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Rogers Corporation - ROG STOCK NEWS

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

Rogers Corporation (NYSE: ROG) is a global leader in engineered materials, focusing on enhancing reliability and performance in various industries. With more than 3,000 employees worldwide, Rogers Corporation manufactures its products across 7 countries. The company's primary business segments include Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), and Power Electronics Solutions (PES).

The Advanced Connectivity Solutions (ACS) segment produces high-performance circuit materials used in communications infrastructure, automotive, and consumer electronics markets. These materials are essential for enhancing internet connectivity and supporting the rapid growth of communication technologies.

The Elastomeric Material Solutions (EMS) segment offers products designed for cushioning, sealing, and impact protection. These solutions are widely used in the automotive, transportation, and construction industries. EMS products ensure safety and durability, making them indispensable in various applications.

In the Power Electronics Solutions (PES) segment, Rogers Corporation focuses on ceramic substrate materials that are crucial for power module applications. These materials help improve the efficiency and reliability of power electronics, which are vital in clean energy and other technology-driven sectors.

Rogers Corporation's commitment to mission-critical reliability, market-focused innovation, and delivering exceptional value to its customers has positioned it as a trusted partner to many of the world's leading industrial technology providers. The company continually strives to create products that power, protect, and connect our world, driving advancements in clean energy, internet connectivity, and safety.

Rogers Corporation generates significant revenue from key markets in the United States, China, and Germany, while maintaining a global presence that underscores its influence and reach in the industry.

Latest News:

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Rogers (NYSE: ROG) announced plans to streamline operations and improve margins by consolidating advanced circuit materials manufacturing. The company will cease operations at its Evergem, Belgium factory by mid-2025, shifting production to facilities in China and the U.S. This move is projected to enhance annual operating profit by $7 to $9 million. However, the process will incur charges ranging from $18 to $28 million, including employee severance and shutdown expenses. The restructuring aims to boost customer service, factory utilization, and cost efficiency.

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Rogers (NYSE: ROG) announced participation in two upcoming investor conferences. On June 17, 2024, Rogers will join the CL King Advanced Electronics Seminar with key executives hosting investor meetings and a fireside chat at 11:00 am EDT, available via live webcast and replay. On July 10, 2024, Rogers will attend the CJS Securities 24th Annual Summer Investor Conference in White Plains, NY, with key executives hosting meetings and a presentation, although no webcast will be available. Rogers specializes in advanced electronic and elastomeric materials for diverse applications including EV/HEV, automotive safety, radar systems, and renewable energy. Headquartered in Chandler, Arizona, Rogers operates globally with facilities in the US, Asia, and Europe.

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Rogers (NYSE: ROG) announced its participation in two upcoming investor conferences. The company will attend the B. Riley Securities 24th Annual Institutional Investor Conference in Beverly Hills, CA, on May 23, 2024, and the Stifel 2024 Cross Sector Insight Conference in Boston, MA, on June 5, 2024. At the B. Riley event, Rogers will engage in a fireside chat at 1:00 pm PDT, though no webcast will be available. At the Stifel conference, the presentation begins at 9:10 am EDT, with a live webcast and replay accessible on Rogers' investor relations website. The management team will also hold one-on-one and small group meetings with investors at both events. Rogers specializes in engineered materials for various applications including EV/HEV, automotive safety, renewable energy, and more. The company is headquartered in Chandler, Arizona, with manufacturing facilities in the US, Asia, and Europe.

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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.
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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.
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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.
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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.
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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.
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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.
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Rogers Corporation (ROG) to participate in fireside chat at UBS Global Technology Conference
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FAQ

What is the current stock price of Rogers Corporation (ROG)?

The current stock price of Rogers Corporation (ROG) is $106.08 as of December 2, 2024.

What is the market cap of Rogers Corporation (ROG)?

The market cap of Rogers Corporation (ROG) is approximately 2.0B.

What is Rogers Corporation known for?

Rogers Corporation is known for its engineered materials that enhance reliability and performance in clean energy, internet connectivity, and safety applications.

How many employees does Rogers Corporation have?

Rogers Corporation employs over 3,000 team members worldwide.

In how many countries does Rogers Corporation manufacture its products?

Rogers Corporation manufactures its products in 7 countries.

What are the main business segments of Rogers Corporation?

The main business segments of Rogers Corporation are Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), and Power Electronics Solutions (PES).

Which markets does Rogers Corporation's ACS segment serve?

The ACS segment serves communications infrastructure, automotive, and consumer electronics markets.

What products are offered by the EMS segment of Rogers Corporation?

The EMS segment offers products designed for cushioning, sealing, and impact protection.

What does the PES segment of Rogers Corporation focus on?

The PES segment focuses on ceramic substrate materials for power module applications.

Where does Rogers Corporation generate significant revenue?

Rogers Corporation generates significant revenue from the United States, China, and Germany.

What is the company's approach to innovation?

Rogers Corporation is committed to market-focused innovation, mission-critical reliability, and delivering exceptional value to its customers.

Who are Rogers Corporation's key partners?

Rogers Corporation partners with many of the world's leading industrial technology providers.

Rogers Corporation

NYSE:ROG

ROG Rankings

ROG Stock Data

1.98B
18.58M
0.45%
100.32%
2.96%
Electronic Components
Plastic Materials, Synth Resins & Nonvulcan Elastomers
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United States of America
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