ROG FY 2018 Earnings Report — Rogers Corporation Revenue & Financial Results | Market Cap Arena

Rogers CorporationROG

FY 2018 Earnings

Reported February 20, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$879M	—	$821M	—	7.1%
Op. Income	$113M	—	$129M	—	-12.7%
Gross Margin	35.4%	—	38.8%	—	-3.4pp
Net Margin	10.0%	—	9.8%	—	0.2pp
EPS (Diluted)	$4.70	—	$4.34	—	8.3%
Free Cash Flow	$20M	—	$112M	—	-82.4%

Revenue Flow

Item	Amount
REVENUE	$879M
Cost of Revenue	$568M
GROSS PROFIT	$311M
R&D Expenses	$33M
Selling & Marketing	$4M
General & Administrative	$159M
SG&A Expenses	$162M
Other Expenses	$3M
Operating Expenses	$198M
Cost & Expenses	$766M
OPERATING INCOME	$113M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$111M
Income Tax Expense	$23M
Net Income from Continuing Ops	$88M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$88M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$88M
D&A	$50M
EBIT	$113M
EBITDA	$163M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$879M
Cost of Revenue	$568M
GROSS PROFIT	$311M
R&D Expenses	$33M
Selling & Marketing	$4M
General & Administrative	$159M
SG&A Expenses	$162M
Other Expenses	$3M
Operating Expenses	$198M
Cost & Expenses	$766M
OPERATING INCOME	$113M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$111M
Income Tax Expense	$23M
Net Income from Continuing Ops	$88M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$88M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$88M
D&A	$50M
EBIT	$113M
EBITDA	$163M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$88M
Depreciation & Amortization	$50M
Stock-Based Compensation	$11M
Deferred Income Tax	-$3M
Other Non-Cash Items	-$26M
Change in Working Capital	-$53M
OPERATING CASH FLOW	$67M
Capital Expenditure	-$47M
Acquisitions (Net)	-$78M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$42M
NET CASH FROM INVESTING	-$167M
Net Debt Issuance	$96M
Common Stock Repurchased	-$3M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	$89M
FREE CASH FLOW	$20M
Net Change in Cash	-$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$168M
Short-Term Investments	$0
Net Receivables	$171M
Inventory	$133M
Other Current Assets	$11M
TOTAL CURRENT ASSETS	$486M
PP&E (Net)	$243M
Goodwill	$265M
Intangible Assets	$177M
Long-Term Investments	$19M
Tax Assets	$8M
Other Non-Current Assets	$82M
TOTAL NON-CURRENT ASSETS	$794M
TOTAL ASSETS	$1.3B
Account Payables	$40M
Short-Term Debt	$420.0K
Deferred Revenue	$7M
Other Current Liabilities	$42M
TOTAL CURRENT LIABILITIES	$107M
Long-Term Debt	$228M
Deferred Revenue NC	$10M
Deferred Tax Liabilities	$11M
Other Non-Current Liabilities	$80M
TOTAL NON-CURRENT LIABILITIES	$324M
TOTAL LIABILITIES	$431M
Common Stock	$18M
Additional Paid-In Capital	$132M
Retained Earnings	$776M
Treasury Stock	$0
Accum. Other Comp. Income	-$79M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$848M
Minority Interest	$0
TOTAL EQUITY	$848M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$233M
Net Debt	$65M