Rogers Corp
ROG
ISIN US7751331015 / Valor 967121
Rogers Corp
UMushroom community rating:
About company
Rogers Corporation is a global leader in the development and manufacture of advanced materials and components that facilitate innovation and enhance reliability, efficiency, and performance across various specialty applications. The company's product portfolio is diverse, including the Elastomer Components Division, which produces NITROPHYL® Floats and ENDUR® Components, primarily out of its manufacturing headquarters in Suzhou. Additionally, Rogers offers Elastomeric Material Solutions tailored for a range of uses, from ultra-thin protective layers for sensitive electronics to robust gasketing solutions for the automotive industry. As a prominent supplier of advanced materials for the automotive sector, Rogers Corporation provides a broad spectrum of solutions designed to power, protect, and connect vehicles. With over 190 years of expertise in materials science and process engineering, the company prides itself on its commitment to delivering market-focused innovations and exceptional value, aiming to support the success of its customers worldwide. Rogers Corporation's approach is characterized by its dedication to mission-critical reliability, innovation tailored to market needs, and a passion for delivering outstanding value.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (07.08.2024):
Net Sales
Rogers Corp's net sales for the second quarter of 2024 were $214.2 million, a slight increase of 0.4% compared to the previous quarter. This growth was primarily driven by higher sales in the Elastomeric Material Solutions (EMS) business unit, which saw a 10.5% increase in net sales.
Gross Margin
The gross margin for Rogers Corp in Q2 2024 improved to 34.1%, up from 32.0% in the first quarter of 2024. This increase was attributed to a favorable product mix and reductions in manufacturing costs, reflecting the company's structural cost improvements.
Net Income
Rogers Corp reported a net income of $8.1 million for the second quarter of 2024, slightly up from $7.8 million in the previous quarter. The net income margin also saw a minor increase, rising to 3.8% from 3.7% in Q1 2024.
Adjusted Earnings
On an adjusted basis, Rogers Corp's earnings per diluted share were $0.69 in Q2 2024, compared to $0.58 in the first quarter of 2024. This improvement in adjusted earnings reflects the company's focus on executing its strategy to drive significant margin and profitability improvements.
Financial Outlook
For the third quarter of 2024, Rogers Corp expects net sales to be in the range of $215 to $225 million. The company also projects its gross margin to be between 34.0% and 35.0%, with adjusted earnings per diluted share anticipated to be between $0.75 and $0.95.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2440 M
Market cap (USD)
21,065
Daily traded volume (Shares)
105.37 / 103.42
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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