Rogers Corporation - ROG STOCK NEWS

Rogers Corporation (NYSE:ROG) reported Q2 2021 net sales of $234.9 million, a 2.5% increase from Q1 2021, driven by growth in EV/HEV and clean energy markets. However, global supply chain issues led to lower margins, with gross margin at 38.2%, down from 39.0% in Q1. Adjusted diluted earnings per share fell to $1.72 from $1.92. The company anticipates Q3 2021 net sales between $235 to $245 million and gross margin between 38.5% to 39.5%. Rogers continues to invest significantly in capacity to harness growth opportunities in strategic markets.

Rogers Corporation (NYSE:ROG) will announce its second quarter 2021 results on July 29, following market close, with a conference call at 5:00 pm ET. The call will include CEO Bruce Hoechner, CFO Ram Mayampurath, and CTO Bob Daigle. A live webcast and presentation will be available on the company's investors section of rogerscorp.com. Rogers Corporation specializes in engineered materials for various applications, including EVs, automotive safety systems, and renewable energy, operating globally with facilities in the US, Asia, and Europe.

Rogers Corporation (NYSE:ROG) will present at Stifel’s 2021 Virtual Cross Sector Insight Conference on June 8, 2021, at 11:20 am Eastern time. The presentation, led by President and CEO Bruce Hoechner and SVP and CFO Ram Mayampurath, will cover the company’s competitive position and growth strategies. Investors can access a live audio webcast on the Rogers Corporation website under the investor relations section. As a leader in engineered materials, Rogers supports various industries, including EV/HEV, automotive, and renewable energy.

Rogers Corporation (NYSE:ROG) has announced a settlement regarding its patent infringement litigation against KCC Corporation. The lawsuit, initiated via its German subsidiary, alleged that KCC infringed on certain patents related to direct bonded copper (DBC) substrate materials. The settlement resolves these actions, although specific financial terms were not disclosed. Importantly, neither party acknowledges any infringement or validity issues concerning the patents involved.

Fortify, a Boston-based 3D printing startup, has partnered with Rogers Corporation to manufacture low-loss dielectric materials for radio frequency (RF) devices. This collaboration combines Rogers' expertise in engineered materials with Fortify's advanced composite processing. The partnership aims to enhance manufacturing scalability of RF components, facilitating innovations in wireless communication systems, including 5G and satellite applications. Fortify’s new technology allows for high-throughput production of complex 3D parts with improved RF properties, marking a significant development in the field.

Rogers Corporation (NYSE:ROG) reported a strong Q1 2021, with net sales rising to $229.3 million, an 8.8% increase from Q4 2020. The growth was driven by demand in Advanced Mobility markets and industrial recovery. Gross margin improved to 39.0%, resulting in a diluted EPS of $1.66. However, the company anticipates supply chain disruptions will temper Q2 growth. Looking ahead, Rogers is expanding capacity to leverage growth opportunities in EV/HEV and other markets.

Rogers Corporation (NYSE: ROG) has appointed Ram Mayampurath as its new Senior Vice President, Chief Financial Officer, and Treasurer, effective May 1, 2021. Mayampurath replaces Michael Ludwig, who is retiring but will assist during the transition. Mayampurath has been with Rogers since 2014, holding senior leadership roles in financial operations and planning. His experience includes a decade-long career at Royal Phillips Electronics. President and CEO Bruce D. Hoechner expressed confidence in Mayampurath's capabilities to drive the company's growth and strategic goals.

Rogers Corporation (NYSE:ROG) will announce its first quarter 2021 results on April 29 after market close. A conference call will take place at 5:00 pm ET, featuring President and CEO Bruce Hoechner, along with SVP and CFO Mike Ludwig and SVP and CTO Bob Daigle. A live webcast and slide presentation will be available on the company's investor relations page. Rogers, with over 180 years of materials science experience, focuses on engineered materials for advanced connectivity and mobility applications, among other critical technologies.

Genentech, part of the Roche Group (SIX: RO, ROG; OTCQX: RHHBY), announced the discontinuation of dosing in the Phase III GENERATION HD1 study of tominersen for Huntington’s disease based on data reviewed by an Independent Data Monitoring Committee. While no new safety signals were identified, the study’s potential benefit/risk profile led to this decision. The open-label extension study (GEN-EXTEND) will also pause dosing for further analysis. Genentech aims to continue following participants for safety and outcomes, sharing insights within the HD community once full data is analyzed.