ROG · Rogers Corporation

Rogers Corporation demonstrated consistent execution in the first quarter of 2026, with results meeting or exceeding the mid-point of guidance across all financial metrics. Net sales of $200.5 million increased 5.2% year-over-year, partially aided by a $7.9 million foreign currency benefit from the appreciation of the euro and Chinese yuan. By end market, industrial and electronics/communications sales increased, while automotive sales declined. Profitability improved significantly, with adjusted EBITDA margin expanding 580 basis points year-over-year to 16.0%, driven by higher sales, improved gross margins, and lower operating expenses. Adjusted EPS of $0.75 more than doubled compared to the prior year quarter. Interim President and CEO Ali El-Haj highlighted the progress of commercial and profitability improvement initiatives, noting momentum in key products addressing growing markets. The company issued stronger guidance for the second quarter, projecting net sales of $210 to $220 million and adjusted EPS of $0.90 to $1.10, signaling continued operational improvement. The balance sheet remains strong with $195.8 million in cash and cash equivalents, providing strategic flexibility.