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Rogers Corporation announced financial results for the third quarter of 2026.
"Third quarter results demonstrate the continued strengthening of Rogers’ financial performance, with year-over-year growth in sales, adjusted EBITDA and adjusted earnings per share,” stated Ali El-Haj, Rogers’ President and CEO. “Improved execution, closer customer engagement and a more efficient operating structure continue to translate into stronger results.”
"For the fourth quarter we expect further year-over-year improvement in our financial performance, as we build on our progress in commercial execution and operational effectiveness. Our growth strategy is centered on leveraging Rogers' proven capabilities and deep customer relationships to drive growth in core markets and high-potential adjacent opportunities. With a disciplined focus on execution and a healthy balance sheet, we are well positioned to translate our growth opportunities into stronger earnings and shareholder returns."
Q3 2026 Summary of Results
Net sales of $236.1 million increased 9.3%, or $20.1 million, versus the third quarter of 2025. The higher sales were concentrated primarily in the electronics and communications and automotive end markets. Currency exchange rates favorably affected net sales in the third quarter of 2026 by $2.4 million compared to the prior year.
GAAP earnings per diluted share were $1.26 compared to $0.48 in Q3 2025. On an adjusted basis, earnings were $1.39 per diluted share compared to earnings of $0.90 per diluted share in the third quarter of 2025. The increase in adjusted earnings resulted primarily from stronger sales and improved margins.
Third quarter ending cash and cash equivalents were $206.1 million and short-term investments were $30.3 million. These balances together increased by $25.0 million compared to the prior quarter. Net cash provided by operating activities was $41.4 million and capital expenditures were $6.0 million. Share repurchases totaled $9.3 million.
