Rogers Corporation (ROG)

Rogers reported third-quarter 2026 net sales of $236.1 million on 27 October, up 9.3 percent from a year earlier 2.

Net income was $22.6 million, against $8.6 million in the same quarter of 2025 2.

The quarterly report says $17.7 million of the $20.1 million rise in sales came from higher demand and better pricing, with the rest from currency 1.

Chief executive Ali El-Haj, named to the permanent post on 19 May 2026, said improved execution and closer customer engagement are turning into stronger results 42.

The company expects fourth-quarter 2026 net sales of $215 million to $225 million 2.

Rogers makes engineered materials: circuit materials, ceramic substrates and rubber-like foams and silicones that other makers build into cars, phones, radar and wind and solar equipment 3.

In 2025 net sales fell 2.3 percent to $810.8 million, mainly on lower wireless infrastructure and electric and hybrid vehicle sales 3.

Vehicle customers were managing inventory, and a wireless program for a key customer had been launched and completed in 2024 3.

Gross margin, the share of sales left after production costs, fell to 31.7 percent from 33.4 percent on lower volumes and weaker yields 3.

The year ended in an operating loss of 5.6 percent of net sales, after $71.8 million of impairment charges on its curamik business and $23.4 million of restructuring charges 3.

In June 2024 the company announced it would consolidate its high frequency circuit material manufacturing, which affected its Evergem, Belgium plant, and the move was substantially completed in the second half of 2025 3.

In November 2024 it ended two joint ventures with INOAC, selling its half of RIC and buying INOAC's half of RIS 3.

Ali El-Haj became interim chief executive on 12 July 2025 before the board made him permanent 4.

In the first nine months of 2026 net sales rose 7.2 percent to $653.4 million, and gross margin was 33.0 percent against 31.7 percent a year earlier 1.

The company credits cost savings from the Belgium and Germany footprint consolidation for part of the gain 1.

Advanced Electronics Solutions

Advanced Electronics Solutions (AES) makes circuit materials, ceramic substrates, busbars and cooling parts for electric vehicles, driver-assist systems, defense radar, wind and solar power and wireless networks 3.

AES net sales rose 13.5 percent to $130.2 million in the third quarter of 2026 1.

Its gross margin slipped to 31.0 percent from 31.5 percent on lower absorption from shifting production between regions and higher raw material costs 1.

Elastomeric Material Solutions

Elastomeric Material Solutions (EMS) makes polyurethane and silicone materials for cushioning, gaskets, seals and vibration control, sold under names such as PORON and BISCO 3.

EMS net sales rose 4.3 percent to $101.4 million in the third quarter of 2026, and its gross margin reached 38.4 percent from 35.7 percent 1.

Other products

A small Other segment sells elastomer components under the ENDUR name and floats for fuel-tank level sensing under the NITROPHYL name 3.

Plants, people and rivals

At the end of 2025 Rogers employed about 3,000 people: about 1,100 in North America, 900 in Europe, the Middle East and Africa, and 1,000 in Asia Pacific 3.

Its largest site is an owned campus in Suzhou, China, of 682,000 square feet, and it has plants in the United States, Germany, Belgium, England, Hungary and South Korea 3.

It sold to about 2,800 customers in 2025, and none was more than 10 percent of net sales 3.

It competes with makers of high-end materials, some of them large multinationals, and with smaller regional producers, especially in Asia, that compete on price 3.

Problems

Rogers is a defendant in lawsuits from people alleging injury from products containing encapsulated asbestos, which it stopped making in the late 1980s 1.

The umbrella, in words

Rogers sells under trade names such as curamik, ROLINX and RO4000 in AES, and PORON, BISCO and DeWAL in EMS 3.

Since November 2024 it owns all of RIS after buying INOAC's half, and it sold its half of RIC to INOAC 3.

The company expects fourth-quarter 2026 gross margin of 32.5 percent to 33.5 percent and adjusted earnings per share of $0.90 to $1.10 2.

It also expects adjusted EBITDA, a profit measure outside standard accounting rules, of $37 million to $43 million and 2026 capital spending of $30 million to $35 million 2.

The chief executive said the company expects further year-over-year improvement in the fourth quarter 2.

The annual report says growth strategy rests on four principles: a market-driven organization, innovation leadership, operational excellence and synergistic mergers and acquisitions 3.

The company says it will keep reviewing and re-aligning its manufacturing and engineering footprint 3.

No clue on file points to a new direction yet.