(amounts in millions) |
|
2023 |
|
2022 |
|||||
Net income |
Q1 |
Q4 |
Q1 |
||||||
GAAP net income (loss) |
$ |
(3.5 |
) |
$ |
67.3 |
|
$ |
16.6 |
|
|
|
|
|
||||||
Acquisition and divestiture related costs: |
|
|
|
||||||
Acquisition and related integration costs |
|
0.1 |
|
|
0.1 |
|
|
0.5 |
|
Acquisition intangible amortization |
|
3.3 |
|
|
3.8 |
|
|
4.3 |
|
Dispositions |
|
1.2 |
|
|
3.2 |
|
|
— |
|
Loss/(gain) on sale or disposal of assets |
|
— |
|
|
0.5 |
|
|
— |
|
|
|
|
|
||||||
Restructuring, business realignment and other cost saving initiatives: |
|
|
|
||||||
Restructuring, severance, impairment and other related costs |
|
11.9 |
|
|
68.6 |
|
|
0.5 |
|
|
|
|
|
||||||
| Non-routine shareholder advisory costs |
|
7.6 |
|
|
— |
|
|
— |
|
| (Income) costs associated with terminated merger |
|
1.9 |
|
|
(138.6 |
) |
|
11.5 |
|
| UTIS fire (recovery)/charges |
|
(0.2 |
) |
|
0.4 |
|
|
(0.5 |
) |
| Asbestos-related charges |
|
— |
|
|
0.1 |
|
|
— |
|
| Income tax effect of non-GAAP adjustments and intangible amortization |
|
(6.1 |
) |
|
14.1 |
|
|
(3.7 |
) |
| Adjusted net income |
$ |
16.2 |
|
$ |
19.5 |
|
$ |
29.1 |
|
| *Values in table may not add due to rounding. |
|||||||||
|
Rogers Corporation Reports First Quarter 2023 Results
Reconciliation of GAAP net income to adjusted net income*:
|
|
||||||
|
|
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|
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