ROG Rogers Corp.
Rogers Corp. engages in the design, development, manufacture, and sale of engineered materials and components for mission critical applications. It operates through the following segments: Advanced Connectivity Solutions (ACS), Elastomeric Material Solutions (EMS), Power Electronics Solutions (PES), and Other. The ACS segment offers circuit materials and solutions, which enables connectivity for applications including communications infrastructure, automotive, connected services, wired infrastructure, consumer electronics, and aerospace and defense. The EMS segment comprises elastomeric material solutions for critical cushioning, sealing, impact protection, and vibration management applications. The Other segment consists elastomer components for applications in ground transportation, office equipment, consumer and other markets. The company was founded by Peter Rogers in 1832 and is headquartered in Chandler, AZ.
Company profile
Ticker
ROG
Exchange
Website
CEO
Bruce D. Hoechner
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
DuPont de Nemours • Dow • Eastman Chemical • Trinseo • Dow Chemical • Hexion • Albemarle • Hexcel • Kraton • AdvanSix ...
SEC CIK
Corporate docs
IRS number
60513860
ROG stock data
()
Calendar
1 May 20
5 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 198.81M | 193.77M | 221.84M | 242.85M | |
| Net income | 13.26M | -28.76M | 23.39M | 24.29M | |
| Diluted EPS | 0.71 | -1.54 | 1.25 | 1.3 | |
| Net profit margin | 6.67% | -14.84% | 10.54% | 10.00% | |
| Operating income | 17.48M | 14.58M | 29.89M | 33.21M | |
| Net change in cash | 141.43M | 26.1M | -32.32M | 10.99M | |
| Cash on hand | 308.28M | 166.85M | 140.75M | 173.07M | |
| Cost of revenue | 133.18M | 129.57M | 142.98M | 157.02M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 898.26M | 879.09M | 821.04M | 656.31M | |
| Net income | 47.32M | 87.65M | 80.46M | 48.28M | |
| Diluted EPS | 2.53 | 4.7 | 4.34 | 2.65 | |
| Net profit margin | 5.27% | 9.97% | 9.80% | 7.36% | |
| Operating income | 110.48M | 112.71M | 129.14M | 80.9M | |
| Net change in cash | -889K | -13.42M | -46.61M | 23.18M | |
| Cash on hand | 166.85M | 167.74M | 181.16M | 227.77M | |
| Cost of revenue | 583.97M | 568.31M | 502.47M | 406.83M |
Financial data from Rogers earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 11 Jun 20 | Barnes Keith | Capital (Common) Stock | Sell | Dispose S | Yes | 111 | 425 | 47.18K | 4,725 |
| 3 Jun 20 | Rowntree Jonathan James | Capital (Common) Stock | Payment of exercise | Dispose F | No | 116.17 | 30 | 3.49K | 2,420 |
| 3 Jun 20 | Gouveia Randall Colin | Capital (Common) Stock | Payment of exercise | Dispose F | No | 116.17 | 137 | 15.92K | 3,493 |
| 21 May 20 | Tsao Jeff | Capital (Common) Stock | Sell | Dispose S | No | 105.4889 | 305.361 | 32.21K | 2,565.864 |
| 7 May 20 | Jensen Carol R | Capital (Common) Stock | Grant | Aquire A | No | 0 | 1,550 | 0 | 13,688 |
Institutional ownership Q1 2020
97.0% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 197 |
| Opened positions | 20 |
| Closed positions | 55 |
| Increased positions | 74 |
| Reduced positions | 73 |
13F shares |
Current |
|---|---|
| Total value | 4.9B |
| Total shares | 18.11M |
| Total puts | 35.6K |
| Total calls | 34.6K |
| Total put/call ratio | 1.0 |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 2.68M | $253.22M |
| Vanguard | 2.03M | $191.38M |
| NEU Neuberger Berman | 1.68M | $158.45M |
| Wellington Management | 936.64K | $88.44M |
| William Blair Investment Management | 863.08K | $81.49M |
| JHG Janus Henderson | 790.86K | $74.67M |
| Dimensional Fund Advisors | 756.16K | $71.4M |
| STT State Street | 574.07K | $54.2M |
| Conestoga Capital Advisors | 558.57K | $52.74M |
| SAMG Silvercrest Asset Management | 468.99K | $44.28M |
Financial report summary
?Risks
- 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.
- Our business may be materially adversely affected if we cannot protect our proprietary technology or if we infringe the proprietary rights of others.
- The failure to attract and retain specialized technical and management personnel could impair our expected growth and future success.
- 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.
- 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.
Management Discussion
- Net sales decreased by 17.1% in the first quarter of 2020 compared to the first quarter of 2019. Our PES, ACS and EMS operating segments had net sales decreases of 21.9%, 19.8% and 10.0%, respectively. The decrease in net sales was primarily driven by significantly lower net sales in the 4G and 5G wireless infrastructure markets in our ACS operating segment, lower net sales in the portable electronics, general industrial and EV/HEV markets in our EMS operating segment and lower net sales in the variable frequency drives and mass transit markets in our PES operating segment. Net sales were unfavorably impacted by foreign currency impacts of $2.6 million, or 1.1%, due to the depreciation in value of the euro, Chinese renminbi and Korean won relative to the U.S. dollar.
