亚利桑那州钱德勒市 2024 年 10 月 24 日：Rogers Corporation (NYSE:ROG) today announced financial results for the third quarter of 2024.
"Third-quarter results were mixed with earnings that exceeded our guidance expectations and sales that were below the low end of our outlook,” stated Colin Gouveia, Rogers' President and CEO. "The higher earnings resulted from our ongoing focus on operational improvements, improved product mix, and careful expense management. Sales for the quarter were lower than expected due to softer EV/HEV demand and a lower seasonal peak in portable electronics sales. Looking ahead to the fourth quarter, we expect sales to decline due to typical seasonality and deferred ordering as customers manage year-end inventory levels. We continue to execute our focused strategy to position Rogers for the long-term, as highlighted by the ribbon-cutting ceremony at our new power substrate factory in China, which is targeted to growth opportunities in the EV/HEV, renewable energy, and industrial markets."
| GAAP 业绩（以百万美元为单位，每股金额除外） | 2024 年第三季度 | 2024 年第二季度 | 2023年第三季度 |
|---|---|---|---|
| 净销售额 | $210.3 | $214.2 | $229.1 |
| 毛利率 | 35.2% | 34.1% | 35.1% |
| 经营利润率 | 6.9% | 5.3% | 11.8% |
| 净收入 | $10.7 | $8.1 | $19.0 |
| 净收入利润率 | 5.1% | 3.8% | 8.3% |
| 摊薄后每股收益 | $0.58 | $0.44 | $1.02 |
| 经营活动提供的现金净额 | $42.4 | $22.9 | 42.0 美元 |
| 非 GAAP 业绩1（以百万美元为单位，每股金额除外） | 2024 年第三季度 | 2024 年第二季度 | 2023年第三季度 |
|---|---|---|---|
| 调整后经营利润率 | 11.7% | 8.2% | 14.3% |
| 调整后净收入 | $18.2 | $12.8 | $23.2 |
| 调整后摊薄每股收益 | $0.98 | $0.69 | $1.24 |
| 调整后 EBITDA | $35.2 | $31.9 | $45.4 |
| 调整后 EBITDA 利润率 | 16.7% | 14.9% | 19.8% |
| 自由现金流 | $25.2 | $8.8 | $35.3 |
| 按经营部门划分的销售净额（百万美元） | 2024 年第三季度 | 2024 年第二季度 | 2023年第三季度 |
|---|---|---|---|
| 先进电子解决方案 (AES) | $112.2 | $115.5 | $126.3 |
| 高弹体材料解决方案 (EMS) | $94.2 | $94.7 | $98.0 |
| 其他 | $3.9 | $4.0 | $4.8 |
1 下文的明细表中提供了 GAAP 与非 GAAP 计量方式的对账
Net sales of $210.3 million decreased 1.8% versus the prior quarter resulting from lower sales in the AES and EMS business units. AES net sales decreased by 2.9% primarily related to lower EV/HEV, ADAS and industrial sales, partially offset by higher aerospace and defense (A&D) and wireless infrastructure sales. EMS net sales decreased by 0.5% primarily from lower EV/HEV and A&D sales, partially offset by higher portable electronics and general industrial sales. Currency exchange rates favorably impacted total company net sales in the third quarter of 2024 by $0.3 million compared to the prior quarter.
Gross margin increased to 35.2% from 34.1% in the prior quarter primarily from favorable product mix, which was partially offset by lower volumes.
Selling, general and administrative (SG&A) expenses decreased by $5.8 million from the prior quarter to $45.1 million. The decline in SG&A expenses was primarily due to lower variable compensation and professional services expenses.
GAAP operating margin of 6.9% increased from 5.3% in the prior quarter, primarily due to improved gross margin and lower SG&A expenses, partially offset by higher restructuring charges. Adjusted operating margin of 11.7% increased by 350 basis points versus the prior quarter.
GAAP earnings per diluted share were $0.58 compared to earnings per diluted share of $0.44 in the previous quarter. On an adjusted basis, earnings were $0.98 per diluted share compared to earnings of $0.69 per diluted share in the prior quarter.
