Rogers Corporation · NYSE:ROG
Rogers — Investor Day (September 2026)
71 slides from Rogers's investor day presentation, September 2026
Slide 1: Rogers Corporation Investor Day September 2026
ROGERS CORPORATION Investor Day SEPTEMBER 2026
Slide 2: Forward Looking Statements
Forward Looking Statements Safe Harbor Statement Statements included in this presentation that are not a description of historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 193
Slide 3: Non-GAAP and Additional Information
Non-GAAP and Additional Information Non-GAAP Information This presentation contains historical non-GAAP financial measures, including Adjusted Operating Expenses, Adjusted EBITDA Margin and Adjusted Earnings per Share. See the Appendix for a description of these financial measures and a reconciliati
Slide 4: Today’s Speakers and Agenda
Today’s Speakers and Agenda Steve Haymore 9:00 AM Welcome Investor Relations Ali El-Haj Building a Higher-Growth, Higher-Performing Rogers Chief Executive Officer Advanced Electronics Solutions (AES): Nate Brese Leveraging Proven Capabilities In High-Growth Adjacencies Sr. Director, AES Elastomeric
Slide 5: Building a Higher-Growth, Higher-Performing Rogers
Building a Higher-Growth, Higher-Performing Rogers Ali El-Haj President and Chief Executive Officer 5
Slide 6: A Clear Path to Accelerated Growth and Higher Profitability
A Clear Path to Accelerated Growth and Higher Profitability Operational Robust Growth Extending Proven Significant Operating Transformation Outlook Capabilities Leverage Building a leaner, faster and Opportunities in core Leveraging proven products, Margin and earnings higher-growth Rogers markets a
Slide 7: Our Plan to Achieve Transformational Growth by 2030
Our Plan to Achieve Transformational Growth by 2030 $1.05B in 2028 $1.5B in 2030 Strategic Pillars $100M High Growth $450M High Growth 1 Extending established capabilities to adjacent growth opportunities High-Growth 2 Differentiated performance of Opportunities adjacent offerings validated by custo
Slide 8: A Global Leader in High-Performance Engineered Materials
A Global Leader in High-Performance Engineered Materials DIVERSIFIED, MISSION-CRITICAL END MARKETS 190+ ~3,000 OTHER Years of History Global Employees ELECTRONICS & INDUSTRIAL COMMUNICATIONS 6% ▪ General Industrial ▪ Consumer Electronics 16% ▪ Renewable Energy $811 Million ~2,800 ▪ Wireless Infra. 3
Slide 9: Solving Complex Challenges with Highly Engineered Materials and Products
Solving Complex Challenges with Highly Engineered Materials and Products Operating Segments ADVANCED ELECTRONICS SOLUTIONS ELASTOMERIC MATERIAL SOLUTIONS High-performance polymers — foams, sponges, tapes, Solving design issues in RF signal integrity, thermal composites and films, formulated to meet
Slide 10: Why Leading Innovators Choose Rogers
Why Leading Innovators Choose Rogers Strong Brand Broad Product Global Application & Mission-Critical Recognition Portfolio Footprint Development Reliability Expertise Decades of proven Solutions tailored to Operations in North Tailored solutions to Exceptional field performance a wide breadth of Am
Slide 11: Decades of Managing the Toughest Design Challenges
Decades of Managing the Toughest Design Challenges CONNECTIVITY THERMAL POWER PRESSURE AUTOMOTIVE LIQUID RENEWABLE DATA CENTERS RADAR COOLING ENERGY 1960s 2000s 2010s 2020s AEROSPACE WIRELESS SMARTPHONES ELECTRIC & DEFENSE BASE STATIONS VEHICLES All underpinned by mission-critical reliability 11
Slide 12: Global Scale, Local Support
Global Scale, Local Support Capabilities to support an increasingly regionalized marketplace Manufacturing Locations Sales and Technical Support Offices Blackburn, UK Carol Stream, IL Eschenbach, Germany Ansan, South Korea Narragansett, RI Budapest, Hungary Woodstock, CT Suzhou, China Multi Site Cha
Slide 13: Market Strategy Built on Trusted Customer Relationships
