Rogers (ROG) Tops Q2 EPS by 5c
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Rogers Corporation Reports Results for the Second Quarter of 2015
July 29, 2015 4:01 PM EDTRecord second quarter net sales of $163.1 million, up 6.3% Organic sales decline of 4.9%, excludes unfavorable currency impact of 5.4% Acquisition contribution of 16.5% growth EPS of $0.67 (non-GAAP), excludes $0.02 per diluted share of integration charges and a net favorable tax benefit of $0.06 per diluted share related to discrete items (GAAP EPS of $0.71) Gross margin of 37.1%, down 10 basis points Operating margin of 12.9% (non-GAAP), up 230 basis points (GAAP operating margin of 12.6%)
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Rogers Corporation Announces Business Segment Name Changes to Represent Expanding Portfolio of Engineered Material Solutions
July 29, 2015 1:58 PM EDTHigh Performance Foams (HPF) renamed Elastomeric Material Solutions (EMS) to better reflect a shift in focus on providing high performance, engineered solutions across a range of applications Printed Circuit Materials (PCM) renamed Advanced Connectivity Solutions (ACS), representing its expansion into new areas of RF/microwave and digital connectivity
