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Rogers Corporation (ROG) delivers engineered materials and advanced electronics solutions powering global industries from clean energy to automotive systems. This news hub provides investors and professionals with authoritative updates on corporate developments shaping the industrial technology sector.
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Rogers Corporation (NYSE: ROG) reported financial results for Q4 and full-year 2021, showcasing record revenue driven by EV/HEV market growth. Q4 net sales were $230.5 million, a 3.3% decrease from Q3, impacted by supply chain challenges. The company's gross margin for Q4 was 33.9%, down from 38.5% in Q3. Full-year net sales reached $932.9 million, up 16.2% from 2020. The company is navigating ongoing supply issues and costs related to its acquisition by DuPont, approved by shareholders. Ending cash stood at $232.3 million, while free cash flow was $(9.5) million for Q4.
DuPont (NYSE: DD) reported a strong financial performance for Q4 and full year 2021, achieving net sales of $4.3 billion, a 14% increase year-over-year, and $16.7 billion for the year, up 16%. The company benefited from strategic pricing actions and strong demand in sectors like electronics and water. GAAP EPS for Q4 was $0.47, down from $0.60, primarily due to higher expenses. DuPont announced a new $1 billion share buyback and a 10% increase in its quarterly dividend to $0.33 per share. The outlook for 2022 anticipates continued growth in sales and earnings despite raw material cost pressures.
Rogers Corporation (NYSE: ROG) reported Q3 2021 financial results, showing net sales of $238.3 million, a 1.4% increase from Q2 2021, driven by a 9.6% increase in its Elastomeric Material Solutions segment. Despite challenges due to chip shortages affecting the Advanced Electronics Solutions segment, the company maintained a gross margin of 38.5%. Additionally, Rogers announced a definitive merger agreement with DuPont at a price of $277 per share, expected to close in Q2 2022. The company will not hold a conference call or provide Q4 guidance.
Rogers Corporation (NYSE: ROG) has announced a definitive merger agreement with DuPont (NYSE: DD) in an all-cash transaction valued at approximately
DuPont reported third quarter 2021 financials, achieving net sales of $4.3 billion, an 18% increase year-over-year. The results reflect a strong demand across various sectors, leading to significant organic sales growth of 16%. GAAP EPS was $0.80, a substantial rise from $0.11 in the previous year. The company also announced a definitive agreement to acquire Rogers Corporation (ROG) and is exploring divestiture options for part of its Mobility & Materials segment. Adjusted free cash flow conversion reached 112%.
DuPont (NYSE: DD) has announced a definitive agreement to acquire Rogers Corporation (NYSE: ROG) for $5.2 billion. Rogers, known for its advanced engineered materials, is expected to enhance DuPont's growth in electronic solutions. The acquisition is anticipated to close by Q2 2022, pending regulatory and shareholder approvals. Simultaneously, DuPont plans to divest a significant part of its Mobility & Materials segment, representing approximately $4.2 billion in revenue. This strategic shift aims to focus on high-growth sectors such as electronics, water, and industrial technologies.
Rogers Corporation (NYSE:ROG) is set to announce its third quarter 2021 financial results on November 4, after market close. A conference call will follow at 5:00 pm ET, featuring CEO Bruce Hoechner, CFO Ram Mayampurath, and CTO Bob Daigle. Investors can access a live webcast and presentation on the company's official website. Rogers specializes in engineered materials for various applications, including electric vehicles, automotive safety, and renewable energy, with operations in the US, Asia, and Europe.
Rogers Corporation (NYSE:ROG) has acquired Silicone Engineering Ltd., a leading silicone material solutions manufacturer based in Lancashire, UK. This strategic acquisition enhances Rogers’ advanced silicones platform and provides a European Center of Excellence for premium silicone solutions targeting the EV/HEV, Industrial, and Medical markets. The transaction closed on October 8, 2021, and is expected to be accretive to 2022 earnings per share. Silicone Engineering reported trailing revenues of approximately £30 million, aligning closely with Rogers' business goals.
Rogers Corporation (NYSE:ROG) reported Q2 2021 net sales of $234.9 million, a 2.5% increase from Q1 2021, driven by growth in EV/HEV and clean energy markets. However, global supply chain issues led to lower margins, with gross margin at 38.2%, down from 39.0% in Q1. Adjusted diluted earnings per share fell to $1.72 from $1.92. The company anticipates Q3 2021 net sales between $235 to $245 million and gross margin between 38.5% to 39.5%. Rogers continues to invest significantly in capacity to harness growth opportunities in strategic markets.
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