Market Strategy Built on Trusted Customer Relationships Customer Intimacy IMPROVEMENTS IN PROGRESS Enhancing cross-selling opportunities Cross-Sell the Identify ▪ Aligning capabilities to Rogers Portfolio Unmet Need industry verticals (data CUSTOMER center, automotive) INTIMACY ▪ Improved, cross pro
Slide 14: Building on Strengths to Create a Higher-Performing Rogers
Building on Strengths to Create a Higher-Performing Rogers Foundational Strengths Areas Of Intensifying Focus Strong Brand Recognition Customer Engagement Broad Product Portfolio Accelerated Innovation Global Footprint Speed of Execution Application & Development Simplified Organization Expertise St
Slide 15: Demonstrating Significant Improvement in 2026 Results
Demonstrating Significant Improvement in 2026 Results Initial progress towards growth targets SALES ADJUSTED EBITDA MARGIN ADJUSTED EPS ($ in millions) ~$870 ~$3.80 ~17.2% 14.2% $811 $2.39 FY 2025 FY 2026 FY 2025 FY 2026 FY 2025 FY 2026 Estimate Estimate Estimate 15 See appendix for additional infor
Slide 16: Core Technologies Are Aligned With Secular Growth Trends
Core Technologies Are Aligned With Secular Growth Trends AI DATA CENTERS AEROSPACE & DEFENSE ▪ Increasing power SUPERCYCLE density ▪ Defense modernization ▪ Rising transmission ▪ Munition replenishment speeds ▪ Record commercial ▪ Demanding reliability aero backlogs Connectivity ENERGY TRANSITION Th
Slide 17: Attractive Core Markets Drive ~5% Growth Through 2030
Attractive Core Markets Drive ~5% Growth Through 2030 ELECTRONICS & AEROSPACE & DEFENSE AUTOMOTIVE INDUSTRIAL COMMUNICATIONS End Markets Continued xEV growth Growth Defense modernization Supply localization Premium smartphones Increasing levels of vehicle Drivers Record OEM backlogs Factory automati
Slide 18: Significant Upside From High-Growth Adjacencies
Significant Upside From High-Growth Adjacencies DATA CENTERS BATTERY TECHNOLOGY EMI SHIELDING AI Data Center Solutions Energy Storage, EVs A&D, Auto, Electronics Signal Integrity Advanced Solutions for Thermal Leveraging Conductive Chip Cooling Runaway Protection (TRP) Elastomer Technology 18
Slide 19: From Grid to Chip: Enabling Critical AI Data Center Performance
From Grid to Chip: Enabling Critical AI Data Center Performance SITE INFRASTRUCTURE SERVER ROOM SERVER RACK ▪ BESS pressure management ▪ Environmental seals ▪ Reducing signal loss ▪ HVAC sealing and vibration control ▪ Noise reduction ▪ Direct-to-chip cooling ▪ Grid-to-building power conversion ▪ Vi
Slide 20: Battery Solutions Drive the Next Leg of Automotive Growth
Battery Solutions Drive the Next Leg of Automotive Growth Strongest Growth Potential With Solutions Addressing Thermal Runaway Protection BATTERY SYSTEMS Thermal runaway protection (TRP) – SEALING, NVH1, THERMAL Cell pads – Sealing systems – Venting A/C seals – Dashboard noise control – Highest Cont
Slide 21: Our Plan to Achieve Transformational Growth by 2030
Our Plan to Achieve Transformational Growth by 2030 $1.05B in 2028 $1.5B in 2030 $100M High Growth $450M High Growth High Growth Opportunities Sales CAGR 13% Core End Markets 5% CAGR 2025 2028 2030 Focused high-growth opportunities accelerate our growth trajectory 21
Slide 22: 2030 Target: Growth and Operating Leverage Drive Transformational Earnings Power
2030 Target: Growth and Operating Leverage Drive Transformational Earnings Power Organic Margin Earnings Inorganic Growth Expansion Growth Growth 13% 26% $14.00 PERIODIC Revenue CAGR Adj. EBITDA Margin Adj. Earnings per Share 2025 to 2030 in 2030 in 2030 ▪ Core Markets Grow ▪ Improved utilization ▪
Slide 23: Advanced Electronics Solutions
Advanced Electronics Solutions Leveraging Proven Capabilities in High-Growth Adjacencies Nate Brese, PhD Senior Director, Advanced Electronics Solutions 23
Slide 24: Key Messages
Key Messages DIFFERENTIATED CAPABILITIES 1 Track record of innovation in connectivity, thermal management and power electronics ENTRENCHED POSITIONS 2 Strong customer relationships built on materials, applications and systems expertise ADJACENT GROWTH OPPORTUNITIES 3 Leveraging core capabilities to
