Rogers (US:ROG)2020-05-01 16:30Financial Performance - Q1 2020 net sales reached $199 million, a 3% increase compared to the previous quarter[12] - Adjusted earnings per diluted share (EPS) stood at $0.92[12] - The company's net cash position at the end of Q1 2020 was $35 million[12] - Q2 2020 net sales are projected to be between $190 million and $205 million[49] - Q2 2020 adjusted EPS is expected to range from $0.80 to $1.00[49] Segment Performance - Advanced Connectivity Solutions (ACS) reported net sales of $65 million, remaining flat compared to the previous quarter[14] - Power Electronics Solutions (PES) experienced a 6% increase in net sales, reaching $47 million[16] - Elastomeric Material Solutions (EMS) saw a 4% increase in net sales, totaling $84 million[19] Gross Margin Analysis - The gross margin for Q1 2020 was 33%[12] - Unfavorable mix across all segments negatively impacted volume and other factors, resulting in a decrease of $1.5 million[33, 39] - Performance improvements, driven by increased productivity and reduced manufacturing spend, contributed $2.8 million to the gross margin[37, 39]