Rogers (US:ROG) Yahoo Finance·2026-02-14 19:28Core Insights - ACK Asset Management LLC disclosed a new position in Rogers (NYSE: ROG), acquiring 436,707 shares valued at approximately $39.99 million [1][2] Company Overview - Rogers is a global provider of high-performance engineered materials, focusing on advanced electronics and elastomeric solutions [6] - As of February 12, 2026, Rogers' stock price was $108.98, with a market capitalization of $1.92 billion, and revenue for the trailing twelve months (TTM) was $801.5 million, while net income was a loss of $66.9 million [4][9] Financial Performance - In the third quarter, Rogers reported sales of $216.0 million, a sequential increase of 6.5%, with a gross margin of 33.5% [10] - Adjusted earnings per share rose to $0.90 from $0.34 in the previous quarter, and adjusted EBITDA improved to $37.2 million [10] - Free cash flow reached $21.2 million, and cash on hand increased to $167.8 million despite $10 million in share repurchases [10] Market Position and Outlook - The Advanced Electronics Solutions segment benefited from increased demand in electric vehicles (EV), wireless infrastructure, and industrial applications, while the Elastomeric Material Solutions segment saw gains in aerospace, defense, and portable electronics [11] - Management anticipates fourth quarter sales between $190 million and $205 million, with typical seasonality affecting sequential growth [11] - The new position represents 5.0% of ACK Asset Management's 13F assets under management as of December 31, 2025, indicating a significant allocation within a portfolio focused on industrial and infrastructure sectors [8][12]