Slide 25: AES Operating Segment Overview
AES Operating Segment Overview SEGMENT HIGHLIGHTS 2025 SALES BY END MARKET Solving Design Issues In… AUTOMOTIVE AEROSPACE & DEFENSE ▪ Thermal Management ▪ RF Signal Sensitivity & Integrity ▪ Complex Power Handling ▪ Electric Vehicles ▪ Power Conversion Efficiency ▪ Primarily ▪ ADAS 2025 Sales Defens
Slide 26: Advancing Next-Generation Communications
Advancing Next-Generation Communications Radio Frequency Solutions WHAT WE MAKE WHAT WE ENABLE WHAT WE SOLVE ▪ Specialty copper clad laminates Exceptional system range and resolution • Highest volume products are RO3000® Maximum signal strength and RO4000® series laminates Proven consistency and rel
Slide 27: Solving Thermal Management and Efficient Power Conversion
Solving Thermal Management and Efficient Power Conversion curamik® Substrates And ROLINX® Busbars WHAT WE MAKE WHAT WE ENABLE WHAT WE SOLVE ▪ Metalized ceramic substrates Thermal stability and heat dissipation for • Packaging of power semis in modules power semiconductor packaging ▪ Micro-channel co
Slide 28: Electrification and ADAS Driving Mid-Single-Digit Growth
Electrification and ADAS Driving Mid-Single-Digit Growth Content per vehicle increases with the degree of electrification TRENDS AND GROWTH DRIVERS ROGERS ADVANTAGE Entrenched Positions Vehicle with key OEM and Electrification Tier 1 partnerships ▪ 12% CAGR in BEV/PHEV units to 20301 Strong Brand Re
Slide 29: A&D: Core Strengths and Secular Tailwinds Lead to High-Single-Digit Growth
A&D: Core Strengths and Secular Tailwinds Lead to High-Single-Digit Growth TRENDS AND ROGERS GROWTH DRIVERS ADVANTAGE Increasing Defense Budget Entrenched Positions with leading prime contractors Strong Emphasis on Regionalization Strong Brand Recognition Sustained Demand for Inventory with 60+ year
Slide 30: AI Data Centers Create Two Large Content Opportunities
AI Data Centers Create Two Large Content Opportunities Rogers Solves AI Chip Cooling ▪ Direct-to-chip cooling solution designed to utilize existing liquid cooling infrastructure ▪ Coolers customized for each unique chip package within a tray Cross section: multi-layer high speed backplane Rogers Sol
Slide 31: Data Center Signal Integrity Is an Increasing Industry Challenge
Data Center Signal Integrity Is an Increasing Industry Challenge As data rates rise, signal reach declines; forcing a shift to lower-loss materials Higher Data Rates Driven Signal Loss Increases Low-Loss Materials Solve 1 By Increasing AI Workloads1 2 As Dates Rates Rise2 3 Challenge of Signal Loss
Slide 32: Higher-Speed AI Systems Drive Need for Low-Loss Materials
Higher-Speed AI Systems Drive Need for Low-Loss Materials Addressing signal loss as AI system architectures demand higher-performance laminates ROGERS SOLUTION ROGERS ADVANTAGE Performance Advantage ▪ Materials preserve signal across larger, more complex boards with outstanding signal fidelity, exce
Slide 33: Solving AI Chip Cooling Challenges
Solving AI Chip Cooling Challenges Enabling higher compute density with a more efficient, direct-to-chip cooling solution INDUSTRY CHALLENGE ROGERS SOLUTION ROGERS ADVANTAGE Proven Micro-Channel Technology Addresses AI’s ▪ Higher AI chip power density requires Escalating Cooling Challenge: Coolant C
Slide 34: Conclusion
Conclusion 1 Rogers has durable technology positions in mission-critical applications Automotive and A&D provide attractive growth opportunities, supported by 2 established technology positions 3 AI data centers add two material opportunities for growth Rogers Positioned To Grow In Key Areas: AEROSP
Slide 35: Elastomeric Material Solutions
Elastomeric Material Solutions Enabling Performance in the Most Demanding Applications Brian Ninness, PhD Vice President, Elastomeric Material Solutions 35
Slide 36: Key Messages
Key Messages DIFFERENTIATED CAPABILITIES 1 A track record of innovation in sealing, impact protection, pressure management and durability ENTRENCHED POSITIONS 2 Strong customer relationships built on materials, systems and applications expertise ADJACENT GROWTH OPPORTUNITIES 3 Leveraging core capabi
