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Rogers Corporation announced financial results for the first quarter of 2026.
"Our consistent execution continued in the first quarter with results that met or exceeded the mid-point of guidance across all financial metrics,” stated Ali El-Haj, Rogers' Interim President and CEO. "We also achieved meaningful improvement in profitability with adjusted earnings per share more than doubling and adjusted EBITDA margin expanding by 580 basis points year over year.”
"The first quarter results together with our stronger second quarter guidance, demonstrates the progress of our commercial and profitability improvement initiatives, which continue to gain momentum. With key products in development that address needs in growing markets, and a strong balance sheet that provides strategic flexibility, we are well positioned to capitalize on compelling market opportunities ahead."
Q1 2026 Summary of Results
Net sales of $200.5 million increased 5.2%, or $10.0 million, versus the first quarter of 2025, inclusive of a $7.9 million foreign currency benefit due to the appreciation of the euro and Chinese yuan relative to the U.S. dollar. By end market, industrial, and electronics and communications sales increased, while automotive sales declined.
GAAP earnings per diluted share were $0.25 compared to a loss per share of $(0.08) in Q1 2025. On an adjusted basis, earnings were $0.75 per diluted share compared to earnings of $0.27 per diluted share in the prior year quarter. There was minimal foreign currency benefit to adjusted earnings per share. The improvement in adjusted earnings resulted from higher sales, improvements in gross margin and lower operating expenses.
First quarter ending cash and cash equivalents were $195.8 million, a decrease of $1.2 million compared to the prior quarter. Net cash provided by operating activities was $5.8 million and capital expenditures were $4.7 million.
