Rogers Plans To Streamline Operations; Intends To Wind Down Manufacturing Of Advanced Circuit Materials And Other Related Activities At Its Evergem, Belgium Factory By Mid-2025

6/6/24 5:02:12 PM ET

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Rogers will continue to support its advanced circuit materials customers through its existing footprint in China and the U.S.

These actions are expected to improve operating profit between $7 to $9 million annually, once fully implemented. To achieve these savings the Company expects to incur total charges in the range of $18 to $28 million, comprised of employee severance and related shutdown expenses.

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Recent Analyst Ratings for
$ROG

Date	Price Target	Rating	Analyst
3/14/2023	$185.00	Market Outperform	CJS Securities
2/14/2023	$180.00	Buy	B. Riley Securities
12/14/2021	$277.00	Market Outperform → Market Perform	CJS Securities
11/4/2021	$225.00 → $277.00	Buy → Hold	Stifel
11/4/2021	$233.00 → $277.00	Buy → Hold	Canaccord Genuity
11/3/2021		Outperform → Peer Perform	Wolfe Research
7/30/2021	$260.00 → $233.00	Buy	Canaccord Genuity

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Rogers Corporation Reports Third Quarter 2024 Results
Improved Operating Margin Drives Further Earnings Growth Rogers Corporation (NYSE:ROG) today announced financial results for the third quarter of 2024. "Third-quarter results were mixed with earnings that exceeded our guidance expectations and sales that were below the low end of our outlook," stated Colin Gouveia, Rogers' President and CEO. "The higher earnings resulted from our ongoing focus on operational improvements, improved product mix, and careful expense management. Sales for the quarter were lower than expected due to softer EV/HEV demand and a lower seasonal peak in portable electronics sales. Looking ahead to the fourth quarter, we expect sales to decline due to typical season
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Roche receives FDA approval for the first companion diagnostic to identify patients with gastric and gastroesophageal junction cancer eligible for targeted treatment with VYLOY
The new VENTANA CLDN18 (43-14A) RxDx Assay helps fulfil an unmet medical need by enabling clinicians to identify patients with gastric or gastroesophageal junction (GEJ) cancer who may benefit from a targeted treatment option. CLDN18.2 is an emerging biomarker in gastric and GEJ cancers and helps predict the likelihood of response to targeted therapy.As the leader in companion diagnostics, Roche continues to build on its commitment to improve personalised healthcare to enable better patient outcomes.TUCSON, Ariz., Oct. 18, 2024 /PRNewswire/ -- Roche ((SIX: RO, ROG, OTCQX:RHHBY) announced today that the VENTANAⓇ CLDN18 (43-14A) RxDx Assay is the first U.S. Food and Drug Administration (FDA) a
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Rogers Corporation Reports Third Quarter 2024 Results
Improved Operating Margin Drives Further Earnings Growth Rogers Corporation (NYSE:ROG) today announced financial results for the third quarter of 2024. "Third-quarter results were mixed with earnings that exceeded our guidance expectations and sales that were below the low end of our outlook," stated Colin Gouveia, Rogers' President and CEO. "The higher earnings resulted from our ongoing focus on operational improvements, improved product mix, and careful expense management. Sales for the quarter were lower than expected due to softer EV/HEV demand and a lower seasonal peak in portable electronics sales. Looking ahead to the fourth quarter, we expect sales to decline due to typical season
10/24/24 4:05:00 PM ET
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Rogers Corporation Schedules Third Quarter 2024 Earnings Call for October 24
Rogers Corporation (NYSE:ROG) ("Rogers") plans to announce third quarter 2024 results on October, 24, 2024 after market close, which will be followed by a conference call at 5:00 pm ET. The call will be hosted by Colin Gouveia, President and Chief Executive Officer, who will be joined by Laura Russell, Interim Chief Financial Officer. A live webcast of the event and related slide presentation can be accessed on Rogers' Investor Relations website at https://rogerscorp.com/investors. A replay of the event will also be available on the Investor Relations' website. About Rogers Corporation Rogers Corporation (NYSE:ROG) is a global leader in engineered materials to power, protect and connect
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Rogers Corporation Reports Second Quarter 2024 Results
Stronger Gross Margin Drives Improved Results Rogers Corporation (NYSE:ROG) today announced financial results for the second quarter of 2024. "Solid execution contributed to results that were in line with our second quarter expectations," stated Colin Gouveia, Rogers' President and CEO. "Sales were near the mid-point of our Q2 guidance, as stronger portable electronics and wireless infrastructure revenues were tempered by lower general industrial demand. We achieved record quarterly sales of our leading EV battery solutions, but overall EV/HEV results were mixed as power substrate sales declined due to elevated customer inventory levels. Stronger gross margin results drove higher earnin
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Ram Mayampurath to Join MKS Instruments as Chief Financial Officer
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Rogers Appoints Senior Vice President of Global Operations and Supply Chain
Veteran Operations Executive Larry Schmid to Lead Rogers' Global Operations and Supply Chain Management Rogers Corporation (NYSE:ROG) ("Rogers") today announced the appointment of Larry Schmid as Senior Vice President, Global Operations and Supply Chain. In this role, Mr. Schmid will direct the operational and supply chain organizations across Rogers' global operations, including in the U.S, China, Belgium, Germany, England, South Korea and Hungary. He will also implement Rogers' ongoing operational excellence initiatives to improve financial performance. "We are pleased to welcome Larry to Rogers and benefit from his more than 20 years of experience in global manufacturing operations and
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Rogers Announces Leadership Transition
Colin Gouveia to be Appointed President and CEO; Bruce Hoechner to Retire at Year End Rogers Corporation (NYSE:ROG) ("Rogers") today announced that Bruce D. Hoechner, President and Chief Executive Officer, has decided to retire, effective December 31, 2022. The Rogers Board of Directors plans to appoint Colin Gouveia, Senior Vice President and General Manager of Rogers' Elastomeric Material Solutions (EMS) business unit, to succeed him. To support a smooth transition process, Mr. Hoechner will remain as a member of the Board of Directors and act in an advisory capacity at the Company until March 31, 2023. This press release features multimedia. View the full release here: https://www.busin
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Rogers Plans To Streamline Operations; Intends To Wind Down Manufacturing Of Advanced Circuit Materials And Other Related Activities At Its Evergem, Belgium Factory By Mid-2025
Rogers will continue to support its advanced circuit materials customers through its existing footprint in China and the U.S. These actions are expected to improve operating profit between $7 to $9 million annually, once fully implemented. To achieve these savings the Company expects to incur total charges in the range of $18 to $28 million, comprised of employee severance and related shutdown expenses.
6/6/24 5:02:12 PM ET
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Rogers Plans To Streamline Operations; Intends To Wind Down Manufacturing Of Advanced Circuit Materials And Other Related Activities At Its Evergem, Belgium Factory By Mid-2025