Slide 37: EMS Operating Segment Overview
EMS Operating Segment Overview SEGMENT HIGHLIGHTS 2025 SALES BY END MARKET Solving Design Issues In… ELECTRONICS & INDUSTRIAL COMMUNICATIONS ▪ Long-Term Durability ▪ Sensitive System Protection ▪ Harsh-Environment Reliability ▪ Thermal Management ▪ General Industrial ▪ Consumer ▪ Mass Transit Electr
Slide 38: Setting the Standard for Performance and Reliability
Setting the Standard for Performance and Reliability WHAT WE MAKE WHAT WE ENABLE WHAT WE SOLVE ▪ Specialty, custom engineered, and Applications that require engineered formulated: materials to meet stringent performance requirements for: • Polyurethane foams • Silicone foams, sponges, solids Industr
Slide 39: Industrial: Secular Tailwinds Across Diverse End Markets Leading to Mid-Single-Digit Growth
Industrial: Secular Tailwinds Across Diverse End Markets Leading to Mid-Single-Digit Growth SELECT INDUSTRIAL END MARKETS MARKET DRIVERS INDUSTRIAL AUTOMATION SEMICONDUCTOR MEDICAL DEVICES PROCESS CONSUMABLES Robotics – Smart factories AI INFRASTRUCTURE Data Centers – Power – Cooling HVAC SYSTEMS IN
Slide 40: Consumer Electronics: Focus on Premium Devices Leading to Expected Mid-Single-Digit Growth
Consumer Electronics: Focus on Premium Devices Leading to Expected Mid-Single-Digit Growth EXAMPLE OF ROGERS CONTENT IN A PREMIUM SMARTPHONE TARGETED DEVICES GROWTH DRIVERS Display Back Pad Camera Cushioning Back Cover Vibration Control Premium ▪ Premiumization Camera Sealing Cover Glass Smartphones
Slide 41: Automotive: Electrification and Safety Requirements Driving Mid-Single-Digit Growth
Automotive: Electrification and Safety Requirements Driving Mid-Single-Digit Growth Content per vehicle increases with degree of electrification Venting ROGERS TRENDS AND ADVANTAGE GROWTH DRIVERS Entrenched Positions Cell Pads with key OEM and Tier 1 / TRP partnerships Vehicle Electrification Strong
Slide 42: Building On Existing Strengths to Grow in New Applications
Building On Existing Strengths to Grow in New Applications Rogers end markets are becoming more thermally and electrically demanding THERMAL RUNAWAY PROTECTION EMI SHIELDING MATERIALS ROGERS ADVANTAGE Base materials, already at scale silicone, polyurethane, PTFE OEM Relationships leveraging establis
Slide 43: High-Growth Opportunity: Thermal Runaway Protection (TRP)
High-Growth Opportunity: Thermal Runaway Protection (TRP) Engineered barrier materials are increasingly essential to stop TRP in both EVs and BESS1 SAME CHALLENGE: SUPPRESS CELL-TO-CELL THERMAL RUNAWAY TARGETED APPLICATIONS EV Battery Battery Energy Storage Systems Focus on Passenger Safety Focus on
Slide 44: A Comprehensive Material Solution to Address Battery Performance and TRP
A Comprehensive Material Solution to Address Battery Performance and TRP EVERYDAY OPERATION ONE BATTERY SYSTEM RARE FAILURE EVENT Pressure Management TWO CRITICAL JOBS Thermal Runaway Protection COMPRESSION PAD FIRE BARRIER Maintains controlled pressure as Manage Change Contain Failure Immediate pro
Slide 45: High-Growth Opportunity: EMI Shielding Materials
High-Growth Opportunity: EMI Shielding Materials Electrically conductive elastomers for EMI shielding and environmental sealing SAME CHALLENGE: BLOCK EMI & SEAL AGAINST HARSH ENVIRONMENT TRENDS & DRIVERS LEO SATELLITE BESS ON-BOARD CHARGER Electrification Electronics Enclosure Electronics Enclosure
Slide 46: A Comprehensive Material Solution for Environmental Sealing and EMI Shielding
A Comprehensive Material Solution for Environmental Sealing and EMI Shielding SEALING ONE SYSTEM EMI SHIELDING TWO CRITICAL JOBS Block electromagnetic Protect against harsh environments interference Protect System Block Interference WATER / MOISTURE RADIO FREQUENCIES DUST / PARTICULATES WIRELESS SIG
Slide 47: Conclusion
