Rogers Q1 sales jumps, adjusted EPS more than doubles on strong demand from industrial, communication markets

Rogers

28/04/2026 21:18

Overview

U.S. engineered materials maker's Q1 sales rose 5% yr/yr, led by industrial and electronics gains

Adjusted EPS for Q1 more than doubled from prior year on higher sales and margins

Adjusted EBITDA for Q1 rose to $32 mln from $19.5 mln a year ago

Outlook

Rogers sees Q2 net sales between $210 mln and $220 mln

Company expects Q2 adjusted EPS of $0.90 to $1.10

Rogers forecasts 2026 capital expenditures of $30 mln to $40 mln

Result Drivers

SALES MIX - Higher sales in industrial and electronics and communications markets drove revenue growth, while automotive sales declined

GROSS MARGIN IMPROVEMENT - Improved gross margin contributed to higher adjusted earnings, per company

LOWER OPERATING EXPENSES - Reduced operating expenses supported profitability gains

Company press release: ID:nBw3j2K5sa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Meet
$200.50 mln
$200.50 mln (2 Analysts)
Q1 Adjusted EPS
Beat
$0.75
$0.68 (2 Analysts)
Q1 Adjusted EBITDA
$32 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "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 $120.00, about 9.4% below its April 27 closing price of $132.50

The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 29 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)