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Rogers Corp (ROG)
NYSE:ROG
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Rogers (ROG) AI Stock Analysis

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ROG

Rogers

(NYSE:ROG)

Rating:62Neutral
Price Target:
$80.00
▲(1.57% Upside)
Rogers Corporation's stock score is driven by a strong technical outlook and positive earnings call guidance, despite significant financial performance challenges and valuation concerns. The balance sheet remains a key strength, but profitability pressures weigh heavily on the overall score.

Rogers (ROG) vs. SPDR S&P 500 ETF (SPY)

Rogers Business Overview & Revenue Model

Company DescriptionRogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. It operates through Advanced Electronics Solutions (AES), Elastomeric Material Solutions (EMS), and Other segments. The AES segment offers circuit materials, ceramic substrate materials, busbars, and cooling solutions for applications in electric and hybrid electric vehicles (EV/HEV), wireless infrastructure, automotive, telematics and thermal solutions, aerospace and defense, mass transit, clean energy, connected devices, and wired infrastructure markets. This segment sells its products under the curamik, ROLINX, RO4000, RO3000, RT/duroid, CLTE Series, TMM, AD Series, DiClad, CuClad Series, Kappa, COOLSPAN, TC Series, 92ML, IsoClad, MAGTREX, XTremeSpeed RO1200, IM Series, 2929 Bondply, 3001 Bondply Film, and SpeedWave names. The EMS segment provides engineered material solutions, including polyurethane and silicone materials used in cushioning, gasketing, sealing, and vibration management applications; customized silicones used in flex heater and semiconductor thermal applications; and polytetrafluoroethylene and ultra-high molecular weight polyethylene materials used in wire and cable protection, electrical insulation, conduction and shielding, hose and belt protection, vibration management, cushioning, gasketing and sealing, and venting applications. This segment sells its products under the PORON, BISCO, DeWAL, ARLON, eSORBA, Griswold, XRD, Silicone Engineering, and R/bak names. The Other segment provides elastomer components; and elastomer floats for level sensing in fuel tanks, motors, and storage tanks for applications in the general industrial and automotive markets under the ENDUR and NITROPHYL names. Rogers Corporation was founded in 1832 and is headquartered in Chandler, Arizona.
How the Company Makes MoneyRogers generates revenue primarily through its wireless and cable segments. The wireless division accounts for a significant portion of the company's earnings, derived from subscription fees for mobile services, data plans, and device sales. The cable segment contributes through internet and TV service subscriptions, with additional revenue from value-added services such as home monitoring and security. In addition to these core services, the company earns revenue from its media operations, which include advertising sales from its television and radio channels, as well as content licensing. Strategic partnerships, such as collaborations with content creators and technology providers, enhance its product offerings and customer reach, further contributing to its financial performance.

Rogers Earnings Call Summary

Earnings Call Date:Jul 31, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Oct 23, 2025
Earnings Call Sentiment Neutral
The earnings call presented a balanced view with notable successes in sales growth across key markets and strategic cost-saving initiatives. However, these were countered by significant challenges such as a net loss due to impairment charges and market dynamics affecting the EV segment.
Q2-2025 Updates
Positive Updates
Sales Growth in Key Markets
Sales increased by 6.5% from the prior quarter, led by stronger industrial, portable electronics, A&D, and ADAS end markets. AES revenues increased by 4.6% and EMS revenues were 8.2% higher on a quarter-on-quarter basis.
Cost Savings and Efficiency Initiatives
The company announced restructuring actions projected to save in excess of $13 million annually, with additional initiatives totaling $32 million in annual run rate savings.
Strength in Aerospace and Defense
Aerospace and Defense sales increased in both AES and EMS operating segments, with strong demand from U.S. and European primes.
Strong Cash Position and Share Repurchases
Cash at the end of the second quarter was $157 million, with $28.1 million used for share repurchases.
Negative Updates
Net Loss and Impairment Charges
The company recorded a net loss of $73.6 million or $4 per share, inclusive of $4.3 million of restructuring costs and a non-cash impairment charge of $71.8 million related to goodwill and other intangible assets for the curamik business.
Challenges in the EV Market
Lower than forecasted demand for the curamik business due to rapidly shifting market dynamics and pricing pressure in the EV sector.
Underutilization at Curamik's European Operations
The curamik, Germany factory faced underutilization, impacting gross margin, necessitating restructuring actions.
Company Guidance
During the Rogers Corporation Second Quarter 2025 Earnings Conference Call, the company reported that their sales, gross margins, and adjusted EPS were within guidance ranges, with sales increasing by 6.5% from the previous quarter. The company expects a more modest revenue increase in the third quarter, but anticipates stronger increases in gross margin and adjusted EPS due to cost containment initiatives. The call highlighted a $13 million annual run rate savings from rebalancing capacity between Europe and China, amidst challenges in the curamik business due to shifts in the EV market. In Q2, AES revenues increased by 4.6%, while EMS revenues were up 8.2%. Adjusted EPS rose to $0.34 from $0.27 in Q1. Looking forward, Q3 revenues are projected to be between $200 million and $215 million, with a gross margin range of 31.5% to 33.5%, and adjusted EPS expected to be between $0.50 to $0.90.

