Welcome to our dedicated page for Roger news (Ticker: ROG), a resource for investors and traders seeking the latest updates and insights on Roger stock.
Rogers Corporation (NYSE: ROG) is a manufacturing company that focuses on engineered materials used in technology-intensive applications. Its news flow reflects developments in its Advanced Electronics Solutions (AES) and Elastomeric Material Solutions (EMS) segments, which serve markets such as EV/HEV, automotive safety and radar systems, mobile devices, renewable energy, wireless infrastructure, aerospace and defense, energy-efficient motor drives and industrial equipment.
On this page, readers can follow ROG news related to quarterly earnings results, segment performance, restructuring actions and governance changes. Recent press releases have covered first, second and third quarter results, highlighting trends in AES and EMS net sales, gross margin, adjusted earnings per diluted share and adjusted EBITDA, as well as the impact of restructuring and impairment charges. These updates also describe demand patterns across end markets like EV/HEV, ADAS, industrial, portable electronics and wireless infrastructure.
Rogers’ news also includes leadership and board updates, such as the appointment of an interim President and Chief Executive Officer, transitions in the Chair of the Board and plans to add a new independent director with input from an institutional investor. The company issues press releases when it schedules earnings calls, providing details on webcasts where management discusses financial performance, cost initiatives and strategic priorities.
Investors, analysts and other followers of ROG stock can use this news feed to track how Rogers’ engineered materials business is evolving, how its restructuring and cost-reduction programs are progressing and how governance and leadership changes may influence its direction. Bookmark this page to quickly access the latest Rogers Corporation earnings announcements, operational updates and corporate disclosures as they are released.
Genentech has announced the voluntary withdrawal of Tecentriq® (atezolizumab) from the U.S. market for prior-platinum treated metastatic urothelial carcinoma (mUC), following FDA consultation. This decision follows the failure of the IMvigor211 study to meet its primary overall survival endpoint. Genentech emphasizes that other approved indications for Tecentriq remain unaffected. The withdrawal reflects the evolving treatment landscape and aims to uphold the integrity of the FDA's Accelerated Approval Program.
Genentech announced FDA approval for Actemra® (tocilizumab) subcutaneous injection to slow pulmonary function decline in adults with systemic sclerosis-associated interstitial lung disease (SSc-ILD). This marks the first biologic therapy approved for this condition, impacting approximately 75,000 patients in the U.S. Key findings from the focuSSced Phase III trial indicated that Actemra reduced lung function decline compared to placebo, although the primary endpoint related to skin fibrosis was not met.
Common side effects included infections, aligning with Actemra's known safety profile.
Rogers Corporation (NYSE:ROG) has released its inaugural 2021 ESG Report, detailing its environmental, social, and governance strategies. President and CEO Bruce D. Hoechner emphasized the company's commitment to responsible corporate citizenship and sustainability, tracing roots back to the founder's initiatives on recycling. The report adheres to prominent sustainability frameworks and covers topics such as carbon footprint, diversity, and COVID-19 response. It showcases Rogers' contributions to electric vehicles, renewable energy, and medical applications, aiming for a cleaner and safer future.
Genentech, part of the Roche Group, announced publication of Evrysdi™ (risdiplam) data from the pivotal FIREFISH study. The study showed that 90% of infants with symptomatic Type 1 spinal muscular atrophy (SMA) survived without permanent ventilation after 12 months of treatment. Additionally, 33% of infants could sit independently for at least 5 seconds. The data highlights the drug's effectiveness in increasing survival of motor neuron (SMN) protein levels. Evrysdi, FDA-approved in August 2020, has promising implications for treating SMA in infants.
Rogers Corporation (NYSE:ROG) reported Q4 2020 net sales of $210.7 million, marking a 4% increase from Q3 and a 21% rise year-on-year. Gross margin improved to 38.3%, driven by operational efficiencies despite rising costs. For the full year, net sales totaled $802.6 million, a decline of 11% due to pandemic-related challenges. GAAP earnings per diluted share were $0.81 in Q4, up from $0.37 in Q3, while full-year earnings rose to $2.67. The company anticipates Q1 2021 net sales between $215-$225 million, amidst recovery from a facility fire in South Korea.
Rogers Corporation (NYSE: ROG) announced the retirement of CFO Michael M. Ludwig, who will remain until a successor is appointed. The company praised his leadership in enhancing profitability and cash flow. Rogers specializes in engineered materials across sectors like advanced mobility and connectivity, operating globally with multiple manufacturing facilities. The company highlights risks in forward-looking statements related to management retention and employee costs, indicating potential uncertainties ahead.
Genentech has announced positive results from four Phase III studies on its investigational bispecific antibody, faricimab, targeting diabetic macular edema (DME) and wet age-related macular degeneration (nAMD). Faricimab demonstrated non-inferior vision gains compared to aflibercept, with patients able to extend treatment intervals up to four months. Approximately 52.8% of DME patients and 45.7% of nAMD patients achieved four-month dosing in the first year. The studies showed no unexpected safety signals, indicating faricimab may improve treatment adherence and outcomes.
On February 9, 2021, a fire occurred at Rogers Corporation's (NYSE:ROG) UTIS manufacturing facility in Ansan, South Korea. The site was evacuated without injuries, but the facility suffered extensive damage. The fire's cause is under investigation. This site produces eSorba® polyurethane foams, crucial for portable electronics, and will see operational disruptions, though the duration is yet unknown. The UTIS business accounts for less than 4% of Rogers' annual sales and employs about 50 people.
Rogers Corporation (NYSE:ROG) is set to announce its fourth quarter and full year 2020 results on February 18, following market close. This will be accompanied by a conference call at 5:00 pm ET, featuring key executives including President and CEO Bruce Hoechner. Investors can access the live webcast and presentation on Rogers' investor website. The company, with over 180 years of materials science experience, specializes in engineered materials for advanced connectivity, mobility applications, and more, operating globally across multiple countries.
Genentech announced positive topline results from two Phase III studies, TENAYA and LUCERNE, for its bispecific antibody faricimab in treating neovascular age-related macular degeneration (nAMD). Both studies met their primary endpoint, demonstrating that faricimab injections at intervals up to 16 weeks achieved comparable visual acuity to aflibercept given every 8 weeks. Approximately 45% of participants receiving faricimab were treated every 16 weeks, marking a significant milestone in treatment durability. Faricimab was generally well tolerated with no new safety concerns.