ROG FY 2022 Earnings Report — Rogers Corporation Revenue & Financial Results | Market Cap Arena

Rogers CorporationROG

FY 2022 Earnings

Reported March 1, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$971M	—	$933M	—	4.1%
Op. Income	$144M	—	$117M	—	23.2%
Gross Margin	33.1%	—	37.4%	—	-4.4pp
Net Margin	12.0%	—	11.6%	—	0.4pp
EPS (Diluted)	$6.15	—	$5.73	—	7.3%
Free Cash Flow	$13M	—	$53M	—	-76.2%

Revenue Flow

Item	Amount
REVENUE	$971M
Cost of Revenue	$650M
GROSS PROFIT	$321M
R&D Expenses	$35M
Selling & Marketing	$3M
General & Administrative	$215M
SG&A Expenses	$219M
Other Expenses	-$77M
Operating Expenses	$177M
Cost & Expenses	$827M
OPERATING INCOME	$144M
Interest Income	$685.0K
Interest Expense	$10M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$140M
Income Tax Expense	$24M
Net Income from Continuing Ops	$117M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$46M
EBIT	$67M
EBITDA	$113M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$971M
Cost of Revenue	$650M
GROSS PROFIT	$321M
R&D Expenses	$35M
Selling & Marketing	$3M
General & Administrative	$215M
SG&A Expenses	$219M
Other Expenses	-$77M
Operating Expenses	$177M
Cost & Expenses	$827M
OPERATING INCOME	$144M
Interest Income	$685.0K
Interest Expense	$10M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$140M
Income Tax Expense	$24M
Net Income from Continuing Ops	$117M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$46M
EBIT	$67M
EBITDA	$113M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$117M
Depreciation & Amortization	$46M
Stock-Based Compensation	$12M
Deferred Income Tax	-$21M
Other Non-Cash Items	$68M
Change in Working Capital	-$92M
OPERATING CASH FLOW	$130M
Capital Expenditure	-$117M
Acquisitions (Net)	-$4M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$113M
Net Debt Issuance	$25M
Common Stock Repurchased	-$25M
Common Dividends Paid	$0
Other Financing Activities	-$11M
NET CASH FROM FINANCING	-$10M
FREE CASH FLOW	$13M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$236M
Short-Term Investments	$0
Net Receivables	$220M
Inventory	$182M
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$660M
PP&E (Net)	$371M
Goodwill	$352M
Intangible Assets	$134M
Long-Term Investments	$14M
Tax Assets	$51M
Other Non-Current Assets	$64M
TOTAL NON-CURRENT ASSETS	$986M
TOTAL ASSETS	$1.6B
Account Payables	$57M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$39M
TOTAL CURRENT LIABILITIES	$143M
Long-Term Debt	$215M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$24M
Other Non-Current Liabilities	$82M
TOTAL NON-CURRENT LIABILITIES	$331M
TOTAL LIABILITIES	$474M
Common Stock	$19M
Additional Paid-In Capital	$141M
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$85M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$229M
Net Debt	-$7M