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Rogers Corporation

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components in the United States, other Americas, China, other Asia Pacific countries, Germany, Europe, the Middle East, and Africa. It operates in two Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS) segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles, automotive, aerospace and defense, renewable energy, wireless infrastructure, mass transit, industrial, connected devices, and wired infrastructure markets. This segment sells its products under the curamik, ROLINX, RO4000 series, RO3000 series, RT/duroid, CLTE series, TMM, AD series, DiClad series, CuClad series, Kappa, COOLSPAN, TC series, IsoClad series, MAGTREX, IM series, 2929 Bondply, SpeedWave Prepreg, RO4400/RO4400T series, and Radix trade names. The EMS segment provides engineered material solutions, including polyurethane and silicone materials used in cushioning, gasketing, sealing, and vibration management applications; customized silicones used in flex heater and semiconductor thermal applications; and polytetrafluoroethylene and ultra-high molecular weight polyethylene materials used in wire and cable protection, electrical insulation, conduction and shielding, hose and belt protection, vibration management, cushioning, gasketing and sealing, and venting applications. This segment sells its products under the PORON, BISCO, DeWAL, ARLON, eSorba, XRD, Silicone Engineering, and R/bak trade names. The Other segment offers elastomer components under the ENDUR trade name for applications in the general industrial market, as well as elastomer floats under the NITROPHYL trade name for level sensing in fuel tanks, motors, and storage tanks applications in the general industrial and automotive markets. The company was founded in 1832 and is headquartered in Chandler, Arizona.

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ROG

Flex Beats Q2 Revenue Estimates by 5.4%

Flex reported second-quarter revenues of $7.93 billion, up 20.6% year on year and 5.4% above analysts' expectations, in what the company called an exceptional quarter. The electronic components and manufacturing sector as a whole beat consensus revenue estimates by 4% and guided next quarter's revenue 6% above expectations, though average share prices are down 8.3% since earnings. Flex also exceeded analysts' EPS guidance for next quarter, but its stock fell 5.8% after reporting and now trades at $106.73. Among peers, Amphenol posted the fastest revenue growth at 55% year on year and its stock rose 8.3%, while Rogers delivered the weakest performance against estimates with a significant EPS miss.
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Semiconductors

Rogers forecasts Q3 revenue of $233M-$243M with 19.7% adjusted EBITDA margin amid China ramp headwinds

Rogers Corporation guided third-quarter revenue to between $233 million and $243 million, with adjusted EBITDA of $44 million to $50 million and adjusted EPS of $1.10 to $1.30. The outlook includes growth across all four major end markets, with significant strength in aerospace and defense and general industrial, though underutilization during the ramp of its Ceramic China factory is expected to be an 85-basis-point headwind. Second-quarter sales were $216.8 million, adjusted EBITDA was $37.6 million, and adjusted EPS came in at $0.92, below the midpoint of guidance due to supply chain headwinds, a small plant fire, and higher operating expenses. CEO Ali El-Haj noted that freight lead times have stretched to over 12 weeks and raw material shortages persist, while the company continues to advance microchannel cooler technology for AI and data center applications and plans to host an Investor Day on September 30, 2026.
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ROG

B. Riley Raises Rogers Price Target to $200 on Growth Confidence

B. Riley raised its price target on Rogers Corporation to $200 from $165 while maintaining a Buy rating, citing strong operational execution and confidence in management's strategy to reaccelerate revenue growth following the company's annual investor conference. The firm noted Rogers has demonstrated meaningful progress in strengthening its business, increasing conviction that the company can deliver substantial earnings expansion through improved execution, innovation, and exposure to attractive end markets. Earlier, on May 19, Rogers appointed Ali El-Haj as President and CEO, with the board highlighting his success in improving operational execution and sharpening the organization's focus on innovation initiatives during his interim tenure.
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