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Rogers Corporation announced financial results for the second quarter of 2026.
Highlights:
- Net sales of $216.8 million increased 6.9% year-over-year (YoY)
- Gross margin of 32.5% increased 90 basis points YoY
- Net income of $13.6 million, versus a $73.6 million net loss in the prior year period1
- Adjusted EBITDA of $37.6 million increased by $13.7 million YoY
- Diluted earnings per share of $0.76, versus a loss per share of $4.00 in the prior year period1
- Adjusted earnings per share of $0.92 increased by $0.58 YoY
"We delivered another quarter of solid revenue growth, with sales increasing nearly 7% year over year, driven by improving customer demand and progress in our commercial initiatives,” stated Ali El-Haj, Rogers' President and CEO. "Compared to the prior year adjusted EPS improved significantly and EBITDA margin expanded by 550 basis points, despite supply chain challenges. Overall, these results reflect our continuing focus on improving operating performance, and positioning Rogers for sustainable long-term growth.”
"Looking ahead, we are encouraged by continued progress with new product initiatives and increased customer activity levels. These developments and the positive outlook in many of our end markets are resulting in an expectation of continued year-over-year improvement in all financial metrics in the third quarter. We remain focused on both our customers and on enhancing our operational execution to drive sustained momentum through the remainder of the year."
Q2 2026 Summary of Results
Net sales of $216.8 million increased 6.9%, or $14.0 million, versus the second quarter of 2025. The higher sales were concentrated primarily in the industrial, and electronics and communications end markets. Currency exchange rates favorably affected net sales in the second quarter of 2026 by $5.3 million compared to the prior year.
GAAP earnings per diluted share were $0.76 compared to a loss per share of $(4.00) in Q2 2025. The prior year period included non-cash impairment charges of $71.8 million and $4.3 million of restructuring expenses. On an adjusted basis, earnings were $0.92 per diluted share compared to earnings of $0.34 per diluted share in the second quarter of 2025. The improvement in adjusted earnings resulted from higher sales and gross margin and lower operating expenses.
Second quarter ending cash and cash equivalents were $181.4 million and short-term investments were $30.0 million. These balances together increased by $15.6 million compared to the prior quarter. Net cash provided by operating activities was $24.4 million and capital expenditures were $6.1 million.