Conclusion Differentiated capabilities and a track record of innovation in sealing, impact 1 protection, pressure management and durability Industrial, consumer electronics and automotive provide attractive growth 2 opportunities, supported by established technology positions 3 Leveraging core capab
Slide 48: Financial Strategy
Financial Strategy Laura Russell Senior Vice President, Chief Financial Officer and Treasurer 48
Slide 49: Compelling Financial Objectives
Compelling Financial Objectives REVENUE $1.5B ADJ EBITDA 26% ADJ EPS $14.00 $1.5B 13% +1200 ~6X CAGR bps higher 2025 2028 2030 2025 2028 2030 2025 2028 2030 Core High Growth Total Rogers Total Rogers 49 See appendix for additional information on forward looking non-GAAP financial measures and reconc
Slide 50: Financial Framework
Financial Framework Growth and profitability expand the capacity to reinvest and return capital 01 – GROWTH 02 – PROFITABILITY 03 – LIQUIDITY Win in attractive Convert growth into Expand strategic markets earnings capacity ▪ Outperform in core ▪ Use VoC to sharpen the ▪ Reinvest in organic growth ma
Slide 51: Significant Progress on Cost Reductions
Significant Progress on Cost Reductions Structural and operational actions are translating into measurable operating leverage Gross Adjusted Adjusted Actions supporting sustainable improvement Margin % OpEx % EBITDA % Q1’26 32.2% 22.6% 16.0% ▪ Manufacturing consolidation STRUCTURAL ▪ R&D site consol
Slide 52: Path To $1.5B In Sales By 2030
Path To $1.5B In Sales By 2030 Led by high-growth opportunities as core markets grow at 5% CAGR Sales: 13% CAGR $1.5B 20% CAGR $0.45B 9% CAGR $1.05B $0.8B $0.1B $1.05B $0.9B 2025 2028 2030 Core Growth High-Growth Opportunities 52 Amounts may not sum due to rounding.
Slide 53: Growth and Innovation Drive EBITDA Margin Expansion
Growth and Innovation Drive EBITDA Margin Expansion EBITDA: 14% to 26% ~26% + High-growth revenue expansion ~21% + Operational efficiency + OpEx % reduction + Operational efficiency + Revenue expansion / 14.2% utilization + OpEx % reduction 2025 2028 2030 53 See appendix for additional information o
Slide 54: Strong Balance Sheet Provides Financial Flexibility
Strong Balance Sheet Provides Financial Flexibility Financial Summary CASH & ST INVESTMENTS TREND ($M as of Jun 30, 2026) Cash & ST Investments $211 $211 $197 $160 Debt $0 $132 Borrowing Capacity Under Revolver $450 2023 2024 2025 2026 Q2 Disciplined capital deployment driving cash growth 54
Slide 55: Disciplined Capital Allocation Supports Sustainable Value Creation
Disciplined Capital Allocation Supports Sustainable Value Creation INVEST FOR ENHANCE MAINTAIN RETURN EXCESS GROWTH CAPABILITIES FLEXIBILITY CAPITAL ▪ Capacity expansion ▪ Strategic M&A ▪ Strong liquidity ▪ Opportunistic ▪ Manufacturing scale ▪ Adjacent technologies ▪ Capacity to act through repurch
Slide 56: Framework for Disciplined, Value-Creating Acquisitions
Framework for Disciplined,Value-Creating Acquisitions Targeting bolt-on acquisitions that complement the organic business, and add new capabilities Attractive Market 1 Attractive Target Market ▪ Existing or adjacent segments ▪ Market growth meets Rogers’ aspirations ▪ Strong OEM relationships and en
Slide 57: Mid and Long-Term Financial Targets
Mid and Long-Term Financial Targets 2025 RESULTS 2028 TARGETS 2030 TARGETS KEY ASSUMPTIONS $1.05B ▪ Growth accelerates in 2029 Sales $0.8B $1.5B and 2030 with high-growth +/- $50M opportunities ▪ Core markets grow at mid- Adjusted 20.5% single digit rate 14.2% 26.0% EBITDA % +/- 50 bps ▪ Operating e
Slide 58: Break
Break 58
Slide 59: Q&A Session
Q&A Session CORPORATION
Slide 60: Building a Higher-Growth, Higher-Performing Rogers
Building a Higher-Growth, Higher-Performing Rogers 1 Robust Growth Outlook built on attractive core markets and high growth adjacencies in data centers, TRP and EMI shielding 2 Extending Proven Capabilities in products, manufacturing, supply chain and customer relationships to accelerate growth 3 Si
Slide 61: ©2026 Rogers Corporation. All Rights Reserved.
