Rogers Reports Q3 2025 Results

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Rogers Corporation announced financial results for the third quarter of 2025.

"Third quarter results were at the upper end of guidance due to improved end-market demand and good execution on cost improvement initiatives,” stated Ali El-Haj, Rogers' Interim President and CEO. "Compared to the prior quarter sales, gross margin, earnings, adjusted EBITDA and free cash flow all showed substantial improvement."

"Fourth quarter sales and earnings are expected to improve versus the prior year, with typical seasonal patterns leading to a sequential decline. We are executing on critical initiatives to improve growth, reduce manufacturing and operating costs and drive meaningfully improved results for shareholders."

Q3 2025 Summary of Results

Net sales of $216.0 million increased 6.5% versus the prior quarter. Advanced Electronics Solutions (AES) net sales increased by 5.2% primarily related to higher EV/HEV, wireless infrastructure and industrial sales, partially offset by lower ADAS sales. Elastomeric Material Solutions (EMS) net sales increased by 8.7% primarily from stronger portable electronics, aerospace and defense (A&D) and industrial sales, partially offset by lower EV/HEV sales. Currency exchange rates favorably affected total Company net sales in the third quarter of 2025 by $3.0 million compared to the prior quarter.

GAAP earnings per diluted share were $0.48 compared to losses per diluted share of $(4.00) in the previous quarter. The improved earnings resulted from higher sales and gross margin, lower selling general and administrative expenses and a reduction in restructuring and impairment charges. On an adjusted basis, earnings were $0.90 per diluted share compared to earnings of $0.34 per diluted share in the prior quarter.

Ending cash and cash equivalents were $167.8 million, an increase of $10.6 million versus the prior quarter. Net cash provided by operating activities in the third quarter was $28.9 million and capital expenditures were $7.7 million. Share repurchases totaled $10.0 million in the third quarter.