Engineered materials firm Rogers Q2 sales beat estimates

Overview

• Rogers Corp Q2 net sales rise 6.5% sequentially, beating analyst expectations

• Adjusted EPS for Q2 misses analyst expectations, per LSEG data

• Co repurchased $28 mln of shares and announced AES cost-saving initiatives

Outlook

• Rogers expects Q3 2025 net sales of $200 mln to $215 mln

• Company anticipates Q3 2025 gross margin between 31.5% and 33.5%

• Rogers projects Q3 2025 adjusted EPS of $0.50 to $0.90

Result Drivers

• INCREMENTAL IMPROVEMENTS - Sequential sales increase driven by improvements across most end markets

• SEGMENT PERFORMANCE - AES sales rose 4.6% due to higher industrial, ADAS, and aerospace and defense sales, offset by lower wireless infrastructure sales

• CURRENCY IMPACT - Favorable currency exchange rates contributed $3.6 mln to total net sales increase

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the semiconductors peer group is "buy"

• Wall Street's median 12-month price target for Rogers Corp is $82.50, about 19.5% above its July 30 closing price of $66.40

• The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nBw4JrXyLa