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 ...

Group 1: Disney+ Overview - Disney+ serves as the streaming platform for a variety of content including movies and shows from Disney, Pixar, Marvel, Star Wars, and National Geographic, along with exclusive original programs and documentaries [1][5] - The platform features popular series such as The Kardashians, Criminal Minds: Evolution, and Doctor Who, with upcoming premieres including FX's The Bear Season 3 on June 27, Bluey Minisodes on July 3, and Only Murders in the Building Season 4 on August 27 [1] Group 2: Rogers Communications Partnership - Rogers Communications has integrated the ad-supported version of Disney+ into its TV packages at no additional cost for its customers, enhancing the value of its entertainment offerings [3] - This partnership aims to provide Rogers video subscribers with a comprehensive entertainment package that combines sports and iconic Disney content [3][6] - Rogers is recognized as a leading wireless, cable, and media company in Canada, publicly traded on both the Toronto Stock Exchange and the New York Stock Exchange [2]

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 ...

Special concert viewing will be reserved for Rogers customers OEG Sports & Entertainment and Rogers to Co-Host Free Concert in Fan Park @ ICE District Before Game 6 EDMONTON, Alberta, June 20, 2024 (GLOBE NEWSWIRE) -- OEG Sports and Entertainment (OEGSE) and Rogers today announced that Canadian DJ duo Loud Luxury and Canadian rock band The Beaches will be headlining the Rogers Festival at the Final prior to Game 6 with a free performance in ICE District to celebrate the 2024 Stanley Cup Final between the Ed ...

Solidifies Rogers as the home of sports and entertainment in Canada Starting September 2024, the company is launching NBCUniversal's Bravo channel in Canada and will become the English-language television content rights holder in Canada, featuring the best of unscripted programming, which will include new seasons of Bravo's hit franchise series. "We're already home to Canada's #1 sports network, and these partnerships solidify our leadership in entertainment with a diverse media portfolio of TV's most iconi ...

– Citytv's #1 show in over a decade – Law & Order Toronto: Criminal Intent, renewed for two seasons with production starting in July – – Let's go, Canada! Global icon Shania Twain joins Canada's Got Talent – – Beloved Hudson & Rex returns for its seventh season with production to begin in June – – Cheryl Hickey and Tracy Moore to host new Breakfast Television lifestyle show this fall – – Currently serving Ontario and British Columbia, CityNews 24/7 expands news service to Alberta, launching this July – – OM ...