Rogers Corp
NYSE:ROG
Rogers Corp
Rogers Corporation, an engineering and technology powerhouse, has long established itself at the intersection of innovation and industry. Founded in 1832, the company had humble beginnings as a paper manufacturer in Connecticut. Over the years, its metamorphosis into a leader in advanced materials and components has been nothing short of remarkable. The core of its business is centered around producing high-performance specialty materials, which cater to a diverse array of sectors including telecommunications, automotive, and aerospace. By first identifying niche materials challenges, Rogers has strategically positioned itself as a critical supplier for industries demanding high reliability and technological innovation.
At the heart of Rogers Corp.’s value proposition lies its Advanced Connectivity Solutions and Elastomeric Material Solutions divisions. The former specializes in laminates and circuit materials, vital for the performance of wireless communications and advanced radar systems — effectively profiting from the global surge in connectivity and communication demands. The latter focuses on engineered materials that offer effective vibration management, such as those used in electric vehicles and energy-efficient buildings. By integrating deep material science expertise with robust manufacturing capabilities, Rogers Corp. sustains its revenue through a balanced mix of market expansion, product innovation, and meeting the rising demand for more efficient and sustainable technology solutions.
Rogers Corporation, an engineering and technology powerhouse, has long established itself at the intersection of innovation and industry. Founded in 1832, the company had humble beginnings as a paper manufacturer in Connecticut. Over the years, its metamorphosis into a leader in advanced materials and components has been nothing short of remarkable. The core of its business is centered around producing high-performance specialty materials, which cater to a diverse array of sectors including telecommunications, automotive, and aerospace. By first identifying niche materials challenges, Rogers has strategically positioned itself as a critical supplier for industries demanding high reliability and technological innovation.
At the heart of Rogers Corp.’s value proposition lies its Advanced Connectivity Solutions and Elastomeric Material Solutions divisions. The former specializes in laminates and circuit materials, vital for the performance of wireless communications and advanced radar systems — effectively profiting from the global surge in connectivity and communication demands. The latter focuses on engineered materials that offer effective vibration management, such as those used in electric vehicles and energy-efficient buildings. By integrating deep material science expertise with robust manufacturing capabilities, Rogers Corp. sustains its revenue through a balanced mix of market expansion, product innovation, and meeting the rising demand for more efficient and sustainable technology solutions.
Q4 Results: Rogers delivered Q4 2025 sales of $202 million, near the high end of guidance, with adjusted EPS of $0.89 and EBITDA margin of 17.1%, both exceeding the top end of guidance.
Profitability: Adjusted EBITDA margin improved by 500 basis points year-over-year, driven by higher sales, better product mix, and cost savings initiatives.
Cost Savings: The company realized $25 million in operating expense improvement in 2025, with another $20 million of annualized savings targeted by end of 2026, including $13 million expected from German restructuring.
Free Cash Flow & Capital Return: Rogers generated $71 million in free cash flow for the year, repurchased $52 million in shares, and ended Q4 with $197 million in net cash.
Outlook: Q1 2026 guidance calls for sales growth of 5% year-over-year and a 530 basis point increase in adjusted EBITDA margin versus Q1 2025, with sales expected between $193 million and $208 million.
Growth Initiatives: The company is prioritizing top line growth in 2026, focusing on new product introductions, design wins (notably in data centers), and disciplined capital allocation including potential M&A.
