported Q1 EPS of $1.68, $0.53 better than the analyst estimate of $1.15. Revenue for the quarter came in at $203.83 million versus the consensus estimate of $190.48 million.

GUIDANCE:

Rogers sees Q2 2017 EPS of $1.16-$1.26, versus the consensus of $1.05. Rogers sees Q2 2017 revenue of $190-200 million, versus the consensus of $187.8 million.

(emphasis Street Insider): Bruce D. Hoechner, President and CEO commented, "Our strong revenue growth in Q1 2017 was driven by increased organic sales across all our business units as well as exceptional sales performance by our recently acquired businesses. Our excellent operating discipline translated our sales performance to the bottom line enabling Rogers to deliver all-time record quarterly earnings. We are clearly benefiting from our strong execution of our core strategy: market driven innovation; synergistic M&A and operating excellence to deliver shareholder value. We remain cautious regarding global markets given the ongoing geopolitical uncertainty."

For earnings history and earnings-related data on Rogers (ROG) click here.

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