Rogers Corporation Announces Further Actions To Streamline Operations And Drive Margin Improvement
Rogers Corporation (ROG)
Last rogers corporation earnings: 4/30 04:05 pm
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Source: Business Wire
Advanced Circuit Materials Manufacturing Operations To Be Consolidated CHANDLER, Ariz.--(BUSINESS WIRE)--Rogers Corporation (NYSE: ROG) (“Rogers”) announced today plans to drive further operational efficiency and margin improvement. Rogers intends to wind down manufacturing of advanced circuit materials and other related activities at its Evergem, Belgium factory by mid-2025. Rogers will continue to support its advanced circuit materials customers through its existing footprint in China and the United States.These actions are expected to improve operating profit between $7 to $9 million annually, once fully implemented. To achieve these savings the Company expects to incur total charges in the range of $18 to $28 million, comprised of employee severance and related shutdown expenses.“Providing high levels of support to our customers, in the regions they operate, is at the core of our global operations footprint strategy,” said Colin Gouveia, Rogers' President and CEO. “As customer
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News
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- Rogers Corporation Announces Further Actions To Streamline Operations And Drive Margin Improvement [Yahoo! Finance]Yahoo! Finance
- Rogers Corporation to Participate in Upcoming Investor Conferences [Yahoo! Finance]Yahoo! Finance
- Rogers Corporation to Participate in Upcoming Investor ConferencesBusiness Wire
ROG
Earnings
- 4/25/24 - Beat
ROG
Sec Filings
- 6/6/24 - Form 8-K
- 5/22/24 - Form SD
- 5/16/24 - Form 144
- ROG's page on the SEC website