Rogers Reports $202M Q4 Sales, 17.1% EBITDA Margin and $25M Cost Savings
Rogers reported Q4 sales of $202 million with adjusted EPS of $0.89 and a 17.1% EBITDA margin, exceeding guidance by 500 basis points. It guided Q1 revenue of $193–208 million with adjusted EBITDA of $27–35 million and anticipates $45 million in annualized cost savings by end-2026.
1. Q4 Financial Results
Rogers reported Q4 sales of $202 million, a 5% year-over-year increase, with adjusted EPS of $0.89 and a 17.1% EBITDA margin, outperforming the top of guidance by 500 basis points. The quarter generated significant free cash flow and included $14 million in share repurchases.
2. End-Market Performance
Industrial sales rose at a high-single-digit rate and renewable energy and ADAS segments also contributed to growth, while EV/HEV revenue declined driven by lower EMS demand and portable electronics sales fell due to an AES product reaching end of life.
3. Cost Savings and Restructuring
Rogers realized $25 million in annualized cost and operating expense savings in 2025, and expects an additional $20 million by end-2026, complemented by a Curamik Germany restructuring targeting $13 million of run-rate savings in H2 2026.
4. First-Quarter Guidance
Management guided Q1 revenue of $193–208 million with adjusted EBITDA of $27–35 million, forecasted gross margin expansion to 30.5–32.5%, operating expenses down more than 5% year-over-year, and an elevated non-GAAP tax rate of approximately 32%.