Rogers Corporation announced its second-quarter 2025 financial results, reporting net sales of $202.8 million, a 6.5% increase sequentially but a 5.3% decrease year-over-year. The company posted a GAAP diluted loss per share of $(4.00), significantly impacted by restructuring and impairment charges.
The quarter included $76.1 million in restructuring and impairment charges, primarily a non-cash goodwill impairment charge of $67.3 million related to the Curamik business within the Advanced Electronics Solutions (AES) segment. Adjusted diluted earnings per share (EPS) for the quarter was $0.34, which was within the company's guidance range.
Rogers also announced new cost savings initiatives for its Curamik business, expected to reduce manufacturing costs and operating expenses by over $13 million on an annual run-rate basis. For the third quarter of 2025, the company projects net sales between $200 million and $215 million and adjusted EPS between $0.50 and $0.90, anticipating further improvements from slightly higher sales and cost reduction measures.
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