Engineered materials firm Rogers Q2 sales beat estimates

Rogers

31/07/2025 21:44

Overview

Rogers Corp Q2 net sales rise 6.5% sequentially, beating analyst expectations

Adjusted EPS for Q2 misses analyst expectations, per LSEG data

Co repurchased $28 mln of shares and announced AES cost-saving initiatives

Outlook

Rogers expects Q3 2025 net sales of $200 mln to $215 mln

Company anticipates Q3 2025 gross margin between 31.5% and 33.5%

Rogers projects Q3 2025 adjusted EPS of $0.50 to $0.90

Result Drivers

INCREMENTAL IMPROVEMENTS - Sequential sales increase driven by improvements across most end markets

SEGMENT PERFORMANCE - AES sales rose 4.6% due to higher industrial, ADAS, and aerospace and defense sales, offset by lower wireless infrastructure sales

CURRENCY IMPACT - Favorable currency exchange rates contributed $3.6 mln to total net sales increase

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Beat
$202.80 mln
$198.80 mln (2 Analysts)
Q2 Adjusted EPS
Miss
$0.34
$0.5 (2 Analysts)
Q2 Adjusted EBITDA
$23.90 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for Rogers Corp is $82.50, about 19.5% above its July 30 closing price of $66.40

The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nBw4JrXyLa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)