Q1 2026 Rogers Corp Earnings Call Transcript
Key Points
- Rogers Corp (ROG) delivered solid Q1 results with all financial metrics meeting or exceeding the midpoint of guidance for the third consecutive quarter.
- Q1 sales increased by 5% year over year, driven by foreign currency benefits and higher industrial demand in the US.
- Adjusted EPS more than doubled to $0.75 per share, and adjusted EBITDA margins expanded by 580 basis points to 16%.
- The company secured important design wins in the Automotive and Electronics segments, which are expected to translate into robust sales growth in the coming quarters.
- Rogers Corp (ROG) is making progress on its 2026 profitability improvement initiatives, with measurable improvements in cost structure and operating performance.
- Adverse weather conditions and supplier disruptions impacted operations at some US plants, preventing Q1 sales from reaching the high end of guidance.
- Automotive sales declined year over year at a high-single-digit rate due to lower global light vehicle production and weakness in the US EV market.
- Cash provided by operations decreased significantly from $46.9 million in Q4 2025 to $5.8 million in Q1 2026.
- The data center opportunity is not expected to generate significant revenue in 2026, with most revenue being prototype or sampling in nature.
- Restructuring costs related to the ceramic actions in Germany are ongoing, with $4.4 million recognized in Q1 and additional costs expected in Q2 and Q3.
Good afternoon. My name is Kevin, and Iâll be your conference operator today. At this time, Iâd like to welcome everyone to the Rogers Corporation first-quarter 2026 earnings conference call.
I would now turn the call over to your host, Mr. Steve Haymore, Senior Director, Investor Relations. Mr. Haymore, you may begin.
Good afternoon, and welcome to the Rogers Corporation first-quarter 2026 earnings conference call. The slides for todayâs call can be found in the Investor Section of our website, along with the news release that was issued earlier today.
Please turn to slide 2. Before we begin, I would like to note that statements in this conference call that are not strictly historical are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and should be considered as subject to the many uncertainties that exist in Rogersâ operations and environment. These uncertainties include economic conditions, market demands, and
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