Rogers (US:ROG)2025-07-31 21:00Q2 2025 Financial Performance - Net sales increased to $202.8 million in Q2 2025, compared to $190.5 million in Q1 2025[19] - Gross margin improved to 31.6% in Q2 2025 from 29.9% in Q1 2025[19] - Adjusted earnings per diluted share increased to $0.34 in Q2 2025 from $0.27 in Q1 2025[19] - Adjusted EBITDA margin increased to 11.8% in Q2 2025 from 10.2% in Q1 2025[19] - The company reported a GAAP net loss of $73.6 million, primarily due to goodwill and other intangible impairment charges of $71.8 million related to the AES curamik® business[19] Market Dynamics and Response - The electric vehicle (EV) market is evolving rapidly, leading to a lower outlook for curamik® EV growth, particularly in North America and Europe[12, 13] - The company is right-sizing curamik® operations, expecting $13 million of annual run rate savings with approximately 1 year payback on restructuring actions[17] - The company is localizing manufacturing with a new curamik® facility in China scheduled to ramp production[17] Q3 2025 Guidance - The company expects net sales between $200 million and $215 million[27] - Gross margin is expected to be between 31.5% and 33.5%[27] - Adjusted earnings per diluted share are guided to be between $0.50 and $0.90[27]