Financial Data and Key Metrics Changes - Q1 sales were $191 million, slightly lower sequentially, primarily due to foreign exchange rate changes and seasonality in the portable electronics market [8][22] - Gross margin for Q1 was 29.9%, a decrease of 220 basis points from the previous quarter, attributed to utilization headwinds and unfavorable product mix [24] - Adjusted EPS decreased to $0.27 from $0.46 in Q4, reflecting lower gross margin [22] Business Line Data and Key Metrics Changes - Advanced Electronic Solutions (AES) revenue increased by 2% to $104 million, driven by higher ADAS and aerospace and defense sales [23] - Electronic Materials Solutions (EMS) revenue decreased by approximately 4% to $83 million, impacted by lower portable electronics, EVHEV, and aerospace and defense sales [23] - Sales in the ADAS and industrial markets increased, while EVHEV sales declined in both AES and EMS business units [11][12] Market Data and Key Metrics Changes - The company noted a meaningful increase in opportunities with Chinese OEMs in the ceramic power substrate market [9] - Portable electronics sales declined sequentially due to normal seasonality [14] - The company expects Q2 sales to range between $190 million and $205 million, indicating a 4% increase from Q1 [29] Company Strategy and Development Direction - The company is focused on securing new design wins and improving operational efficiency while navigating the challenges posed by tariffs [31] - A local for local strategy is being implemented to mitigate tariff impacts, with plans to manage inventories and source materials from other countries [16][31] - The company is also prioritizing capital return to shareholders and exploring synergistic M&A opportunities [27][28] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating current market challenges due to a strong balance sheet and global manufacturing footprint [7][31] - There is uncertainty regarding the impact of tariffs on sales in the second half of the year, but management remains optimistic about long-term growth in the EVHEV market [17][52] - Customer conversations have been constructive, with a focus on collaboration to mitigate potential tariff impacts [45][46] Other Important Information - The company has implemented significant cost improvements, expecting net savings of $25 million in 2025 [20] - Cash at the end of Q1 was $176 million, an increase of $16 million from Q4 [26] - The company plans to reduce capital expenditures to between $30 million and $40 million for the full year [27] Q&A Session Summary Question: How much of the $25 million cost savings is in the Q2 guidance? - Most savings in Q2 are associated with the reduction force and are expected to be around $3 million [36][38] Question: Expectations for Q3 performance? - Improvement in Q3 is anticipated, contingent on portable electronics ramping and inventory issues in the power module market abating [39][40] Question: Customer sentiment regarding tariffs? - Customers are feeling resilient and are open to collaboration to mitigate potential tariff impacts [45][46] Question: Update on the ceramic opportunity pipeline in China? - The company is making good progress with the Kramer facility and has several design wins in the pipeline [50][52] Question: Insights on gross margin expansion in Q2? - Gross margin expansion is expected due to improved mix and ongoing cost management efforts [53][56]

Core Points - The episode of Canada's Got Talent aired on April 29, 2025, featuring the selection of 14 acts moving on to The Eliminations [1][4] - The show is hosted by Lindsay Ell, with judges including Howie Mandel, Shania Twain, Katherine Ryan, and Kardinal Offishall [1] Contestants and Highlights - Notable contestants include Jacob Lewis from Newfoundland & Labrador, who received Shania Twain's Golden Buzzer, and DeeDee Austin from Prince Edward Island, who received Howie Mandel's Golden Buzzer [2][3] - The winner of Canada's Got Talent will receive a cash prize of $1 million, the largest in Canadian television history, along with $50 from Howie Mandel and financial advice from CIBC [4] - Each Golden Buzzer recipient will receive $25,000, totaling $150,000 for all recipients, to support their ambitions [4] Performances - Performances featured on the episode include acts from various regions such as Whyte Whyne and Young Riesling, Julianna Moore, and Badunkafunk [6] - The episode also showcased dance performances and comedy acts, highlighting the diversity of talent [6][7]

Forward-looking statements Safe Harbor Statement Q1 2025 Earnings Call APRIL 29, 2025 1 Financial Results: Statements included in this presentation that are not a description of historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are generally accompanied by words or phrases such as "anticipate," "assume," "believe," "could," "estimate," "expect," "fo ...

