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As used herein, the Company, Rogers, we, us, our and similar terms include Rogers Corporation and its subsidiaries, unless the context indicates otherwise. Such statements are generally accompanied by words such as anticipate, assume, believe, could, estimate, expect, foresee, goal, intend, may, might, plan, potential, predict, project, should, seek, target or similar expressions that convey un…
The business is unprofitable at the operating level (-5.55% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 2.3% YoY. Margins deteriorated 8.5pp alongside, both lines moving the wrong way.
ROIC dropped from 1.29% to -2.84%, capital efficiency is deteriorating. Operating margin contracted 8.5pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$821M
▼ -2.3% YoY
Net Income (TTM)
-$56M
▼ -336.8% YoY
Op. Margin
-4.14%
▼ -8.5pp YoY
ROIC
-2.18%
▼ -4.1pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$70M
▲ +0.1% YoY
Op. Cash Flow (TTM)
$95M
▼ -20.4% YoY
Net Debt
-$166M
Net Cash Position
Cash & Equiv.
$196M
5Y CAGR: +0.2%
5Y CAGR: -10.6%
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