Rogers Earnings Call Transcripts
Fiscal Year 2026
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The meeting covered director elections, auditor ratification, executive compensation, and approval of an employee stock purchase plan. All proposals passed, and a quorum was confirmed with a majority of shares present.
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Q1 2026 saw 5% sales growth and a 178% jump in adjusted EPS, with all metrics meeting or exceeding guidance. Strong industrial and electronics segments offset automotive softness, and Q2 is projected to deliver further sales and margin gains.
Fiscal Year 2025
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Q4 2025 saw 5% sales growth, margin expansion, and strong free cash flow, with industrial and ADAS segments leading gains. 2026 guidance points to continued sales and margin improvement, supported by cost savings, innovation, and new market opportunities.
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Q3 results exceeded guidance with strong sales and margin improvements, driven by growth in industrial, aerospace, and portable electronics. Cost reductions, new product launches, and the China ceramic facility ramp support a positive outlook, though EV market recovery remains a watch point.
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Q2 sales and adjusted EPS were within guidance, with strong growth in industrial, A&D, and ADAS markets. Significant restructuring in the curamik business is underway to address EV market shifts, with $13M+ in projected annual savings and a continued focus on margin improvement.
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Q1 2025 results were slightly ahead of guidance, with $190.5M sales and 29.9% gross margin. Cost reductions and facility actions are expected to yield $25M in 2025 savings. Tariff risks persist, but mitigation plans and a strong balance sheet support a positive Q2 outlook.
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The company is executing a four-pillar strategy focused on high-growth markets, operational excellence, and targeted M&A. Inventory normalization and strong technology positions in EV/HEV, ceramics, and data centers support a positive outlook for the second half of the year.
Fiscal Year 2024
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Q4 and full-year 2024 results met expectations despite a 9% sales decline, driven by industrial and EV/HEV market weakness. Operational improvements supported margins and cash flow, while new product launches and design wins position the company for recovery in the second half of 2025.
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Q3 earnings beat guidance on strong margins and cost control, but revenue declined 2% sequentially due to weak EV/HEV and industrial demand. Q4 sales are expected to fall further, with management focused on capacity investments, design wins, and long-term growth, especially in ceramics and EV/HEV.
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Q2 results were in line with expectations, with gross margin and adjusted EPS improving sequentially due to cost actions and favorable mix. EMS segment saw record EV/HEV sales, while ceramic sales remained weak with no recovery expected in 2024. Guidance points to modest Q3 growth, led by portable electronics and EV/HEV.
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The session highlighted a focus on innovation, direct OEM engagement, and a balanced global footprint, with strong growth in EV, ADAS, and high-tech markets. Margin expansion, organic growth, and M&A are key priorities, supported by operational improvements and a robust technology pipeline.