Content analysis
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H.S. sophomore Avg
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New words:
array, assessed, assessment, automation, began, belt, calendar, ceased, chain, clean, close, considerable, consideration, cooling, disruption, distancing, duration, economy, entertainment, entitled, Europe, European, experienced, extending, face, frozen, gasketing, governmental, greatest, Healthcare, hose, hygiene, imposition, insulation, magnitude, medium, meet, merger, met, Microwave, NYFRB, outbreak, pandemic, pause, phased, plant, precautionary, preceding, preserve, prioritized, produced, promoting, provision, reached, rebalancing, recession, recovery, reflected, replace, reserve, resumed, sequential, shelter, shielding, short, significantly, slowdown, social, steep, supply, sustained, temporarily, terrorism, transmission, travel, unable, uneven, usage, venting, waning, war, workforce, yen, York
Removed:
acquire, actuarial, agreed, alleged, America, antitrust, arrangement, ASC, benchmark, capitalizing, carry, channel, Chemical, classification, classify, Cloud, Codification, comparative, consumer, contractual, counterparty, cumulatively, cutting, disclose, dispute, distributed, diverse, Dow, earliest, employer, ESPP, exercisable, exercised, expand, expensed, favorably, fix, forma, Framework, Griswold, ground, hired, hosting, imposed, Inclusion, Index, indirect, initiated, interconnect, international, inverter, July, laminated, laser, lawsuit, loan, membership, micro, mission, module, negatively, Nonqualified, notice, obtain, offering, office, OIS, opening, overfunded, overnight, package, payroll, Polyether, Polyol, practical, prepare, pro, proposed, prospective, prospectively, qualifying, rail, received, reclassification, reclassify, redesignated, refinanced, regulation, relating, relocation, remained, removing, repurchase, repurchased, resolution, restatement, Restoration, restore, retained, Retiree, retrospective, retrospectively, salaried, senior, smart, SOFR, stabilize, standard, stranded, Subtopic, supplemental, suspended, Targeted, tariff, today, type, underfunded, unlawfully, unrealized, unremitted, urethane, utilization, violation, whichever
Financial reports
10-Q
2020 Q1
Quarterly report
1 May 20
10-K
2019 FY
Annual report
21 Feb 20
10-Q
2019 Q3
Quarterly report
31 Oct 19
10-Q
2019 Q2
Quarterly report
1 Aug 19
10-Q
2019 Q1
Quarterly report
1 May 19
10-K
2018 FY
Annual report
21 Feb 19
10-Q
2018 Q3
Quarterly report
2 Nov 18
10-Q
2018 Q2
Quarterly report
1 Aug 18
10-Q
2018 Q1
Quarterly report
27 Apr 18
10-K
2017 FY
Annual report
28 Feb 18
Current reports
8-K
Submission of Matters to a Vote of Security Holders
12 May 20
8-K
Rogers Corporation Reports First Quarter 2020 Results
30 Apr 20
8-K
Rogers Corporation Reports Fourth Quarter and Full Year 2019 Results
20 Feb 20
8-K
Departure of Directors or Certain Officers
14 Feb 20
8-K
Rogers Corporation Reports Third Quarter 2019 Results
30 Oct 19
8-K
Departure of Directors or Certain Officers
9 Sep 19
8-K
Delivers Record Quarterly Revenue; EPS at Top End of Guidance
31 Jul 19
8-K
Departure of Directors or Certain Officers
14 Jun 19
8-K
Regulation FD Disclosure
22 May 19
8-K
Departure of Directors or Certain Officers
15 May 19
Registration and prospectus
S-8
Registration of securities for employees
14 May 19
15-12B
Securities registration termination
12 Jan 18
25-NSE
Exchange delisting
11 Sep 17
25-NSE
Exchange delisting
11 Sep 17
8-A12B/A
Registration of securities on exchange (amended)
8 Sep 17
S-8 POS
Registration of securities for employees (post-effective amendment)
27 May 16
S-8 POS
Registration of securities for employees (post-effective amendment)
27 May 16
S-8 POS
Registration of securities for employees (post-effective amendment)
27 May 16
S-8 POS
Registration of securities for employees (post-effective amendment)
27 May 16
S-8
Registration of securities for employees
11 Aug 14
Proxies
DEFA14A
Additional proxy soliciting materials
27 Mar 20
DEF 14A
Definitive proxy
27 Mar 20
DEFA14A
Additional proxy soliciting materials
30 Apr 19
DEFA14A
Additional proxy soliciting materials
29 Mar 19
DEF 14A
Definitive proxy
29 Mar 19
DEF 14A
Definitive proxy
22 Mar 18
DEFA14A
Additional proxy soliciting materials
22 Mar 18
DEFA14A
Additional proxy soliciting materials
22 Mar 18
DEFA14A
Additional proxy soliciting materials
27 Mar 17
DEF 14A
Definitive proxy
22 Mar 17
Other
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
31 May 19
UPLOAD
Letter from SEC
11 Oct 18
SD
Conflict minerals disclosure
29 May 18
UPLOAD
Letter from SEC
20 Jul 17
CORRESP
Correspondence with SEC
14 Jul 17
UPLOAD
Letter from SEC
27 Jun 17
SD
Conflict minerals disclosure