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Recent Analyst Ratings for $ROG

$ROG Press Releases

Fastest customizable press release news feed in the world

Roche receives CE Mark for VENTANA FOLR1 (FOLR1-2.1) RxDx Assay as the first IHC-based companion diagnostic to identify ovarian cancer patients eligible for ELAHERE

Rogers Corporation Reports Third Quarter 2024 Results

Roche receives FDA approval for the first companion diagnostic to identify patients with gastric and gastroesophageal junction cancer eligible for targeted treatment with VYLOY

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CJS Securities initiated coverage on Rogers Corp with a new price target

B. Riley Securities resumed coverage on Rogers Corp with a new price target

Rogers Corp downgraded by CJS Securities with a new price target

$ROG Large Ownership Changes

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Amendment: SEC Form SC 13G/A filed by Rogers Corporation

SEC Form SC 13G/A filed by Rogers Corporation (Amendment)

SEC Form SC 13G filed by Rogers Corporation

$ROG Insider Trading

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SVP & Chief Admin Officer Webb Michael Reed sold $45,268 worth of Common Stock (416 units at $108.82), decreasing direct ownership by 9% to 4,400 units (SEC Form 4)

Interim CFO Russell Laura covered exercise/tax liability with 31 units of Capital Stock, decreasing direct ownership by 3% to 1,021 units (SEC Form 4)

New insider Russell Laura claimed ownership of 1,052 units of Capital Stock (SEC Form 3)

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Rogers Corporation Reports Third Quarter 2024 Results

Rogers Corporation Schedules Third Quarter 2024 Earnings Call for October 24

Rogers Corporation Reports Second Quarter 2024 Results

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SEC Form 10-Q filed by Rogers Corporation

Rogers Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

Rogers Corporation filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits

$ROG Market Insights

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Rogers Plans To Streamline Operations; Intends To Wind Down Manufacturing Of Advanced Circuit Materials And Other Related Activities At Its Evergem, Belgium Factory By Mid-2025

Why Aon Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Skechers Reports Upbeat Earnings, Joins Tutor Perini, AppFolio, Newell Brands And Other Big Stocks Moving Higher On Friday

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$ROG

$ROG
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