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ROG Rogers

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
IRS number
60513860

ROG stock data

(
)

Calendar

29 Apr 21
28 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Rogers earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 199.11M 199.11M 199.11M 199.11M 199.11M 199.11M
Cash burn (monthly) (positive/no burn) 9.1M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 35.57M n/a n/a n/a n/a
Cash remaining n/a 163.53M n/a n/a n/a n/a
Runway (months of cash) n/a 18.0 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
22 Jul 21 Williams Peter Bennett Capital (Common) Stock Payment of exercise Dispose F No No 192.4 118 22.7K 5,123
10 Jun 21 Barnes Keith Capital (Common) Stock Sell Dispose S No Yes 194.39 775 150.65K 4,750
3 Jun 21 Gouveia Randall Colin Capital (Common) Stock Payment of exercise Dispose F No No 190.17 142 27K 5,557
3 Jun 21 Rowntree Jonathan James Capital (Common) Stock Payment of exercise Dispose F No No 190.17 30 5.71K 4,594
7 May 21 Jay B Knoll Capital (Common) Stock Sell Dispose S No No 190.9618 1,184 226.1K 9,765

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

95.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 219 214 +2.3%
Opened positions 32 43 -25.6%
Closed positions 27 22 +22.7%
Increased positions 61 63 -3.2%
Reduced positions 86 83 +3.6%
13F shares
Current Prev Q Change
Total value 3.34B 2.78B +20.3%
Total shares 17.84M 17.88M -0.2%
Total puts 17.1K 12.3K +39.0%
Total calls 35.2K 205.6K -82.9%
Total put/call ratio 0.5 0.1 +712.0%
Largest owners
Shares Value Change
BLK Blackrock 3.46M $651.37M +6.3%
Vanguard 2.02M $379.89M +2.5%
ATAC Neuberger Berman 1.57M $295.06M +0.3%
Wellington Management 903.2K $169.99M +18.4%
JHG Janus Henderson 773.08K $145.5M -5.4%
Dimensional Fund Advisors 650.79K $122.49M -6.7%
STT State Street 584.93K $110.09M +1.9%
Conestoga Capital Advisors 432.29K $81.36M +1.2%
SAMG Silvercrest Asset Management 406.95K $76.59M -21.3%
GS Goldman Sachs 382.87K $72.06M +2.5%
Largest transactions
Shares Bought/sold Change
BLK Blackrock 3.46M +204.89K +6.3%
Norges Bank 0 -192.5K EXIT
Wellington Management 903.2K +140.14K +18.4%
IVZ Invesco 223.65K +137.35K +159.2%
SAMG Silvercrest Asset Management 406.95K -110.2K -21.3%
GW&K Investment Management 43.41K -88.7K -67.1%
PRU Prudential Financial 87.54K +61.66K +238.3%
Vanguard 2.02M +49.56K +2.5%
Mesirow Financial Investment Management - Equity Management 48.33K +48.33K NEW
Dimensional Fund Advisors 650.79K -46.61K -6.7%

