Q2 2026 Rogers Corp Earnings Call Transcript
Key Points
- Rogers Corp (ROG) reported a 6.9% increase in sales year-over-year, reaching $216.8 million, which exceeded the midpoint of their guidance.
- Adjusted EBITDA increased to $38 million, representing 17.3% of sales, indicating improved profitability.
- The company expects a strong third quarter with sales projected to increase by 10% year-over-year, driven by growth across all end markets.
- Rogers Corp (ROG) is making significant progress with new products in their R&D pipeline, particularly in high-power AI and data center applications.
- The company has a strong balance sheet with cash and short-term investments exceeding $211 million, providing strategic flexibility.
- Adjusted EPS was below the midpoint of guidance due to supply chain headwinds and a one-time facility event.
- The company is experiencing ongoing raw material shortages and increased freight lead times, impacting operations.
- Aerospace and defense sales decreased slightly from last year due to variability in customer ordering patterns.
- The ramp-up of the new China factory resulted in a $1 million headwind in EBITDA compared to the prior year.
- Gross margin improvement is modest, with pressures from underutilization in the China factory and increased commodity costs.
Good afternoon. My name is Diego, and I will be your conference operator today. At this time, I would like to welcome everyone to the Rogers Corporation's second-quarter 2026 earnings conference call.
I will now turn the call over to your host, Mr. Steve Haymore, Senior Director of Investor Relations. Mr. Haymore, you may begin.
Good afternoon, and welcome to the Rogers Corporation second-quarter 2026 earnings conference call. The slides for today's call can be found in the Investors section of our website, along with the news release that was issued earlier today. Please turn to slide 2.
Before we begin, I'd 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 Rogers' operations and environment. These uncertainties include economic conditions, market demands,
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