Rogers Corp. (ROG) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this specialty materials company would post earnings of $0.45 per share when it actually produced earnings of $0.46, delivering a surprise of 2.22%.Over the last four quarter ...

Financial Data and Key Metrics Changes - Q1 sales were $191 million, slightly lower sequentially, primarily due to foreign exchange rate changes and seasonality in the portable electronics market [9][24] - Gross margin for Q1 was 29.9%, a decrease of 220 basis points from the previous quarter, attributed to utilization headwinds and unfavorable product mix [26] - Adjusted EPS decreased to $0.27 from $0.46 in Q4, reflecting lower gross margin [25] Business Line Data and Key Metrics Changes - Advanced Electronic Solutions (AES) revenue increased by 2% to $104 million, driven by higher ADAS and aerospace and defense sales, partially offset by lower EVHEV revenue [25] - Elastomeric Materials Solutions (EMS) revenue decreased by approximately 4% to $83 million due to lower portable electronics, EVHEV, and aerospace and defense sales [25] - Sales in the ADAS and industrial markets increased, while EVHEV sales declined in both AES and EMS business units [13][14] Market Data and Key Metrics Changes - The company noted a meaningful increase in opportunities with Chinese OEMs in the ceramic opportunity pipeline [11] - Portable electronics sales declined sequentially due to normal seasonality [16] - The company expects Q2 sales to range between $190 million and $205 million, indicating a 4% increase from Q1 [31] Company Strategy and Development Direction - The company is focused on executing commercial and operational objectives, securing new design wins, and improving operational efficiency [33] - A local for local strategy is being implemented to mitigate tariff impacts, with plans to manage inventories and source materials from other countries [18][19] - The company is targeting synergistic bolt-on M&A opportunities that are EPS accretive and exceed return thresholds [30] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating current market challenges due to a strong balance sheet and global manufacturing footprint [8] - There is uncertainty regarding the impact of tariffs on sales in the second half of the year, but management is pursuing mitigation strategies [20][19] - Customer conversations have been constructive, with a focus on collaboration to address tariff-related challenges [47][48] Other Important Information - The company expects to achieve net savings of $25 million in 2025, with a run rate savings of $32 million [22] - Cash at the end of Q1 was $176 million, an increase of $16 million from Q4 [28] - The company plans to reduce CapEx intensity, expecting to spend between $30 million to $40 million for the full year [29][82] Q&A Session Summary Question: How much of the $25 million cost savings is in the Q2 guidance? - Most of the savings in Q2 are associated with the reduction force and will see benefits of about $3 million in the second half [38][39] Question: Do you expect Q3 to be your strongest quarter again this year? - Expectations for Q3 depend on the ramp-up of portable electronics and inventory issues in the power module market [40][41] Question: What is the tone of customer conversations regarding tariffs? - Customers are feeling resilient and are open to working together to mitigate potential tariff impacts [46][47] Question: Can you provide more details on the ceramic opportunity pipeline in China? - The company is making good progress with its facility in China and has several design wins in the pipeline [52][53] Question: What are your expectations for free cash flow this year? - The company expanded its cash balance in Q1, indicating resilience in liquidity and a strong balance sheet [78][79] Question: How is the capital intensity of the two main segments characterized? - Investments have been balanced between both segments, with ongoing maintenance and optimization efforts [88][89]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q _______________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file number 1-4347 _______________________________ ROGERS C ...

Rogers Corporation Reports First Quarter 2025 Results 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 sale ...