Financial report summary

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Risks
  • 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 15.3% in the first quarter of 2021 compared to the first quarter of 2020. Our AES and EMS operating segments had net sales increases of 18.5% and 10.0%, respectively. The increase in net sales was primarily due to higher net sales in the ADAS, aerospace and defense and clean energy markets in our AES operating segment and higher net sales in the EV/HEV, general industrial, consumer and automotive markets in our EMS operating segment. Net sales were favorably impacted by foreign currency impacts of $8.2 million, or 4.1%, due to the appreciation in value of the euro and Chinese renminbi relative to the U.S. dollar.
  • Gross margin as a percentage of net sales increased approximately 600 basis points to 39.0% in the first quarter of 2021 compared to 33.0% in the first quarter of 2020. Gross margin in the first quarter of 2021 was favorably impacted by higher volume in our AES and EMS operating segments, favorable product mix in our EMS operating segment, favorable absorption of fixed overhead costs and favorable productivity improvements in our AES operating segment, as well as yield improvements and a lower inventory reserves provision in our EMS operating segment. This was partially offset by higher commodity costs and unfavorable product mix in our AES operating segment and higher freight expenses in our EMS operating segment.
  • Our UTIS net sales were only slightly impacted by the fire at our UTIS manufacturing facility in Ansan, South Korea as a result of selling our undamaged finished goods inventory during the remainder of the first quarter of 2021. In the second quarter of 2021, we expect a greater impact to our net sales due to the continued disruption to our UTIS operations.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: AES, Ansan, ASC, bifurcation, Bruce, CEO, claim, Coast, Codification, complementary, contingent, conversion, convertible, criteria, damage, damaged, deductible, destroyed, display, embedded, Entity, eSorba, evacuated, examination, exited, fire, foreseen, Gulf, Hoechner, host, investigation, lack, language, long, maker, monitoring, nearby, November, organizational, pertaining, proposition, prospective, ramp, realignment, rebuild, reimbursed, RESIP, resource, restore, retrospective, safely, Simplifying, single, slightly, standard, Subtopic, temper, unaffected, undamaged, weather
Removed: add, adversely, anticipation, apply, approval, assessed, attain, automation, beneficial, buy, California, Carol, charge, close, commitment, comparing, compensate, considerable, consideration, consolidate, consolidation, curamik, curve, derived, determination, discontinued, doubtful, Durel, economy, enabled, enabling, ending, European, external, face, Facilitation, Fe, governmental, Healthcare, highly, implemented, IRS, Isola, leaseback, leased, letter, machinery, maintained, monthly, NYFRB, optional, paid, potentially, produced, promoting, reached, rebalancing, recession, reduced, reform, replace, responsive, resulted, resumed, ROLINX, Santa, satisfy, sequential, shelter, significantly, slowdown, steep, Stream, subsequently, supplemented, suspending, sustained, swap, temporarily, timing, transitional, transportation, unfavorably, USA, vehicle, view, waning, workforce

Patents

APP
Utility
Nanocrystalline Cobalt Doped Nickel Ferrite Particles, Method of Manufacture, and Uses Thereof
22 Jul 21
Described herein is a nanocrystalline ferrite having the formula Ni1-x-y MyCoxFe2+zO4, wherein M is at least one of Zn, Mg, Cu, or Mn, x is 0.01 to 0.8, y is 0.01 to 0.8, and z is −0.5 to 0.5, and wherein the nanocrystalline ferrite has an average grain size of 5 to 100 nm.
APP
Utility
Metal-ceramic Substrate and Method for Producing a Metal-ceramic Substrate
24 Jun 21
Inventors: Andreas Meyer, Stefan Britting
APP
Utility
Bismuth Ruthenium M-type Hexaferrite
17 Jun 21
In an aspect, a ferrite composition comprises a BiRuCo-M-type ferrite having the formula Me1-xBixCoyRuzFe12-tO19, wherein Me is at least one of Sr, Pb, or Ba; x is 0.01 to 0.5; y is 0.1 to 2; z is 0 to 4, and t is 0 to 4; wherein the Co can be at least partially replaced by at least one of Zn, Cu, or Mg by an amount of less than y, and the Ru can be at least partially replaced by at least one of Ti, Sn, or Zr, where the substitution amount is not more than z or is less than z.
GRANT
Utility
Electromagnetic device
8 Jun 21
An electromagnetic, EM, device includes: a 3D body made from a dielectric material having a proximal end and a distal end; the 3D body having a first region toward the center of the 3D body made from a dielectric material having a first average dielectric constant, the first region extending at least partially to the distal end of the 3D body; and the 3D body having a second region outboard of the first region made from a dielectric material other than air having a second average dielectric constant that is greater than the first average dielectric constant, the second region extending from the proximal end to the distal end of the 3D body.
APP
Utility
Shaped Dielectric Component Cross-linked Via Irradiation and Method of Making Thereof
27 May 21
A cured, shaped dielectric component, including a crosslinked product of a composite comprising a thermoplastic polymer, an optional crosslinking co-agent, an optional cure initiator, an optional additive composition, and a ceramic filler composition; wherein the cured, shaped dielectric component has a permittivity of 1.1 to 20 at 10 GHz; and wherein the cured, shaped dielectric component has no melt flow index when tested at 190° C., 2.16 kg, in accordance with ASTM D1238-20.