Rogers Financial Statement Overview

Summary
Rogers is experiencing revenue and profitability challenges, with declining margins and negative net income in the TTM. The balance sheet is a notable strength due to low leverage and high equity ratios. Cash flow, although positive, is under pressure, affecting operational flexibility. Improvement in revenue and profitability is vital for sustaining growth.
Income Statement
45
Neutral
Rogers has faced declining revenue and profitability in recent years. The revenue has decreased by 14.8% from 2023 to TTM 2025, and gross profit margin fell to 32.3% in TTM from 33.7% in 2023. The company experienced negative EBIT and EBITDA margins in the TTM, indicating operational challenges. Net profit margin turned negative in the TTM, reflecting significant profitability pressures.
Balance Sheet
70
Positive
Rogers maintains a strong balance sheet with a low debt-to-equity ratio of 0.02 in the TTM, highlighting conservative leverage. The equity ratio is robust at 83.2%, indicating a solid capital structure. However, the return on equity dropped to negative 5.4% in the TTM, which is a concern for shareholders.
Cash Flow
60
Neutral
The company's free cash flow decreased significantly in the TTM, although it remains positive at $51.2 million. Operating cash flow to net income ratio is negative due to a negative net income, which could indicate cash flow challenges. However, the company maintains strong cash reserves.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue795.80M830.10M908.40M971.17M932.89M802.58M
Gross Profit256.80M277.10M307.10M321.01M349.14M291.82M
EBITDA-6.50M85.90M138.70M196.49M172.64M152.11M
Net Income-64.80M26.10M56.60M116.60M108.10M49.99M
Balance Sheet
Total Assets1.45B1.48B1.52B1.65B1.60B1.26B
Cash, Cash Equivalents and Short-Term Investments157.20M159.80M131.70M235.85M232.30M191.78M
Total Debt23.70M24.60M50.40M216.79M190.00M25.00M
Total Liabilities244.60M229.50M258.20M473.75M479.67M243.25M
Stockholders Equity1.21B1.25B1.26B1.17B1.12B1.02B
Cash Flow
Free Cash Flow51.20M71.00M74.40M12.67M53.24M124.67M
Operating Cash Flow101.50M127.10M131.40M129.46M124.36M165.06M
Investing Cash Flow-25.50M-45.60M-47.90M-113.12M-238.62M-40.38M
Financing Cash Flow-41.30M-50.10M-190.30M-10.10M159.06M-104.19M

Rogers Technical Analysis

Technical Analysis Sentiment
Positive
Last Price78.76
Price Trends
50DMA
71.99
Positive
100DMA
68.38
Positive
200DMA
78.92
Negative
Market Momentum
MACD
2.18
Positive
RSI
59.59
Neutral
STOCH
63.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ROG, the sentiment is Positive. The current price of 78.76 is above the 20-day moving average (MA) of 76.70, above the 50-day MA of 71.99, and below the 200-day MA of 78.92, indicating a neutral trend. The MACD of 2.18 indicates Positive momentum. The RSI at 59.59 is Neutral, neither overbought nor oversold. The STOCH value of 63.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ROG.

Rogers Risk Analysis

Rogers disclosed 23 risk factors in its most recent earnings report. Rogers reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Rogers Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
$4.64B51.885.89%14.24%424.78%
77
Outperform
$2.27B34.8011.44%2.46%572.04%
76
Outperform
$1.26B19.8211.96%0.38%1.16%19.81%
69
Neutral
$1.45B37.353.49%1.69%-5.95%-43.46%
62
Neutral
$1.44B72.21-5.25%-7.61%-212.91%
61
Neutral
$35.52B8.84-11.04%1.87%8.55%-8.14%
49
Neutral
$353.91M-0.38%0.99%8.33%99.75%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ROG
Rogers
79.73
-18.85
-19.12%
BHE
Benchmark Electronics
40.38
1.78
4.61%
CTS
CTS
42.35
-2.77
-6.14%
MLAB
Mesa Laboratories
64.75
-52.45
-44.75%
TTMI
TTM Technologies
46.07
28.91
168.47%
VICR
Vicor
51.80
16.69
47.54%

Rogers Corporate Events

Business Operations and StrategyFinancial Disclosures
Rogers Announces Cost-Reduction Initiatives for curamik® Unit
Neutral
Jul 31, 2025

On July 30, 2025, Rogers Corporation announced cost-reduction initiatives for its curamik® reporting unit in response to market conditions, aiming to save over $13 million annually. These actions, expected to incur expenses between $12 million and $20 million, will involve employee severance and equipment relocation costs, with most cash outflows occurring in 2026. In its second-quarter 2025 financial results, Rogers reported a net sales increase of 6.5% to $202.8 million, despite a net loss of $73.6 million due to impairment charges. The company anticipates further improvements in the third quarter with higher sales and cost reduction measures.

Executive/Board ChangesBusiness Operations and Strategy
Rogers Appoints Ali El-Haj as Interim CEO
Neutral
Jul 14, 2025

On July 12, 2025, Rogers Corporation announced the departure of its President and CEO, R. Colin Gouveia, who also resigned from the Board of Directors. Ali El-Haj was appointed as the interim President and CEO, bringing extensive global leadership experience in technical sectors. The transition aims to simplify Rogers’ operating model and enhance its strategic direction. The Board is conducting a search for a permanent CEO to lead the company into its next phase of growth and innovation. Mr. El-Haj’s appointment is seen as a strategic move to maintain operational discipline and drive innovation, ensuring long-term value for stakeholders.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Aug 19, 2025