Thanks, thank everyone, you and Steve. afternoon, Good for joining us.
at which outlined on we are begin progress we the making I'll Slide recent discuss I touch Investor X. our the results the key to I'll Before on Analyst Day. priorities, quarter, for related and our
in the funnel in accelerate is and growth. includes performance. and strengthen taking profitability month, growth we pipeline drive As driving our restore, and opportunities and maximizing actions profitability, This plan to organization our to breakthrough our sales achieve near-term the last our innovation highlighted immediate improvements to elevate as
good make of these to all progress in continue areas. We
driving a X% Specific our cost manufacturing conference Rogers' of reduction number in implementing our and improve structure, noncore divesting we've manufacturing footprint. actions line, a our to and we QX laminate discussed the natural global call yield workforce, efforts, on materials taken including Restore as improvements, product circuit to February, a in rubber optimizing
our expected This footprint utilization to manufacturing facility, improve communicated action decided have further levels smaller is This the Asia. decision to location sell operating and As optimization Road in efforts, continuing we to Price in exit is decision costs. the part of we addition previously. which to a reduce
reviews We charges are the Ram of the see beginning to around QX our P&L. he these recent results provide associated actions one-time our detail these results. with when in decisions will
to continue talent. with Additionally, the bolster we new organization
Webb Counsel and As recently President Corporate announced, Mike Vice we hired and Chief and as President, as Morton General Officer Senior Secretary. Vice Jessica Administrative
and to We are Jessica bring the significant company. experience to join both expertise have and Mike and delighted Rogers
new more of the Officer, share we'll on to a Chief a and We this hiring announce information also expect date. topic at soon Technology later
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tailwinds with some these particularly over targets. XXXX in up the and intently supporting technology, our which EV these on differentiated the focused growth Also strong have the We markets, space. years, outlook this on included ramp program our next to XX% positions to capitalizing market CAGR line in are in will wins, are top X% reach significant X
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growing converting are design a growth funnel Elevate rate sales in a sustain margin. wins. beyond into and double-digit our faster more goal growth line Third, opportunity this revenue focusing phase, to the period top and To we gross XX% maintain our in on is opportunities XXXX,
future. the priority top in the new growth commercializing our to innovation pipeline a addition, is support technology in In our
about are these and actions longer-term path are targets. today to able We ahead, achieve the we to taking excited be necessary the
quarter, recent from to provide highlights some with beginning next several I'll design Slide wins. X. Turning the
a First, secure in in the with to ADAS Asia. OEM market, we leveraged strategic our applications and trusted win a reputation expertise
will that for enables extend the win system the multimillion utilized quarter expected Our unit years. materials cruise X in design with and associated a of advanced X over autonomous front-facing be level began Production sales next circuit and radar control dollar driving. are this above adaptive to this
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renewable conversion. the selected in help in utilized solar be Our inverters were to solutions energy market to energy also maximize
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progress We expertise. are capabilities from continued our applications our encouraged by innovation leveraging securing resulting wins new design and in
in million our in disrupted QX in where sales ADAS, results COVID-related to to ADAS energy increased the by XXXX, operations. China Sales by Turning renewable customers' financials. continue and markets. general market led X% to restrictions $XXX improve following industrial improved challenges
over systems the the and by by driven growth high continue increasing rate autonomy. several penetration the see vehicle and of potential increased next levels years, of We are the improvement to encouraged ADAS
potential general industrial installations demand continue rapidly. to in first conversion In strong power after with declining also power quarter. grow market, the in increased market energy market on fourth renewable solar Sales the in the based interconnect new power strong solutions. as wind This improved QX sales rapidly quarter and for and our the has long-term
on uncertain industrial macroeconomic are We the encouraged improvement, we the general for remain cautious by although sales given environment. the outlook
across Our industrial but by many landscape. diversified cases, some be impacted economic general the in markets, can are revenues overall
we disruptions Sales QX. saw in to resolved The our further the portable fourth in by the that in quarter. electronics customers' the market operations quarter were declined first
weak. demand end remained However, consumer
the disruptions in lockdowns to sales seasonal will of XXXX. that China patterns the repeat portable year that on consumer impacted in buying XXXX COVID We the second and and not based half electronics in assumption in the improve expect supply
Sales fact first lines and due in schedules across The quarter. market EV lower overall outlook some QX power timing output maximizing was production pushed of strong and ramp that the the the The sales decline to and both to on EV of robust, the in have were customers' our very remains meet out. for we our interconnect to demand. plant market work continue several product the ROLINX
XX from the made the improvement reaching points end prior QX margin. step This We in of and of drive we above XX.X%, profitability actions. a quarter to gross as Turning progress continue approximately our guidance high to forward range. an our increase basis is
in stated, our Ram we've second results gross first XX% in quarter the will we improvement detail. in As of the with quarter, targeting half cover margin the year. are more further second
were uncertainty In step be in macroeconomic dynamic. of first quarter in some first environment our and summary, continues a our direction. the to There results good is markets the right very
levels However, things back we the to are historic profitability. are progress executing and aggressively we making control on getting of can
compelling Please turn I our reiterate Day. introduced Slide our Investor I'll to X. which investment at thesis, Next,
So Rogers? why
growth. on focused we First, are
As high-growth and highlighted segments. in the we other to market secular EV earlier, strong have trends exposure
to we opportunities. cash base business, fund have faster-growing a solid addition, with core our which In flows generates strong
of we history have innovation leadership. Second, a
record materials proven our track a We solutions. developing of and unique commercializing have
of leveraged electronics, challenges experience energy, have advanced in radar, communications We RF power to electric elastomerics smartphones. renewable decades advanced solve and in XG defense materials vehicles, today's automotive and
advantage. strong engagement a repeatable that customer we competitive a model Third, provides have
an Over level and unmet applications then leverage them to engineer-to-engineer complex provide OEMs the solutions years decades, solve challenges to key with have the and understand expertise unique trusted built our to capabilities trying they overcome. are at relationships we with innovation to their needs. and engaged deep We
we shareholders. of the value-generating targets strategy, we're execute that margins $X.X gross we Lastly, introduced $X.X significant XX% and billion in sales Based XXXX in March, the $X.XX share. a to $X.XX all provide per XX%, on adjusted of opportunity we to to will believe on range earnings our anticipating of billion, for as this our
these goals on a our to and outlined remain have we achieve strategy. path We executing compelling focused
discuss With I to our turn financial over in that, Ram to detail. QX will it performance