rogers q4 2020 results

This is a slight decrease from the 131,000 postpaid wireless net additions the carrier reported in Q4 2019 , according to Rogers’ Q4 2020 quarterly earnings report released on January 28th. Ending cash and cash equivalents were $191.8 million, an increase of $5.7 million versus the prior quarter. on Q4 and full year 2020 results Nokia delivered a solid Q4 to end 2020 at the high end of our Outlook range. In line with the Company's expectations, $11.8 million of accelerated intangible amortization expense was incurred related to the DSP business in the fourth quarter, compared to $11.7 million of accelerated expense in the prior quarter. On an adjusted basis, earnings were $1.58 per diluted share compared to adjusted earnings of $1.45 per diluted share in the prior quarter. PES net sales increased in the EV/HEV market, partially offset by a decrease in the industrial power and mass transit markets. Reconciliation of GAAP earnings per diluted share to adjusted earnings per diluted share*: Impact of including dilutive securities(a), Earnings per diluted share adjusted for discrete items. Ending cash and cash equivalents of $191.8 million increased by $24.9 million versus the prior year. Reconciliation of GAAP earnings per diluted share to adjusted earnings per diluted share*: Impact of including dilutive securities(a), Earnings per diluted share adjusted for discrete items. We'll stay the course in 2021, focused on bringing breakthrough medicines and vaccines to people around the world. GAAP operating margin decreased to 8.4%, from 12.3% in the prior year, primarily due to higher SG&A and restructuring related charges, partially offset by gross margin improvement. The Company generated strong free cash flow of approximately $40 million in the fourth quarter of 2020. Rogers Corporation. Reconciliation of GAAP net income to adjusted EBITDA*: Reconciliation of net cash provided by operating activities to free cash flow*: Net cash provided by operating activities. Rogers Communications Inc. (NYSE: RCI) Q4 2020 Earnings Conference Call January 28, 2021 8:00 AM ET. Restructuring and impairment charges were $13.0 million, compared to $2.5 million in 2019. “Despite the challenges of the past year, 2020 was a year of substantial progress for Rogers. Gross margin was 36.4% compared to 35.0% in 2019. After the presentation, we will conduct a question-and-answer session, which will … Rogers Corporation (NYSE:ROG) plans to announce fourth quarter and full year 2020 results on February 18 after market close, which will be followed by a … Air Canada Reports 2020 Annual Results • Unrestricted liquidity of $8 billion at December 31, 2020 • Total revenues declined 70 per cent due to COVID-19 and travel restrictions MONTREAL, February 12, 2021 – Total revenues of $5 EMS net sales increased slightly from continued growth in the EV/HEV market and improved demand in the general industrial and traditional automotive markets, partially offset by a decline in portable electronics market sales. As a result, management believes that these measures enhance the ability of investors to analyze trends in the Company’s business and evaluate the Company’s performance relative to peer companies. Headquartered in Arizona (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Belgium, Hungary, and South Korea, with joint ventures and sales offices worldwide. 2020 revenues were $75 million, up 19% year-over-year, with fourth quarter results of $21 million and year-over-year growth of 13%. Currency exchange rates had an immaterial impact on total company net sales during 2020. TORONTO, Jan. 28, 2021 (GLOBE NEWSWIRE) — Rogers Communications Inc. today announced its unaudited financial and operating results for the fourth quarter ended December 31, 2020. However, non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation from, or solely as alternatives to, financial measures prepared in accordance with GAAP. *Values in table may not add due to rounding. A live webcast of the event and the accompanying presentation can be accessed on the Rogers Corporation website at https://www.rogerscorp.com/investors. Restructuring and impairment charges of $3.6 million were recognized in the fourth quarter, compared to $9.4 million in the prior quarter. 2020 Annual Report View online Launch site Download document PDF Created with Sketch. Q4 2020 business area results All commentary by business area relates to fourth quarter results. Excellent Q4 Results Driven By Advanced Mobility Growth and Strong Operational Execution. Looking ahead, we remain enthusiastic about the growth outlook in Advanced Mobility, and particularly the EV/HEV market where momentum is accelerating. The increase in gross margin resulted from operational cost savings, lower freight, duties and tariffs costs, productivity and yield improvements and favorable product mix, partially offset by lower volume, increased inventory reserves and higher COVID-19 related costs. We are confident that our innovative solutions and deep materials expertise will enable Rogers to continue to play a leading role in the global transition to clean technologies and in other markets across our diversified portfolio.”, Net Sales by Operating Segment (dollars in millions), 1 - A reconciliation of GAAP to non-GAAP measures is provided in the schedules included below. The charges in both the third and fourth quarters were primarily related to manufacturing footprint optimization plans to better align capacity with end market demand, improve factory utilization and increase cost competitiveness. Steve Haymore "Accelerating growth in Advanced Mobility markets, combined with continued improvements in operational execution, drove fourth quarter results above the top end of our guidance," stated Bruce D. Hoechner, Rogers' President and CEO. Through the year, … Provides 2021 Outlook Net sales increased 3% to $1.3 billion in Q4 and 2% to $4.9 billion in 2020 Q4 Net earnings of $138 million, $0.88 per share increased 10% 2020 … The increase in adjusted earnings per diluted share resulted from higher