Rogers (ROG) Tops Q4 EPS by 18c

Rogers (NYSE: ROG) reported Q4 EPS of $0.89, $0.18 better than the analyst estimate of $0.71. Revenue for the quarter came in at $147.7 million versus the consensus estimate of $150 million.

Outlook

Exclusive of the newly acquired Arlon business, Rogers projects its first quarter 2015 net sales will be between $148 to $153 million and net income between $0.67 and $0.75 per diluted share, which does not include estimated acquisition related costs of approximately $0.10 to $0.12 per diluted share. The company expects that the Arlon acquisition, which closed on January 22, 2015, will contribute an additional $18 to $20 million of net sales and net income of between $0.13 and $0.16 per diluted share for the first quarter 2015. At this time the impact of applying purchase accounting is not included in this guidance as it has not yet been finalized.

Included in the first quarter 2015 net sales guidance is the negative impact of approximately $5.0 million due to the decline in the value of the Euro on a year-over-year basis.

For full year 2015, Rogers expects capital expenditures to be in the range of $33 to $38 million and its effective tax rate to be approximately 29%.

For earnings history and earnings-related data on Rogers (ROG) click here.

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