亚利桑那州钱德勒市， 2025 年 4 月 29 日——Rogers Corporation (NYSE:ROG) today announced financial results for the first quarter of 2025.
"Our first quarter unfolded largely as we expected with financial results that were in line with our guidance expectations,” stated Colin Gouveia, Rogers' President and CEO. "Sales decreased slightly versus the prior quarter as a result of unfavorable foreign currency changes and seasonally lower sales in the portable electronics market, but we were pleased to see improved demand in the ADAS and industrial end markets. We also further strengthened our balance sheet, ending the quarter with a $176 million cash position. Furthermore, we implemented additional measures to reduce operating expenses and manufacturing costs to enhance Rogers' competitiveness in this current environment.
"Visibility into the remainder of the year is limited due to broad uncertainty related to tariffs and global trade," said Gouveia. "However, despite these challenges, we remain focused on executing our commercial, innovation, and operational priorities. Combined with our strong financial position, these priorities are positioning Rogers for success as market conditions improve."
| GAAP 业绩（以百万美元为单位，每股金额除外） | 2025 年第一季度 | 2024 年第四季度 | 2024 年第一季度 |
|---|---|---|---|
| 净销售额 | $190.5 | $192.2 | $213.4 |
| 毛利率 | 29.9% | 32.1% | 32.0% |
| 净收入（亏损） | $(1.4) | $(0.5) | $7.8 |
| 摊薄后每股收益（亏损） | $(0.08) | $(0.03) | $0.42 |
| Adjusted Earnings Per Diluted Share 1 | $0.27 | $0.46 | $0.58 |
| Adjusted EBITDA 1 | $19.5 | $23.3 | $28.3 |
| 经营活动提供的现金净额 | $11.7 | $33.7 | $28.1 |
| Free Cash Flow 1 | $2.1 | $18.3 | $18.7 |
1 Adjusted Earnings Per Diluted Share, Adjusted EBITDA and Free Cash Flow are non-GAAP measures. A reconciliation of non-GAAP to GAAP measures is provided in the schedules included below.
Net sales of $190.5 million decreased 0.9% versus the prior quarter. Advanced Electronics Solutions (AES) net sales increased by 1.8% primarily related to higher ADAS and aerospace and defense sales, partially offset by lower EV/HEV and industrial sales. Elastomeric Material Solutions (EMS) net sales decreased by 4.3% primarily from a seasonal decline in portable electronics sales and lower EV/HEV sales, partially offset by higher general industrial sales. Currency exchange rates unfavorably impacted total company net sales in the first quarter of 2025 by $3.0 million compared to the prior quarter.
GAAP losses per diluted share were $(0.08) compared to losses per diluted share of $(0.03) in the previous quarter. On an adjusted basis, earnings were $0.27 per diluted share compared to earnings of $0.46 per diluted share in the prior quarter.
Ending cash and cash equivalents were $175.6 million, an increase of $15.8 million versus the prior quarter. Net cash provided by operating activities in the first quarter was $11.7 million and capital expenditures were $9.6 million. Proceeds from the sale of a manufacturing facility in Arizona were $13.4 million.
Guidance for the second quarter is based on global tariff policies in place as of 2025 年 4 月 29 日. Rogers has implemented actions that are expected to largely offset the impact of tariffs in the second quarter.
| （以百万美元为单位，每股金额除外） | Q2 2025 |
|---|---|
| 净销售额 | 190 至 205 |
| 毛利率 | 31.0% to 33.0% |
| Earnings Per Diluted Share 1 | $0.00 to $0.40 |
| Adjusted Earnings Per Diluted Share 2 | $0.30 to $0.70 |
| 2025 | |
|---|---|
| 资本支出 | $30 to $40 |
1 Includes expected restructuring charges associated with the wind-down of AES manufacturing operations in our Evergem, Belgium facility.
2 A reconciliation of non-GAAP to 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 2025 年 4 月 29 日星期二美国东部时间下午 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（U.S.）、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”、“或许”、“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。但是，我们无法向您保证所述的期望或信念一定会发生、实现或达成。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：failure to capitalize on, volatility within, or other adverse changes with respect to our growth drivers, such as delays in adoption or implementation of new technologies; failure to successfully execute on our long-term growth strategy; uncertain business, economic and political conditions in the U.S. and abroad, particularly in China, South Korea, Germany, Belgium, England, and Hungary, where we maintain significant manufacturing, sales or administrative operations; the trade policy dynamics between the U.S. and other countries where we do business, in particular China, as reflected in recently escalated tariff impositions and associated countermeasures, as well as the potential for U.S.-China supply chain decoupling; fluctuations in foreign currency exchange rates; our ability to develop innovative products and the extent to which they are incorporated into end-user products and systems; the extent to which end-user products and systems incorporating our products achieve commercial success; the ability and willingness of our sole or limited source suppliers to deliver certain key raw materials, including commodities, to us in a timely and cost-effective manner; business interruptions due to catastrophes or other similar events, such as natural disasters, war, terrorism or public health crises; the impact of sanctions, export controls and other foreign asset or investment restrictions; failure to realize, or delays in the realization of anticipated benefits of acquisitions and divestitures due to, among other things, the existence of unknown liabilities or difficulty integrating acquired businesses; our ability to attract and retain management and skilled technical personnel; our ability to protect our proprietary technology from infringement by third parties and/or allegations that our technology infringes third party rights; changes in effective tax rates or tax laws and regulations in the jurisdictions in which we operate; failure to comply with financial and restrictive covenants in our credit agreement or restrictions on our operational and financial flexibility due to such covenants; the outcome of ongoing and future litigation, including our asbestos-related product liability litigation; changes in environmental laws and regulations applicable to our business; and disruptions in, or breaches of, our information technology systems. 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。罗杰斯公司不承担更新或修改此处所载的任何前瞻性声明的责任，无论是由于新信息、未来的事件还是其他原因，法律所要求者除外。
Steve Haymore
电话：480-917-6026
电子邮箱：stephen.haymore@rogerscorporation.com
网站地址：https://www.rogerscorp.com