net sales and improved gross margin, partially offset by higher tax expense. Good afternoon, ladies and gentlemen, and welcome to Rogers Sugar's Fourth Quarter 2020 Results Call. Ending cash and cash equivalents were $191.8 million, an increase of $5.7 million versus the prior quarter. Full-year 2020 Results Full-year results reflect transaction-related impacts associated with the Red Hat acquisition, which closed in July 2019, and the impact of the $2.04 billion pre-tax charge for structural actions in the fourth quarter. Rogers delivers Power Electronics Solutions for energy-efficient motor drives, e-Mobility and renewable energy; Elastomeric Material Solutions for sealing, vibration management and impact protection in mobile devices, transportation interiors, industrial equipment and performance apparel; and Advanced Connectivity Solutions for wireless infrastructure, automotive safety and radar systems. This release contains forward-looking statements, which concern our plans, objectives, outlook, goals, strategies, future events, future net sales or performance, capital expenditures, future restructuring, plans or intentions relating to expansions, business trends and other information that is not historical information. Consolidated Financial Highlights The Company generated strong free cash flow of approximately $40 million in the fourth quarter of 2020. ACS net sales increased due to strong automotive demand for ADAS applications, partially offset by a decline in defense market demand. Management believes adjusted net income, adjusted earnings per diluted share, adjusted operating margin, adjusted EBITDA and adjusted EBITDA margin are useful to investors because they allow for comparison to the Company’s performance in prior periods without the effect of items that, by their nature, tend to obscure the Company’s core operating results due to potential variability across periods based on the timing, frequency and magnitude of such items. Q4 2020 Net Sales ($M) $195 to $210 Gross Margin 37.0% to 38.0% Earnings Per Share 1 $0.50 to $0.70 Non-GAAP Earnings Per Share 2 $1.30 to $1.50 2020 Effective Tax Rate 23% to 24% Rogers Communications Inc. 1 Fourth Quarter 2019 ROGERS COMMUNICATIONS REPORTS FOURTH QUARTER AND FULL-YEAR 2019 RESULTS; ANNOUNCES 2020 FINANCIAL GUIDANCE • Strong Wireless loading and accelerated adopti on of Rogers Infinite unlimited data plans Reconciliation of GAAP net income to adjusted net income: Acquisition and related integration costs, Change in foreign jurisdiction tax regulation on equity awards attributable to a prior period, Loss on sale or disposal of property, plant and equipment, Restructuring, severance, impairment and other related costs, Income tax effect of non-GAAP adjustments and intangible amortization. Currency exchange rates had an immaterial impact on total company net sales during 2020. For additional information about the risks, uncertainties and other factors that may affect our business, please see our most recent annual report on Form 10-K and any subsequent reports filed with the Securities and Exchange Commission, including quarterly reports on Form 10-Q. Reconciliations of the differences between these non-GAAP financial measures and their most directly comparable financial measures calculated in accordance with GAAP are set forth below. An estimate of the impact of this event is included in the first quarter financial outlook. In … If you are unable to attend, a conference call playback will be available from February 18, 2021 at approximately 8 pm ET through March 5, 2021 at 11:59 pm ET, by dialing 1-855-859-2056 from the United States, and 1-404-537-3406 from outside of the US, each with passcode 2598602. GAAP operating margin of 9.5% increased by 510 basis points sequentially primarily due to the improved gross margin and lower restructuring related charges. The decline in net sales were mainly due to impacts on market demand from the COVID-19 pandemic and the effects of trade restrictions on the wireless infrastructure market. With more than 180 years of materials science experience, Rogers delivers high-performance solutions that enable the company’s growth drivers -- advanced connectivity and advanced mobility applications, as well as other technologies where reliability is critical. Transcript Press Release 10-K EPS of $1.58 beats by $0.16 | Revenue of $210.67M (8.72% Y/Y) beats by $7.14M The following slide deck was published by Rogers … Adjusted operating margin of 18.4% increased by 110 basis points versus the prior quarter, primarily as a result of improved gross margin. Reconciliation of GAAP earnings per diluted share to adjusted earnings per diluted share guidance for the 2021 first quarter: View source version on businesswire.com: https://www.businesswire.com/news/home/20210218005721/en/, Investor contact: Steve HaymorePhone: 480-917-6026Email: stephen.haymore@rogerscorporation.com, Website address: http://www.rogerscorp.com, https://www.businesswire.com/news/home/20210218005721/en/. The increase in gross margin was due to higher volumes, improved productivity and yields and operational cost savings, partially offset by higher freight costs, commodity price increases and unfavorable product mix. Gross margin was 38.3%, compared to 37.4% in the prior quarter. Rogers Corporation assumes no responsibility to update any forward-looking statements contained herein except as required by law. Rogers Corporation has announced financial results for the full year and fourth quarter of 2020. “Accelerating growth in Advanced Mobility markets, combined with continued improvements in operational execution, drove fourth quarter results above the top end of our guidance,” stated Bruce D. Hoechner, Rogers' President and CEO. Adjusted operating margin of 18.4% increased by 110 basis points versus the prior quarter, primarily as a result of improved gross margin. A conference call to discuss the results for the fourth quarter and full year 2020 will take place today, Thursday, February 18, 2021 at 5pm ET.

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