Ending cash and cash equivalents were $146.4 million, an increase of $26.5 million versus the prior quarter. Net cash provided by operating activities in the third quarter was $42.4 million and capital expenditures were $17.2 million.
| （以百万美元为单位，每股金额除外） | Q4 2024 |
|---|---|
| 净销售额 | $185 to $200 |
| 毛利率 | 31.5% to 33.0% |
| Earnings Per Diluted Share1 | $(0.15) to $0.15 |
| Adjusted Earnings Per Diluted Share2 | $0.30 to $0.60 |
| 2024 | |
|---|---|
| 资本支出 | $50 to $60 |
1 Includes expected restructuring charges associated with the wind-down of AES manufacturing operations in our Evergem, Belgium facility
2 A reconciliation of GAAP to non-GAAP measures is provided in the schedules included below.
讨论第一季度业绩的电话会议将于今天 星期四, 2024 年 10 月 24 日 美国东部时间 下午 05:00 召开。欢迎前往罗杰斯公司网站 https://www.rogerscorp.com/investors 查看活动实时网络直播和随附演示。
罗杰斯公司（NYSE：ROG）作为工程材料的全球领导者，我们的产品正驱动、保护并连接我们的世界。罗杰斯为客户提供创新解决方案帮助他们应对材料领域的困难和挑战。我们的先进电子以及高弹体材料可广泛用于电动/混动汽车、车辆安全和雷达系统、移动设备、可再生能源、无线基础设施、高效电机驱动以及工业设备等诸多领域。罗杰斯总部位于亚利桑那州钱德勒市，在美国、亚洲和欧洲都设有制造工厂，销售办事处遍布全球。
此文稿中包含的非历史事实描述的声明属于“前瞻性声明”，其含义见经修订的《1933 年证券法》第 27A 条和经修订的《1934 年证券交易法》第 21E 条。此类声明通常伴随着诸如“预期”、“假设”、“相信”、“可以”、“估计”、“期望”、“预测”、“目标”、“打算”、“可能”、“计划”、“潜在”、“预计”、“估计”、“应该”、“寻求”、“旨在”或类似表达的词语或短语，这些词语或短语传达了关于未来事件或结果的不确定性。前瞻性声明基于我们认为合理的假设和信念；然而，假定事实几乎总是与实际结果不同，假定事实与实际结果之间的差异可能取决于具体情况。如果我们对未来结果表达期望或信念，则基于认为有合理依据的假设，真诚地表达期望或信念。此文稿包含前瞻性声明，涉及我们的计划、目标、展望、战略、未来活动、未来净销售额或业绩、资本性支出、未来的重组、扩张相关计划和意图、业务趋势以及其他非历史性信息。所有前瞻性内容均基于截至本文发布日期时我们可获得的信息，可能会面临各类风险、不确定性和其他因素的影响，其中许多因素超出我们的可控范围，这将导致实际结果与这些前瞻性内容中所述的结果有巨大出入。可能导致结果差异性的其他风险和不确定性包括但不限于：未能充分利用公司的增长动力，有关公司增长动力的不稳定性或其他不利变化，例如，延迟采用或实施新技术；未能成功执行我们作为一家独立公司的长期发展战略；美国和国外（尤其是中国、德国、比利时、英国、韩国和匈牙利，我们在这些国家有大量制造、销售或行政业务）的商业、经济和政治形势的不确定性；反映在贸易协议谈判、关税征收和其他贸易限制的美中贸易政策动态，以及中美供应链脱钩的可能性；反映在贸易协议谈判、关税征收和其他贸易限制的美中贸易政策动态，以及中美供应链脱钩的可能性；外汇波动；我们开发创新产品的能力，我们的产品融入到最终用户产品和系统的程度，以及融合了我们产品的最终用户产品和系统实现商业成功的程度；我们的独家供应商或有限来源供应商以及时、经济高效的方式向我们交付某些关键原材料（包括商品）的能力和意愿；激烈的全球竞争，这可能影响我们的现有产品和目前开发中的产品；由于灾难或其他类似事件（如自然灾害、战争、恐怖主义或公共健康危机）造成的业务中断；制裁、出口管制和其他外国资产或投资限制的影响；因存在未知负债或已收购业务整合困难等原因，未能实现或延迟实现收购和资产剥离的预期收益；我们吸引和留住管理人员和资深技术人员的能力；我们防止专有技术不受第三方侵权的能力和/或避免我们的技术受到指控称侵犯第三方权利的能力；我们业务经营所在司法管辖区的实际税率或税收法律和法规变更；未能遵守我们的信贷协定中的财务和限制性契约或该等契约对我们的经营和财务灵活性施加的限制；未决及未来诉讼的结果（包括我们的石棉相关产品的责任诉讼）；适用于我们业务的环境法律法规的更改；我们的信息技术系统受到干扰或遭到破坏。如果任何风险和不确定性发展为实际事件，这些发展可能对公司产生重大不利影响。我们的前瞻性声明明确符合这些警戒性声明的条件，您应该仔细考虑。如需了解关于这些风险、不确定性以及可能影响我们业务的其他因素，请参阅我们在 10-K 表中的最新年度报告以及向美国证券交易委员会提交的所有后续报告，包括 10-Q 表中的季度报告。对于本文所载前瞻性内容的更新，罗杰斯公司不承担任何责任，法律要求的情形除外。
投资者联系方式：
Steve Haymore
电话：480-917-6026
电子邮箱：stephen.haymore@rogerscorporation.com
