Core Points - Jacob Lewis has won the title of champion on Canada's Got Talent, receiving a cash prize of $1 million from Rogers, marking the largest cash prize in Canadian television history [1][3] - The finale featured various performances, with Lewis impressing judges and the audience with his rendition of "The Best" by Tina Turner [4][11] - Lewis, an offshore oil and gas construction worker from Butlerville, Newfoundland, had previously put his dreams of becoming a full-time singer on hold due to family responsibilities [6][5] Summary by Categories Winner Announcement - Jacob Lewis from Butlerville, NL, is announced as the champion of Canada's Got Talent, winning $1 million from Rogers [3][4] - The announcement was made during a live finale broadcast on Citytv [3] Performance Highlights - Lewis's performance of "The Best" by Tina Turner was a standout moment during the finale, earning him the title [4][11] - Other notable performances included comedy acts by Darren Leo and Sai Kit Lo, as well as musical acts by The Martin Boys and Carsim Birmingham [10][11] Judges' Comments - Judge Howie Mandel expressed that the prize opens doors for extraordinary talent like Lewis to pursue their dreams [5] - Shania Twain highlighted the significance of having the support of the country behind a contestant, emphasizing the emotional impact of the moment [5]

Core Points - The episode of Canada's Got Talent aired on May 6, 2025, where the judges selected the first six acts moving on to the finale, with the public voting for two additional acts until 4 a.m. ET [1][4] - The finale is scheduled for May 13, 2025, at 8 p.m. ET on Citytv and Citytv+ [1] Selected Acts - The first six acts moving to the finale include: - The Martin Boys from Woodstock, New Brunswick [2] - Jacob Lewis from Butlerville, Newfoundland & Labrador, who received Shania Twain's Golden Buzzer [3] - Carsim Birmingham from Vancouver, British Columbia, who received Kardinal Offishall's Golden Buzzer [4] - Nicolina from Vaughan, Ontario, who received Lindsay Ell's Golden Buzzer [5] Voting Process - Canadians can vote for two additional acts from the remaining performances until 4 a.m. ET [1][4] Prize Information - 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 [6] - Each Golden Buzzer recipient will receive $25,000, totaling $150,000 for all recipients [6]

Group 1 - The article highlights that a market downturn can lead to previously undervalued stocks becoming even cheaper, creating more appealing yields and attractive valuations [2] - It emphasizes the importance of focusing on long-term investment opportunities despite near-term market noise [2] Group 2 - The service iREIT+HOYA Capital is focused on income-producing asset classes that provide sustainable portfolio income, diversification, and inflation hedging [1]

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]

Financial Performance - Net sales for the three months ended March 31, 2025, were $190.5 million, a decrease of 10.6% compared to $213.4 million for the same period in 2024[12]. - Gross margin decreased to $57.0 million, representing a gross margin percentage of 29.9%, down from $68.2 million and 32.0% in the prior year[12]. - Operating loss for the quarter was $(0.3) million, compared to an operating income of $11.7 million in the same quarter last year[12]. - Net loss for the three months ended March 31, 2025, was $(1.4) million, compared to a net income of $7.8 million for the same period in 2024[14]. - Basic and diluted earnings per share were both $(0.08) for the current quarter, down from $0.42 in the prior year[12]. - Comprehensive income for the quarter was $16.3 million, compared to a comprehensive loss of $(1.3) million in the same quarter last year[14]. - The Advanced Electronics Solutions segment generated net sales of $104.2 million for the three months ended March 31, 2025, down from $122.1 million in the same period of 2024, a decline of approximately 14.7%[84]. - In Q1 2025, net sales decreased by approximately 10.7% to $190.5 million compared to Q1 2024, with a gross margin decline of 210 basis points to 29.9%[115][118]. Assets and Liabilities - Total assets increased to $1,510.4 million as of March 31, 2025, compared to $1,481.1 million at the end of 2024[16]. - Cash and cash equivalents at the end of the period were $175.6 million, up from $159.8 million at the beginning of the period[20]. - As of March 31, 2025, the total accounts receivable, net, increased to $139.2 million from $135.3 million as of December 31, 2024, reflecting a growth of 2.9%[32]. - The total inventories increased slightly to $143.0 million as of March 31, 2025, compared to $142.3 million as of December 31, 2024[35]. - The total contract assets rose to $25.0 million as of March 31, 2025, up from $23.7 million as of December 31, 2024, indicating a growth of 5.5%[34]. - The company recognized asbestos-related liabilities of $57.4 million and insurance receivables of $52.3 million as of March 31, 2025[62]. - The company had no outstanding borrowings under its revolving credit facility as of March 31, 2025, and had discretionary principal payments of $30.0 million in 2024[54]. Expenses and Charges - Research and development expenses decreased to $7.1 million from $8.9 million year-over-year[12]. - The company recognized restructuring and impairment charges of $5.9 million for the three months ended March 31, 2025, compared to $0.1 million in the same period of 2024[85]. - The company incurred $4.0 million in restructuring charges for the three months ended March 31, 2025, with $3.2 million as cash-based expenditures and $0.7 million as non-cash expenditures[87]. - Total equity compensation expense for the three months ended March 31, 2025, was $3.6 million, slightly up from $3.5 million in the same period of 2024[66]. - SG&A expenses decreased by 6.3% to $44.5 million, accounting for 23.4% of net sales, compared to 22.3% in Q1 2024[120]. Cash Flow and Capital Expenditures - Net cash provided by operating activities was $11.7 million in Q1 2025, down from $28.1 million in Q1 2024[137]. - The company expects capital spending in 2025 to be between $30.0 million and $40.0 million, funded by cash from operations and existing credit facilities[137]. - Cash and cash equivalents increased by $15.8 million, or 9.9%, to $175.6 million as of March 31, 2025, primarily due to $13.4 million from the sale of the Price Road facility and operational cash flows[140]. Strategic Initiatives - The company operates two strategic segments: Advanced Electronics Solutions (AES) and Elastomeric Material Solutions (EMS)[108]. - The growth strategy focuses on market-driven organization, innovation leadership, synergistic mergers and acquisitions, and operational excellence[109]. - The company is capitalizing on growth opportunities in the automotive industry, aerospace and defense, portable electronics, and renewable energy markets[110]. - The company anticipates annual operating income improvement between $7.0 million and $9.0 million from the consolidation of its high-frequency circuit material manufacturing operations, with expected pre-tax restructuring charges of $22.0 million to $28.0 million[86]. Market and Economic Conditions - The company is facing potential adverse impacts from U.S. trade policy changes, including tariffs, which may affect operating results and financial condition[149]. - The EV/HEV market is projected to grow at a compound annual growth rate of 10% to 15% over the next several years, presenting significant opportunities for the company[114]. Tax and Regulatory Matters - The effective tax rate for the first quarter of 2025 was 12.5%, with a loss before income taxes of $1.6 million[94]. - The company expects no material impact from the OECD Pillar 2 global minimum tax of 15% in 2025[96]. Workforce and Operations - A global workforce reduction plan was announced in March 2025, resulting in $1.8 million in pre-tax restructuring charges, all cash-based[88]. - The company is in the process of implementing a new global ERP system, with the first phase completed at one manufacturing site[144].

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 ...