Rogers Stock Earnings Reports

Rogers Corporation reported Q3 2025 results above guidance and Street expectations with sequential sales growth of 6.5% and year‑over‑year growth of 2.7%. Key drivers were portable electronics, industrial, aerospace & defense and improvements in EMS and AES. Adjusted EBITDA was $37.2 million (17.2% of sales), benefiting from higher volumes, better mix, manufacturing cost reductions and executed expense cuts. Cash increased to $168 million; Q3 share repurchases were $10 million with ~$66 million remaining under the buyback program. Management has started production at the new curamik facility in China, expects an ~80 bps gross margin headwind from the ramp in Q4 but anticipates the plant to drive regional competitiveness and future growth. A previously announced restructuring of curamik operations in Germany is in progress and targeted to deliver $13 million of annualized COGS savings by late 2026. For Q4 2025 management guides revenue of $190–$205 million (seasonal sequential decline expected), gross margin 30–32%, adjusted EBITDA margin 13.5–16.5% (roughly 300 bps improvement vs. prior year midpoint) and adjusted EPS $0.40–$0.80. Management emphasized a customer‑centric operating model, new product introductions across business units, continued operational excellence to reduce lead times and inventories, and disciplined capital allocation (share repurchases opportunistic while evaluating M&A and organic investments).