Roger - ROG STOCK NEWS

Rogers (NYSE:ROG) reported Q2 2024 financial results with net sales of $214.2 million, a 0.4% increase from Q1. GAAP earnings per diluted share were $0.44, up from $0.42 in Q1. Adjusted earnings were $0.69 per diluted share, compared to $0.58 in Q1. The company saw stronger gross margin of 34.1%, up from 32.0% in Q1, driven by favorable product mix and manufacturing cost reductions.

EMS net sales increased by 10.5%, while AES net sales decreased by 5.4%. The company achieved record quarterly sales of EV battery solutions. For Q3 2024, Rogers projects net sales between $215-225 million and adjusted earnings per diluted share of $0.75-$0.95.

Roche (SIX: RO, ROG; OTCQX: RHHBY) will showcase its laboratory of the future exhibit at the 2024 Association for Diagnostics & Laboratory Medicine (ADLM) Scientific Meeting and Clinical Lab Expo in Chicago. The company will unveil next-generation core lab and molecular systems, including a total solution for clinical mass spectrometry. Attendees can experience how Roche's integrated systems and data solutions optimize resources and streamline operations.

Key innovations include the future cobas® Mass Spec solution, new CCM Vertical, cobas® liat system for rapid PCR testing, cobas® pure integrated solutions, cobas® eplex system, cobas® 5800, and cobas® LightCycler® PRO. Roche will also present its navify® digital solutions and host Roche Idea Lab sessions featuring industry experts discussing topics such as mass spectrometry, digital solutions, and respiratory testing.

Rogers (NYSE:ROG) has scheduled its second quarter 2024 earnings call for July 25, 2024, following the market close. The call will begin at 5:00 pm ET and will feature presentations by President and CEO Colin Gouveia and CFO Ram Mayampurath. A live webcast and a related slide presentation will be available on Rogers' Investor Relations website, with a replay accessible post-event. Rogers , based in Chandler, Arizona, is a global leader in engineered materials, providing solutions for EV/HEV, automotive safety, radar systems, mobile devices, renewable energy, and more. The company operates manufacturing facilities in the US, Asia, and Europe, and maintains sales offices worldwide.

Rogers (NYSE: ROG) has released its 2024 Environmental, Social, and Governance (ESG) Report. The report showcases Rogers' commitment to sustainability and corporate responsibility, highlighting achievements in reducing energy consumption, greenhouse gas (GHG) emissions, and water usage. Key targets include a 20% reduction in Scope 1 and Scope 2 GHG emissions by 2030. Additionally, the report details Rogers' efforts in employee safety, development, and ethical governance, aligning with recognized sustainability frameworks such as those by the Sustainability Accounting Standards Board. The full report is available on the company's website.

Rogers (NYSE: ROG) announced plans to streamline operations and improve margins by consolidating advanced circuit materials manufacturing. The company will cease operations at its Evergem, Belgium factory by mid-2025, shifting production to facilities in China and the U.S. This move is projected to enhance annual operating profit by $7 to $9 million. However, the process will incur charges ranging from $18 to $28 million, including employee severance and shutdown expenses. The restructuring aims to boost customer service, factory utilization, and cost efficiency.

Rogers (NYSE: ROG) announced participation in two upcoming investor conferences. On June 17, 2024, Rogers will join the CL King Advanced Electronics Seminar with key executives hosting investor meetings and a fireside chat at 11:00 am EDT, available via live webcast and replay. On July 10, 2024, Rogers will attend the CJS Securities 24th Annual Summer Investor Conference in White Plains, NY, with key executives hosting meetings and a presentation, although no webcast will be available. Rogers specializes in advanced electronic and elastomeric materials for diverse applications including EV/HEV, automotive safety, radar systems, and renewable energy. Headquartered in Chandler, Arizona, Rogers operates globally with facilities in the US, Asia, and Europe.

Rogers (NYSE: ROG) announced its participation in two upcoming investor conferences. The company will attend the B. Riley Securities 24th Annual Institutional Investor Conference in Beverly Hills, CA, on May 23, 2024, and the Stifel 2024 Cross Sector Insight Conference in Boston, MA, on June 5, 2024. At the B. Riley event, Rogers will engage in a fireside chat at 1:00 pm PDT, though no webcast will be available. At the Stifel conference, the presentation begins at 9:10 am EDT, with a live webcast and replay accessible on Rogers' investor relations website. The management team will also hold one-on-one and small group meetings with investors at both events. Rogers specializes in engineered materials for various applications including EV/HEV, automotive safety, renewable energy, and more. The company is headquartered in Chandler, Arizona, with manufacturing facilities in the US, Asia, and Europe.

Rogers (ROG) reported strong Q1 2024 results with sales and EPS exceeding expectations. The Aerospace and defense sectors performed well, while the general industrial market outlook improved. The company aims for further sales growth and profitability enhancements. Net sales reached $213.4 million, with a 4.3% increase from the previous quarter. GAAP operating margin was 5.5%, whereas adjusted operating margin stood at 7.5%. Ending cash and cash equivalents were $116.9 million. The company projects Q2 2024 net sales of $210 to $220 million, gross margin of 32.5% to 33.5%, and earnings per diluted share of $0.34 to $0.54.

Rogers (NYSE:ROG) is set to announce its first quarter 2024 results on April 25, 2024, after the market closes. The conference call will feature President and CEO Colin Gouveia and CFO Ram Mayampurath. Investors can access the live webcast and presentation on the company's Investor Relations website.