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Rogers Corp. - ROG STOCK NEWS

Welcome to our dedicated news page for Rogers (Ticker: ROG), a resource for investors and traders seeking the latest updates and insights on Rogers.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Rogers's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Rogers's position in the market.

Rhea-AI Summary
Rogers (ROG) reported strong Q1 2024 results with sales and EPS exceeding expectations. The Aerospace and defense sectors performed well, while the general industrial market outlook improved. The company aims for further sales growth and profitability enhancements. Net sales reached $213.4 million, with a 4.3% increase from the previous quarter. GAAP operating margin was 5.5%, whereas adjusted operating margin stood at 7.5%. Ending cash and cash equivalents were $116.9 million. The company projects Q2 2024 net sales of $210 to $220 million, gross margin of 32.5% to 33.5%, and earnings per diluted share of $0.34 to $0.54.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.49%
Tags
-
Rhea-AI Summary
Rogers (NYSE:ROG) is set to announce its first quarter 2024 results on April 25, 2024, after the market closes. The conference call will feature President and CEO Colin Gouveia and CFO Ram Mayampurath. Investors can access the live webcast and presentation on the company's Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.45%
Tags
-
Rhea-AI Summary
Rogers Corporation (NYSE: ROG) announces a new factory in Monterrey, Mexico for advanced busbar manufacturing to support the growing demand in North America for electric and hybrid-electric vehicles, renewable energy, mass transit, and industrial markets. The facility is expected to be completed by late 2024, enhancing Rogers' ability to provide high-quality power distribution solutions and technical collaboration to its global customers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
Tags
none
Rhea-AI Summary
Rogers Corporation (ROG) faces challenges in a tough economic environment but shows progress in cost improvements and new design wins. The company reported a decrease in net sales for Q4 2023 due to lower sales volumes in certain markets. Despite this, Rogers remains focused on executing its strategy and managing controllable factors. Financially, there was a decrease in gross margin and an increase in SG&A expenses, impacting operating margins. Adjusted operating margin and net income also saw declines. The company's full-year 2023 results reflected lower net sales but an improvement in gross margin. Rogers extended its financial targets beyond 2025 due to ongoing market challenges, particularly in the electric vehicle sector.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
Tags
-
Rhea-AI Summary
Rogers Corporation (ROG) is set to announce its Q4 and full year 2023 results on February 21, 2024, followed by a conference call hosted by the President and CEO, Colin Gouveia, and the CFO, Ram Mayampurath. The event will be live webcasted and a replay will be available on the Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.35%
Tags
-
Rhea-AI Summary
Rogers Corporation (NYSE: ROG) announced the appointment of Donna M. Costello as an independent member of the Company’s Board of Directors and the retirement of Ganesh Moorthy from the Board. The Board now consists of nine members, eight of whom are independent. Ms. Costello brings extensive executive-level financial expertise and nearly two decades of experience at global technology and specialty materials companies. The company expresses excitement about her contributions and insights to deliver long-term shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.04%
Tags
management
Rhea-AI Summary
Rogers Corporation (ROG) to participate in fireside chat at UBS Global Technology Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.22%
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conferences
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Rhea-AI Summary
Rogers Corporation announces financial results for Q3 2023, with increased gross margin to over 35% and stronger earnings and operating cash flow. Sales remain flat due to challenging economic conditions and customer inventory destocking. The company has made progress in improving margin and cost structure, securing design wins, and investing in fast-growing markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.45%
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Rhea-AI Summary
Rogers Corporation to announce Q3 results on October 26
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.89%
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Rhea-AI Summary
The Economist Impact report commissioned by Roche Diagnostics reveals that integrating digital health technologies into healthcare systems remains challenging, but all countries surveyed have some foundations in place. Data privacy concerns and stakeholder collaboration are key factors for the future of digital health technology.
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Rhea-AI Sentiment
End-of-Day
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Rogers Corp.

NYSE:ROG

ROG Rankings

ROG Stock Data

2.07B
18.44M
0.41%
97.61%
3.11%
Plastics Material and Resin Manufacturing
Manufacturing
Link
US
Chandler

About ROG

rogers corporation (nyse:rog) is a global leader in engineered materials to power, protect, and connect our world. we are trusted business partners to many of the world’s most innovative and successful industrial technology providers. we offer a broad range of solutions for improving the reliability and performance of clean energy, internet connectivity, safety and protection. we have over 3000 team members worldwide and manufacture our products in 7 countries. three things characterize us – leadership in mission-critical reliability, commitment to market-focused innovation, and our passion to deliver exceptional value that enables our customers’ success.