Welcome to our dedicated page for Rogers Corporation news (Ticker: ROG), a resource for investors and traders seeking the latest updates and insights on Rogers Corporation stock.
Rogers Corporation (NYSE: ROG) is a global leader in engineered materials, focusing on enhancing reliability and performance in various industries. With more than 3,000 employees worldwide, Rogers Corporation manufactures its products across 7 countries. The company's primary business segments include Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), and Power Electronics Solutions (PES).
The Advanced Connectivity Solutions (ACS) segment produces high-performance circuit materials used in communications infrastructure, automotive, and consumer electronics markets. These materials are essential for enhancing internet connectivity and supporting the rapid growth of communication technologies.
The Elastomeric Material Solutions (EMS) segment offers products designed for cushioning, sealing, and impact protection. These solutions are widely used in the automotive, transportation, and construction industries. EMS products ensure safety and durability, making them indispensable in various applications.
In the Power Electronics Solutions (PES) segment, Rogers Corporation focuses on ceramic substrate materials that are crucial for power module applications. These materials help improve the efficiency and reliability of power electronics, which are vital in clean energy and other technology-driven sectors.
Rogers Corporation's commitment to mission-critical reliability, market-focused innovation, and delivering exceptional value to its customers has positioned it as a trusted partner to many of the world's leading industrial technology providers. The company continually strives to create products that power, protect, and connect our world, driving advancements in clean energy, internet connectivity, and safety.
Rogers Corporation generates significant revenue from key markets in the United States, China, and Germany, while maintaining a global presence that underscores its influence and reach in the industry.
Latest News:
- --- ---
- --- ---
- --- ---
- --- ---
- --- ---
- --- ---
Rogers Corporation (NYSE:ROG) has appointed Michael Webb as Senior Vice President and Chief Administrative Officer, overseeing Global Human Resources and Corporate Development. Previously, Webb served as Chief Human Resources Officer at Nutrien Ltd and led its Global Retail organization in 2021. He brings over 15 years of international financial services experience across multiple countries. Rogers' President and CEO, Colin Gouveia, expressed confidence in Webb's capabilities, citing his leadership in Human Resources and corporate strategy. Webb aims to enhance the company’s talent acquisition and retention efforts to support global growth initiatives. Rogers Corporation specializes in engineered materials for various industries, including renewable energy and advanced mobility.
Rogers Corporation (NYSE: ROG) is set to announce its first quarter results on April 27 after market close. A conference call will follow at 5:00 pm ET, featuring CEO Colin Gouveia and CFO Ram Mayampurath. Shareholders can access a live webcast of the event via the Investor Relations website, where a replay will also be available. Rogers Corporation is recognized for its engineered materials that support various industries, including electric vehicles, telecommunications, and renewable energy. The company operates globally with manufacturing facilities in the US, Asia, and Europe, providing innovative solutions for complex material challenges.
Rogers Corporation (NYSE:ROG) outlined a growth strategy during its 2023 Investor Day, aiming for a revenue CAGR of 7% to 10% and an adjusted EBITDA margin of 24% to 26% by 2025. The company targets revenue of
Rogers Corporation (NYSE:ROG) has appointed Jessica Morton as Vice President, General Counsel, and Corporate Secretary. Jessica brings extensive legal expertise from her previous roles at FMC Corporation and The Dow Chemical Company, where she handled M&A, corporate governance, and regulatory compliance. In her new position, she is expected to enhance Rogers' legal affairs and governance while promoting business ethics and compliance. The company’s leadership expressed confidence that her background will contribute to strategic goals and success at this crucial time in Rogers' development.
Rogers Corporation (NYSE:ROG) announced the nomination of Dr. Larry Berger to stand for election as an independent Director at the upcoming 2023 Annual Meeting of Shareholders, scheduled for May 4, 2023. Dr. Berger, currently the Chief Technical Officer at Ecolab Inc., brings extensive experience in technology and business development. The announcement also revealed that incumbent Directors Carol Jensen, Keith Larson, and Helene Simonet will not seek re-election. This move reflects the Company’s commitment to Board refreshment, with a new Board composition consisting of nine members, eight of which will be independent.
Rogers Corporation (NYSE:ROG) will host an Investor and Analyst Day on March 30 at the New York Stock Exchange in New York City. The event starts at 9:00 am (ET) and concludes at 12:00 pm (ET), led by CEO Colin Gouveia alongside senior leadership. Key topics include the company's strategic vision, growth, profitability objectives, and multi-year financial targets. Attendance is by invitation only, but a live broadcast and replay will be available at rogerscorp.com/investors.
Rogers Corporation (NYSE:ROG) has released its financial results for Q4 and FY 2022, revealing a decrease in net sales by 9.5% in Q4 to $223.7 million, influenced by COVID-related disruptions in China and weaker demand in key markets. Despite the challenges, net income surged to $67.3 million, aided by a $142.1 million regulatory termination fee. The company executed significant profitability improvement plans, including a 7% workforce reduction and divesting a low-margin product line. Total sales for 2022 reached $971.2 million, a 4.1% increase from 2021, driven by growth in the electric vehicle sector, although gross margin decreased from 37.4% in 2021 to 33.1%.
Rogers Corporation (NYSE: ROG) has appointed two independent directors, Anne K. Roby and Armand F. Lauzon, Jr., to its Board following an agreement with Starboard Value LP, which owns approximately 6.5% of the company's stock. This move aims to strengthen board composition in line with shareholder interests. Peter Wallace, Chair of the Board, expressed confidence that these additions will enhance Rogers' strategic execution and growth. The new board will consist of nine members, with eight being independent. The adjustments follow constructive discussions with Starboard, which will withdraw its previous director nominations as part of the agreement.
FAQ
What is the current stock price of Rogers Corporation (ROG)?
What is the market cap of Rogers Corporation (ROG)?
What is Rogers Corporation known for?
How many employees does Rogers Corporation have?
In how many countries does Rogers Corporation manufacture its products?
What are the main business segments of Rogers Corporation?
Which markets does Rogers Corporation's ACS segment serve?
What products are offered by the EMS segment of Rogers Corporation?
What does the PES segment of Rogers Corporation focus on?
Where does Rogers Corporation generate significant revenue?
What is the company's approach to innovation?
Who are Rogers Corporation's key partners?
