Rogers Corporation Reports 2024 Financial Results

Rogers Corp. ( (ROG) ) has released its Q4 earnings. Here is a breakdown of the information Rogers Corp. presented to its investors.

Rogers Corporation, a leader in engineered materials, operates in the advanced electronics and elastomeric material solutions sectors, providing innovative products for various industries including automotive, mobile devices, and renewable energy, with a global manufacturing and sales presence.

Rogers Corporation reported its financial results for the fourth quarter and full year of 2024, noting that its performance aligned with expectations despite facing market challenges. The company experienced a decline in sales due to seasonal factors and industry-specific downturns but maintained strong cash flow and focused on strategic priorities.

Key financial metrics indicate a decrease in net sales to $192.2 million for Q4 2024, an 8.6% drop from the previous quarter. The company’s gross margin also fell to 32.1% from 35.2%, while the operating margin turned negative due to restructuring charges. Despite these challenges, Rogers managed to generate positive cash flow and increased its cash position by $13.4 million compared to Q3 2024.

Strategically, Rogers is committed to securing new design wins and improving its cost structure to navigate the uncertain recovery in the EV/HEV and industrial markets. The company plans to continue focusing on innovation and manufacturing priorities to position itself for success as market conditions improve.

Looking forward, Rogers Corporation remains cautiously optimistic, with plans to enhance its balance sheet and cost structure while anticipating a gradual recovery in its key markets. The company projects Q1 2025 net sales between $180 to $195 million, with expectations for adjusted earnings per share ranging from $0.10 to $0.40.