Rogers sets October 27 for third-quarter results after market close
Key Facts
Rogers Corporation had not reported its third-quarter 2026 results as of October 23, contrary to an earlier report that earnings had topped analyst estimates. The company said it would report results after the market closes on October 27, followed by a call to discuss them at 5:00 p.m. Eastern Time. Accordingly, no actual third-quarter results were available for comparison with analyst expectations as of that date. The company set the date for the announcement and call in its official statement, making the upcoming event a checkpoint for the quarter's performance. The figures released that day will provide the first basis for assessing whether results were in line with the company's previous guidance.
In its previous third-quarter guidance, Rogers forecast net sales of $233 million to $243 million and adjusted earnings of $1.10 to $1.30 per diluted share. The forecast also included a gross margin of 33.2% to 34.2% and adjusted EBITDA of $44 million to $50 million. These ranges are the company's stated benchmarks against which results will be compared when released, rather than describing quarterly earnings as having exceeded estimates not reflected in the available facts. The October 27 results will show where sales and profitability landed within or outside those ranges. The release will also allow a comparison of actual performance against all four elements of the guidance, from revenue to margins and adjusted earnings.
The company reported second-quarter net sales of $216.8 million, up 6.9% year over year. Adjusted earnings rose to $0.92 per diluted share, compared with $0.34 in the second quarter of 2025. On a GAAP basis, diluted earnings were $0.76 per share, following a loss of $4.00 per share in the year-earlier period. These figures show year-over-year improvement in sales and adjusted earnings, alongside a shift from a loss to a profit on a GAAP basis. They relate to the second quarter and do not represent third-quarter results, which had not yet been released.
Rogers attributed second-quarter sales growth mainly to its industrial, electronics and communications end markets. Favorable foreign exchange rates added $5.3 million to net sales compared with the same period a year earlier. Chief Executive Ali Haj said sales increased "about 7% year over year, driven by improving customer demand and progress on commercial initiatives." At the same time, he pointed to continued supply-chain challenges. These factors provide context for assessing the upcoming figures: management linked the previous period's growth to improving demand and its commercial initiatives, while supply constraints persisted, and currency contributed positively to the year-over-year comparison.
Over the longer term, Rogers announced financial targets for 2030 at its September 2026 investor day, including revenue of $1.5 billion, an adjusted EBITDA margin of 26% and adjusted earnings per share of $14.00. The targets provide a longer-term framework for tracking the company's trajectory, while the October 27 announcement is focused on third-quarter results and previous guidance. The company said results would be released after the market closes that day, with a call to discuss them beginning at 5:00 p.m. Eastern Time.