Rogers Corporation Restructures Global Production Operations
Company Announcements

Rogers Corporation Restructures Global Production Operations

Rogers (ROG) has issued an announcement.

Rogers Corporation plans to discontinue its advanced circuit materials manufacturing at its Belgium facility to streamline global production costs, shifting operations to China and the US by mid-2025. This move, pending works council consultations, may lead to expenses ranging from $18 to $28 million, primarily from severance and other shutdown costs. As the situation develops, the company will provide updates on the financial impacts of this strategic decision.

For a thorough assessment of ROG stock, go to TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskRogers Corporation Q3 2024 Earnings Beat Expectations
TheFlyRogers Corporation reports Q3 adjusted EPS 98c, two estimates 85c
TheFlyRogers Corporation sees Q4 adjusted EPS 30c-60c, two estimates 83c
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App