New partnership with Nova Credit makes transition to Canada easier Newcomers can finance a new smartphone and build credit in Canada TORONTO, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Rogers Communications announced a new partnership with Nova Credit, a cross-border credit bureau, to help newcomers to Canada build credit and finance a new smartphone, making their transition easier. The collaboration enables Rogers to offer newcomers maximum credit by considering their international credit history when applying for ...

THIS MEDIA RELEASE IS NOT FOR DISTRIBUTION TO THE UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, Aug. 09, 2024 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (RSI) announces that its Board of Directors has authorized a declaration of a quarterly dividend of $0.09 per share to be paid to shareholders of record on September 27, 2024, payable on October 10, 2024. This is an eligible dividend for income tax purposes. For further information: Mr. Jean-Sébastien Couillard Vice Presiden ...

VANCOUVER, British Columbia, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (the "Company", "Rogers", "RSI" or "our," "we", "us") (TSX: RSI) today reported results for the third quarter and first nine months of fiscal 2024. Consolidated adjusted EBITDA for the quarter rose to $34.5 million, driven by strong performance in the Company's Maple and Sugar segments. The quarterly consolidated adjusted EBITDA represents a record for third-quarter profitability at Rogers Sugar, driven by supportive market con ...

Financial Data and Key Metrics Changes - Sales for Q2 2024 were $214 million, approximately flat compared to the prior quarter, with gross margins at 34.1%, an increase of 210 basis points from Q1 [9][19][120] - Adjusted net income rose from $11 million in Q1 to $13 million in Q2, with adjusted earnings per share increasing from $0.58 to $0.69 [20][120] - The company generated operating cash flow of $23 million in Q2, with capital expenditures of $14 million for the quarter [127] Business Line Data and Key Metrics Changes - In the AES segment, revenue decreased by 5.4% to $116 million, primarily due to lower sales in EV/HEV, Industrial, and Aerospace and Defense markets [39] - EMS revenue increased by 10.5% to $95 million, driven by higher EV/HEV and Portable Electronics sales [40] - Sales in the EV/HEV market were mixed, with record sales in the EMS business but lower ceramic power substrate sales due to elevated customer inventory levels [10][11] Market Data and Key Metrics Changes - The Industrial Market saw a decline in sales due to elevated customer inventory levels, with manufacturing activity levels remaining subdued according to U.S. and European PMI data [12] - In the Renewable Energy sector, a major U.S. power module supplier designed in the company's substrate technology for solar power conversion [13] - The Portable Electronics market showed stronger sales in line with seasonal expectations, indicating a moderately stronger smartphone refresh cycle in 2024 [34] Company Strategy and Development Direction - The company is focused on driving innovation and has consolidated R&D efforts within business unit teams to better address customer needs [7][30] - A new ceramic power substrate facility is under construction in China, expected to support local production and meet demand from both Western and domestic OEMs [8][32] - The company is prioritizing cost structure improvements and operational excellence to maximize cash flow and support growth initiatives [16][42] Management's Comments on Operating Environment and Future Outlook - Management noted that elevated customer inventory levels and softer end consumer demand are impacting the ceramic power substrate business, with no expected recovery in 2024 [11][67] - The company remains optimistic about its differentiated ceramic product technology and the support from customers for expansion plans in China [18] - Management expects total sales to be stronger in the second half of the year, particularly in the EMS business, while the AES business outlook remains uncertain [43][84] Other Important Information - The company has authorized an additional $100 million for share repurchases, bringing the total available to $116 million [21] - The 2024 ESG report highlights significant progress in reducing greenhouse gas emissions, with a target of a 20% reduction by 2030 [15][129] Q&A Session Summary Question: What is the outlook for the ceramic business given the current inventory levels? - Management indicated that the ceramic business will continue to be down significantly year-over-year, with challenges expected to persist throughout 2024 [47][67] Question: How does the company reconcile the performance differences between battery pads and ceramic products in the EV market? - The performance difference is attributed to customer mix, with ceramic technology serving a smaller concentration of power module producers [76][77] Question: What are the expectations for the ADAS business in the second half of the year? - Management anticipates that the ADAS business will perform as usual, with growth driven by new model launches [100][102] Question: When can the company expect to realize the financial benefits from consolidating manufacturing operations? - The full benefit of the consolidation is expected in the second half of 2025, with a projected annual benefit of $7 million to $9 million [92][93] Question: What is the company's strategy regarding new technologies and products? - The company is excited about its next-generation radar technology and believes it will contribute to growth in the coming years [86][106]

Net of taxes of $1.7 million and $1.8 million as of June 30, 2024 and December 31, 2023, respectively. Net of taxes of $1.9 million for both June 30, 2023 and December 31, 2022. For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ROGERS CORPORATION (Exact Name of Registrant as Specified in its Charter) _______________________________ Indicate by check mark whether the registrant (1) has filed all reports required to be fi ...

"Solid execution contributed to results that were in line with our second quarter expectations," stated Colin Gouveia, Rogers' President and CEO. "Sales were near the mid-point of our Q2 guidance, as stronger portable electronics and wireless infrastructure revenues were tempered by lower general industrial demand. We achieved record quarterly sales of our leading EV battery solutions, but overall EV/HEV results were mixed as power substrate sales declined due to elevated customer inventory levels. Stronger ...

Electronics stocks are expected to have significantly benefited from the AI boom in second-quarter 2024. The growing integration of machine learning and especially generative AI technologies in consumer and commercial products is likely to have continued bolstering the demand for electronic components. The increasing use of electronic equipment in electric and autonomous vehicles is likely to have benefited the electronic stocks in the quarter under review. Growing demand for positioning, surveying and mach ...

If you wish to participate, please dial 1-800-717-1738. A recording of the conference call will be accessible shortly after the conference, by dialing 1-877-674-7070, access code 30571#. This recording will be available until August 8, 2025. VANCOUVER, British Columbia, July 18, 2024 (GLOBE NEWSWIRE) -- Rogers Sugar Inc. (RSI) will be holding a conference call to discuss their 2024 third quarter results on Thursday, August 8, 2024, at 17h30 (Eastern Time). The discussion along with a presentation will be ac ...

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TORONTO, June 24, 2024 (GLOBE NEWSWIRE) -- Rogers Communications Inc. (TSX: RCI.A and RCI.B) (NYSE: RCI) plans to release its second quarter 2024 financial results on Wednesday, July 24, 2024, before North American financial markets open. The results will be distributed by newswire and posted at investors.rogers.com. Rogers' management will host its quarterly teleconference with the investment community to discuss the results and outlook at 8:00 a.m. ET. A live webcast of the teleconference will be availabl ...