Rogers (ROG) Tops Q1 EPS by 13c, Revenues Beat; Offers 2Q Revenue Guidance Above Consensus, 2Q EPS Mid-Point Guidance Above Consensus

Rogers (NYSE: ROG) reported Q1 EPS of $1.92, $0.13 better than the analyst estimate of $1.79. Revenue for the quarter came in at $229.3 million versus the consensus estimate of $220 million.

“Rogers delivered strong first quarter sales and earnings, driven by the continued execution of our growth strategy and operational excellence initiatives,” stated Bruce D. Hoechner, Rogers' President and CEO. “Accelerating demand for our innovative solutions in Advanced Mobility markets and a broad recovery in industrial demand were the primary catalysts for the sales increase. We continue to see robust market demand looking forward, but anticipate that global supply chain disruptions and the ongoing recovery of UTIS manufacturing will temper sales growth for the second quarter. We remain enthusiastic about the significant growth opportunities in Advanced Mobility and we are aggressively expanding capacity to capitalize on this opportunity, in addition to focusing on growth opportunities in our other core markets.”

GUIDANCE:

Rogers sees Q2 2021 EPS of $1.80-$1.95, versus the consensus of $1.80. Rogers sees Q2 2021 revenue of $230-240 million, versus the consensus of $221.57 million.

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

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