31 May 17
UPLOAD
Letter from SEC
15 Jul 16
CORRESP
Correspondence with SEC
27 Jun 16
Ownership
4
ROGERS / KEITH BARNES ownership change
12 Jun 20
4
ROGERS / Jonathan James Rowntree ownership change
4 Jun 20
4
ROGERS / Randall Colin Gouveia ownership change
4 Jun 20
4
ROGERS / Jeff Tsao ownership change
26 May 20
4
ROGERS / Peter C Wallace ownership change
11 May 20
4
ROGERS / HELENE SIMONET ownership change
11 May 20
4
ROGERS / JEFFREY J OWENS ownership change
11 May 20
4
ROGERS / GANESH MOORTHY ownership change
11 May 20
4
ROGERS / Carol R Jensen ownership change
11 May 20
4
ROGERS / KEITH BARNES ownership change
11 May 20
Patents
GRANT
Utility
Broadband multiple layer dielectric resonator antenna and method of making the same
30 Jun 20
A dielectric resonator antenna, DRA, includes: an electrically conductive ground structure; a plurality of volumes of dielectric materials disposed on the ground structure comprising N volumes, N being an integer equal to or greater than 3, disposed to form sequential layered volumes Vi, i being an integer from 1 to N, wherein volume V1 forms an innermost first volume, wherein a successive volume Vi+1 forms a layered shell disposed over and at least partially embedding volume Vi, wherein volume VN at least partially embeds all volumes V1 to VN−1; wherein a portion of the dielectric material of volume VN bifurcates at least a portion of volumes V1 to VN−1; wherein the plurality of volumes of dielectric materials has a first effective dielectric constant along a first geometrical path, and has a second effective dielectric constant along a second geometrical path that is lower than the first effective dielectric constant.
GRANT
Utility
Broadband multiple layer dielectric resonator antenna and array thereof
30 Jun 20
A dielectric resonator antenna, DRA, includes: a ground structure; a plurality of volumes of dielectric materials disposed on the ground structure having N volumes V1 to VN, N being an integer equal to or greater than 3; a signal feed disposed and structured to be electromagnetically coupled to one or more of the plurality of volumes of dielectric materials; wherein adjacent ones of the plurality of volumes of dielectric materials have different dielectric constants with respect to each other; wherein each volume V2 to VN−1 includes a dielectric material other than air; and, wherein at least volume V1 has a cross sectional shape as observed in an elevation view with an overall height that is greater than half its respective overall width.
APP
Utility
Single-sided Pressure-sensitive Adhesive Tape
25 Jun 20
A single-sided pressure-sensitive adhesive tape includes a substrate, a reflective metal layer disposed on a surface of the substrate, a pressure-sensitive adhesive layer disposed on the reflective metal layer, a thermoplastic polymer layer, and a light-shielding layer disposed on a surface of the thermoplastic polymer layer; wherein the light-shielding layer is dry laminated to the surface of the substrate opposite the surface on which the reflective metal layer is disposed.
APP
Utility
Broadband Multiple Layer Dielectric Resonator Antenna
18 Jun 20
A dielectric resonator antenna, DRA, includes: an electrically conductive ground structure; a dielectric material disposed on the ground structure; a signal feed electromagnetically coupled to the dielectric material; wherein the dielectric material provides a continuous uninterrupted internal geometric path from a side of the signal feed to an opposing side through a top of the dielectric material that is configured to at least partially support a TE radiating mode; and, the dielectric material defining therein a first geometrical path having a first direction, as observed in a plan view of the DRA, and defining therein a second geometrical path having a second direction, as observed in the plan view of the DRA, that is orthogonal to the first direction of the first geometrical path, the second geometrical path having an effective dielectric constant that is less than an effective dielectric constant of the first geometrical path, the first geometrical path, relative to the second geometrical path, being a favored path for E-field lines associated with the DRA.
APP
Utility
Fusible Phase-change Powders for Thermal Management, Methods of Manufacture Thereof, and Articles Containing the Powders
4 Jun 20
A fusible, phase-change powder composition includes a plurality of powder particles comprising a polymer composition, an unencapsulated phase-change material, and optionally, an additive composition; wherein the powder composition is fusible at a temperature of 25 to 105° C., or 28 to 60° C., or 45 to 85° C., or 60 to 80° C., or 80 to 100° C.