Financial Performance - Rogers Communications reported first-quarter 2025 adjusted earnings of 69 cents per share, missing the Zacks Consensus Estimate by 2.82% and remaining flat year over year [1] - Revenues totaled $3.47 billion, missing the consensus mark by 1.19% and decreasing 4.6% year over year [1] - In Canadian dollars, adjusted earnings were C$0.99 per share, remaining flat year over year, while total revenues increased 1.5% year over year to C$4.98 billion [2] Wireless Segment - Wireless revenues, accounting for 51.1% of total revenues, increased 0.6% year over year to C$2.54 billion, with service revenues rising 1.5% to C$2.02 billion [3] - Monthly mobile phone ARPU was C$56.94, down 1.9% year over year, while the prepaid subscriber base grew by 111K to 1.13 million [4] - The postpaid wireless subscriber base reached 10.78 million, with net additions of 293K subscribers year over year [4] Cable Segment - Cable revenues, representing 38.9% of total revenues, decreased 1.2% year over year to C$1.93 billion due to competitive promotional activity [6] - Service revenues in the cable segment fell 1.2% year over year to C$1.92 billion, while equipment revenues decreased 8.3% to C$11 million [6] - The retail Internet subscriber count increased by 108K to nearly 4.296 million [6] Media Segment - Media revenues increased 24.4% year over year to C$596 million, driven by higher sports-related revenues and advertising revenues [9] - Segment operating expenses rose 13.9% year over year to C$663 million, resulting in a negative adjusted EBITDA of C$67 million [10] Consolidated Results - Operating costs increased 1.3% to C$2.72 billion, while adjusted EBITDA rose 1.8% year over year to C$2.25 billion [11] - Adjusted EBITDA margin expanded 10 basis points to 45.3% [11] Balance Sheet & Cash Flow - As of March 31, 2025, available liquidity was C$7.5 billion, including C$2.7 billion in cash and cash equivalents [12] - The debt leverage ratio was 4.3 times, with cash flow from operating activities at C$1.29 billion [13] - Free cash flow was C$586 million, down from C$878 million in the previous quarter [13] Dividends & Guidance - The company paid dividends worth C$269 million and declared a C$0.50 per share dividend [14] - For 2025, Rogers Communications expects total service revenues and adjusted EBITDA to grow in the range of 0-3% [15]

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Rogers Corp. due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Rogers Corp. is expected to report quarterly earnings of $0.24 per share, reflecting a year-over-year decrease of 58.6% [3]. - Revenue projections stand at $185.75 million, indicating a 13% decline from the previous year [3]. Estimate Revisions - The consensus EPS estimate has been revised 6.06% higher in the last 30 days, suggesting a reassessment by analysts [4]. - The Most Accurate Estimate is lower than the Zacks Consensus Estimate, leading to an Earnings ESP of -4.17%, indicating a bearish outlook [10][11]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive reading is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank of 1, 2, or 3 [8]. - Stocks with a positive Earnings ESP and a solid Zacks Rank have historically produced a positive surprise nearly 70% of the time [8]. Historical Performance - In the last reported quarter, Rogers Corp. exceeded earnings expectations, posting $0.46 per share against an expectation of $0.45, resulting in a surprise of +2.22% [12]. - Over the past four quarters, the company has consistently beaten consensus EPS estimates [13]. Conclusion - Despite the potential for an earnings beat, other factors may influence stock movement, and the current indicators suggest Rogers Corp. may not be a compelling candidate for an earnings surprise [14][16].

Core Insights - Rogers Communications has been ranked as the most reliable 5G wireless network in Canada by umlaut, reinforcing its leadership in network reliability [1][2] - The company has won umlaut's "Best in Test" wireless benchmark award for seven consecutive years, demonstrating top performance in voice, data, and reliability [2][3] - Rogers has invested over $40 billion in its networks over the last decade and plans to invest an additional $4 billion in capital investments this year [4] Company Commitment - The company is dedicated to providing Canadians with the best networks and plans, emphasizing the importance of reliability for customers [3] - Rogers' 5G network now reaches more than 2,500 communities across Canada, showcasing its commitment to expanding network coverage [4] Benchmarking and Recognition - Umlaut, a global leader in independent benchmarking, conducts extensive drive tests and uses crowdsourced data to measure network performance across over 200 mobile networks in more than 120 countries [3]