Rogers Corporation (NYSE:ROG) Q1 2023 Results Conference Call April 27, 2023 5:00 PM ET

Company Participants

Steve Haymore - Director, IR

Colin Gouveia - President and CEO

Ram Mayampurath - SVP and CFO

Conference Call Participants

Daniel Moore - CJS Securities

Craig Ellis - B. Riley Securities

Operator

Good afternoon. My name is Joe, and I will be your conference operator today. At this time, I would like to welcome everyone to the Rogers Corporation Q1 2023 Earnings Conference Call.

I will now turn the call over to your host, Mr. Steve Haymore, Director of Investor Relations. Mr. Haymore, you may begin.

Steve Haymore

Good afternoon, everyone, and welcome to the Rogers Corporation First Quarter 2023 Earnings Conference Call. The slides for today's call can be found on the Investors section of our website along with the news release that was issued earlier today.

Please turn to Slide 2. Before we begin, I would like to note that statements in this conference call that are not strictly historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and should be considered as subject to many uncertainties that exist in Rogers operations and environment. These uncertainties include economic conditions, market demands and competitive factors. Such factors could cause actual results to differ materially from those in any forward-looking statements made today.

Please turn to Slide 3. The discussions during this conference call will also reference certain financial measures that were not prepared in accordance with Generally Accepted Accounting Principles. A reconciliation of those non-GAAP financial measures to the most directly comparable GAAP financial measures can be found in the slide deck for today's call.

Turning to Slide 4, with me today is Colin Gouveia, President and CEO; and Ram Mayampurath, Senior Vice President and CFO. I will now turn the call over to Colin.

Colin Gouveia

Thanks, Steve. Good afternoon, everyone, and thank you for joining us. Before I discuss the results for the quarter, I'll touch on the progress we are making related to our key priorities, which we outlined at our recent Analyst and Investor Day. I'll begin on Slide 5.

As highlighted last month, our plan is to achieve breakthrough growth and profitability as we restore, accelerate and elevate our performance. This includes driving immediate improvements in our near-term profitability, taking actions to strengthen the organization and maximizing the opportunities in our sales funnel and innovation pipeline to drive growth. We continue to make good progress in all of these areas.