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Stock impact report

Rogers Corporation Reports Fourth Quarter and Full Year 2024 Results [Yahoo! Finance]

Rogers Corporation (ROG) 
Last rogers corporation earnings: 4/30 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investors.rogers.com
Company Research Source: Yahoo! Finance
"Our results were consistent with our guidance expectations for the fourth quarter," stated Colin Gouveia, Rogers' President and CEO. "As anticipated, sales declined due to seasonally lower portable electronics sales and lower wireless infrastructure and industrial revenues. Despite macro and market challenges impacting full year sales, our focused efforts to deliver operations and procurement cost savings, optimize yields and drive throughput improvements helped mitigate the effect of the lower sales on gross margins. These actions, combined with effective expense and working capital management, enabled us to generate solid cash flow and execute our capital allocation priorities. "Many of our customers remain cautious about the timing of a recovery in the EV/HEV and industrial markets," said Gouveia. "In 2025, we continue to focus on securing new design wins, improving our cost structure and maintaining a strong balance sheet. We are executing on our commercial, innovation and man Show less Read more
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