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Rogers (ROG)

Rogers Corporation is a global leader in engineered materials to power, protect, and connect our world. With more than 180 years of materials science experience, Rogers delivers high-performance solutions that enable the company's growth drivers -- advanced connectivity and advanced mobility applications, as well as other technologies where reliability is critical. Rogers delivers Power Electronics Solutions for energy-efficient motor drives, e-Mobility and renewable energy; Elastomeric Material Solutions for sealing, vibration management and impact protection in mobile devices, transportation interiors, industrial equipment and performance apparel; and Advanced Connectivity Solutions for wireless infrastructure, automotive safety and radar systems. Headquartered in Arizona (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Belgium, Hungary, and South Korea, with joint ventures and sales offices worldwide.

Company profile

Ticker
ROG
Exchange
CEO
Bruce Hoechner
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
World Properties, Inc. • Chandler Holdings • Rogers Japan, Inc. • Rogers Southeast Asia, Inc. • Rogers Taiwan, Inc. • Rogers Technologies Singapore, Inc. • Rogers KF, Inc. • Rogers Korea, Inc. • Arlon MED International, LLC. • Rogers Material Technologies (Suzhou) Co., Ltd. ...
IRS number
60513860

ROG stock data

Calendar

4 Aug 22
9 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Jul 22 Williams Peter Bennett Capital (Common) Stock Payment of exercise Dispose F No No 267.89 119 31.88K 8,217
9 Jun 22 Barnes Keith Capital (Common) Stock Sell Dispose S No Yes 260.2 400 104.08K 1,820
3 Jun 22 Gouveia Randall Colin Capital (Common) Stock Payment of exercise Dispose F No No 264.61 210 55.57K 9,732
3 Jun 22 Rowntree Jonathan James Capital (Common) Stock Payment of exercise Dispose F No No 264.61 30 7.94K 7,252
5 May 22 Peter C Wallace Capital (Common) Stock Grant Acquire A No No 0 600 0 10,047
90.3% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 258 265 -2.6%
Opened positions 34 79 -57.0%
Closed positions 41 43 -4.7%
Increased positions 83 60 +38.3%
Reduced positions 96 89 +7.9%
13F shares Current Prev Q Change
Total value 4.61B 5.04B -8.4%
Total shares 16.98M 18.45M -8.0%
Total puts 67.1K 65K +3.2%
Total calls 93.27K 72.6K +28.5%
Total put/call ratio 0.7 0.9 -19.7%
Largest owners Shares Value Change
BLK Blackrock 2.83M $769.79M -13.5%
Vanguard 2.06M $559.93M +0.9%
Dimensional Fund Advisors 639.05K $173.63M -0.2%
STT State Street 594.67K $161.57M +2.9%
Magnetar Financial 537.11K $145.93M -7.5%
C Citigroup 490.03K $133.14M +85.4%
Spring Creek Capital 446.15K $121.22M +27.5%
DB Deutsche Bank AG - Registered Shares 419.56K $113.99M +14.0%
Alpine Associates Management 400.18K $108.73M +14.7%
Millennium Management 350.9K $95.34M +23.6%
Largest transactions Shares Bought/sold Change
BLK Blackrock 2.83M -440.33K -13.5%
ATAC Neuberger Berman 16.71K -426.14K -96.2%
Norges Bank 0 -373.58K EXIT
IVZ Invesco 97.33K -238.43K -71.0%
C Citigroup 490.03K +225.75K +85.4%
BCS Barclays 258.39K +224.28K +657.5%
JHG Janus Henderson 76.37K -221.43K -74.4%
Conestoga Capital Advisors 158.8K -203.54K -56.2%
JPM JPMorgan Chase & Co. 255.72K +179.1K +233.7%
GS Goldman Sachs 310.56K +163.31K +110.9%

Financial report summary

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Risks
  • We may not be able to complete the proposed merger with DuPont and we may incur substantial costs that may adversely affect our financial results and operations and the market price of our capital stock.
  • While the proposed merger is pending, we will be subject to contractual restrictions that could adversely affect our business and operations.
  • Uncertainties related to the merger could adversely affect our businesses, sales and gross margins.
  • The COVID-19 pandemic and global responsive measures have impacted our business and results of operations and could materially adversely affect our business, results of operations and financial position in future periods.
  • Failure to capitalize on, volatility within, or other adverse changes with respect to the Company’s growth drivers, including advanced mobility and advanced connectivity, may adversely affect our business.
  • We have extensive international operations, and events and circumstances that have general international consequence or specific impact in the countries in which we operate may materially adversely affect our business.
  • Deteriorating trade relations between the U.S. and China, other trade conflicts and barriers, economic sanctions, and Chinese policies to decrease dependence on foreign suppliers could limit or prevent certain existing or potential customers from doing business with us and materially adversely affect our business.
  • Our business is dependent upon our development of innovative products and our customers’ incorporation of those products into end user products and systems that achieve commercial success.
  • Our dependence on sole or limited source suppliers for certain of our raw materials could materially adversely affect our ability to manufacture products and materially increase our costs.
  • We face intense global competition, which could reduce demand for our products or create additional pricing pressure on our products.
  • We have engaged in transactions in the past and may in the future acquire or dispose of businesses, or engage in other transactions, which expose us to a variety of risks that could materially adversely affect our business operating results and financial position.
  • The failure to attract and retain specialized technical and management personnel could impair our expected growth and future success.
  • If we suffer loss or disruption to our facilities, supply chains, distribution systems or information technology systems due to catastrophe or other events, our business could be seriously harmed.
  • A significant disruption in, or breach in security of, our information technology systems or violations of data protection laws could materially adversely affect our business and reputation.
  • Employee benefit cost increases could reduce our profitability.
  • Our business may be materially adversely affected if we cannot protect our proprietary technology or if we infringe the proprietary rights of others.
  • As a multinational corporation doing business in the U.S. and various foreign jurisdictions, changes in tax laws or exposures to additional tax liability could negatively impact our operating results.
  • The terms of our credit agreement subject us to risks, including potential acceleration of our outstanding indebtedness if we fail to satisfy financial ratios and comply with numerous covenants.
  • We may be adversely affected by litigation stemming from product liability and other claims.
  • We are subject to many environmental laws and regulations as well as potential environmental liabilities that could adversely affect our business.
Management Discussion
  • Net sales increased by 7.3% in the second quarter of 2022 compared to the second quarter of 2021. Our AES and EMS operating segments had net sales increases of 0.5% and 17.6%, respectively. The increase in net sales was primarily due to higher net sales in the EV/HEV market in our AES operating segment and higher net sales in the general industrial and EV/HEV markets in our EMS operating segment. The increase was partially offset by lower net sales in the wireless infrastructure, ADAS and aerospace and defense markets in our AES operating segment and lower net sales in the portable electronics market in our EMS operating segment. Additionally, our EMS operating segment net sales increased by $11.1 million, or 4.7%, reflecting the impact from our acquisition of Silicone Engineering. Net sales were unfavorably impacted by foreign currency impacts of $6.9 million, or 2.9%, due to the depreciation in value of the euro and British pound relative to the U.S. dollar.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: British, entirety
Removed: generated

Patents

Utility
Method for the manufacture of a spatially varying dielectric material, articles made by the method, and uses thereof
9 Aug 22
A stereolithography method of manufacture of a polymer structure having a spatially gradient dielectric constant, including: providing a volume of a liquid, radiation-curable composition; irradiating a portion of the liquid, radiation-curable composition with activating radiation in a pattern to form a layer of the polymer structure; contacting the layer with the liquid, radiation-curable composition; irradiating the liquid, radiation-curable composition with activating radiation in a pattern to form a second layer on the first layer; and repeating the contacting and irradiating to form the polymer structure, wherein the polymer structure comprises a plurality of unit cells wherein each unit cell is integrally connected with an adjacent unit cell, each unit cell is defined by a plurality of trusses formed by the irradiation, wherein the trusses are integrally connected with each other at their respective ends, and the trusses of each unit cell are dimensioned to provide the spatially gradient dielectric constant.
Utility
Multi-layer exercise mat
9 Aug 22
A multi-layer exercise mat including a first layer including an outer surface and an opposing inner surface, the opposing inner surface of the first layer including a first array of three-dimensional features integral with the first layer; and a second layer including an outer surface and an opposing inner surface, the opposing inner surface of the second layer including a second array of three-dimensional features integral with the second layer.
Utility
Method for producing a cooling element, and cooling element produced using such a method
4 Aug 22
Inventors: Johannes Wiesend, Michael Macher, Heiko Schweiger, Thilo Vethake, Mark Gottdiener
Utility
Photocurable compositions for stereolithography, method of forming the compositions, stereolithography methods using the compositions, polymer components formed by the stereolithography methods, and a device including the polymer components
2 Aug 22
A photocurable composition for stereolithographic three-dimensional printing, wherein the photocurable composition comprises a photoreactive oligomer component comprising a hydrophobic oligomer comprising a photoreactive end group, a photoreactive monomer component comprising a photoreactive monomer having a photoreactive end group, and a photoinitiation composition comprising a photoinitiator; the photocurable composition has a viscosity of 250 to 10,000 centipoise at 22° C., determined using a Brookfield viscometer; and the photocured composition has a dielectric loss of less than 0.010, preferably less than 0.008, more preferably less than 0.006, most preferably less than 0.004, each determined by split-post dielectric resonator testing at 10 gigahertz at 23° C.
Utility
Broadband multiple layer dielectric resonator antenna and method of making the same
21 Jun 22
A method for the manufacture of a DRA, or an array of the DRA's, each DRA including: a substrate; and, a plurality of volumes of dielectric materials disposed on the substrate comprising N volumes, N being an integer equal to or greater than 3, disposed to form successive and sequential layered volumes V(i), i being an integer from 1 to N, wherein volume V(1) forms an innermost volume, wherein a successive volume V(i+1) forms a layered volume disposed over and at least partially embedding volume V(i), wherein volume V(N) at least partially embeds all volumes V(1) to V(N−1), the method including: forming on the substrate a first volume of the plurality of volumes of dielectric materials from a first dielectric material having a first dielectric constant; and, forming over the first volume a second volume of the plurality of volumes of dielectric materials with a second dielectric material having a second dielectric constant.