61 ©2026 Rogers Corporation. All Rights Reserved.
Slide 62: Appendix
Appendix CORPORATION
Slide 63: Speaker Bios
Speaker Bios Ali El-Haj President and CEO Ali El-Haj was appointed Rogers’ President and Chief Executive Officer and a member of the Board of Directors in May 2026. He previously served as Interim President and Chief Executive Officer of the Company from July 2025 to May 2026. Ali is a seasoned CEO
Slide 64: Speaker Bios
Speaker Bios Laura Russell Senior Vice President and CFO Laura Russell joined Rogers in 2023 as Vice President of Finance. She was appointed Senior Vice President, Chief Financial Officer and Treasurer in 2024. In this role, she is responsible for the company’s financial strategy, control and compli
Slide 65: Speaker Bios
Speaker Bios Nate Brese, PhD Senior Director Advanced Electronics Solutions Nathaniel “Nate” Brese joined Rogers in 2024 with 30 years of experience in electronic materials spanning semiconductor, circuit board, electronic packaging, optics, and display. He leads the AES Marketing organization which
Slide 66: Speaker Bios
Speaker Bios Brian Ninness, PhD Vice President Elastomeric Material Solutions Brian Ninness joined Rogers in 2019 as the Director of Strategic Marketing for Elastomeric Materials Solutions. He subsequently held the role of Vice President of Corporate Strategy, prior to his current role as Vice Presi
Slide 67: Non-GAAP and Additional Information
Non-GAAP and Additional Information Non-GAAP Information This presentation contains historical non-GAAP financial measures, including Adjusted Operating Expenses, Adjusted EBITDA Margin and Adjusted Earnings per Share. See the Appendix for a description of these financial measures and a reconciliati
Slide 68: 2025: Adjusted Earnings Per Diluted Share Reconciliation
2025: Adjusted Earnings Per Diluted Share Reconciliation 2025 GAAP Loss Per Diluted Share ($3.40) Acquisitions and Divestiture Related Costs: Intangible Amortization $0.60 Restructuring, Business Realignment and Other Cost Saving Initiatives: Restructuring, Severance, Impairment and Other Related Co
Slide 69: 2025: Adjusted EBITDA and Margin Reconciliation
2025: Adjusted EBITDA and Margin Reconciliation ($ in millions) 2025 GAAP Loss ($61.8) Acquisitions and Divestiture Related Costs: Intangible Amortization $11.0 Restructuring, Business Realignment and Other Cost Saving Initiatives: Restructuring, Severance, Impairment and Other Related Costs $97.1 I
Slide 70: Adjusted Operating Expenses Reconciliation
Adjusted Operating Expenses Reconciliation ($ in millions) Q2 2026 Q1 2026 Q3 2025 Q2 2025 Q1 2025 GAAP Operating Expenses $50.4 $53.9 $56.7 $131.5 $57.3 Intangible Amortization ($2.6) ($2.7) ($2.8) ($2.7) ($2.7) Restructuring, Severance, Impairment and Other Related Costs ($0.7) ($5.9) ($7.1) ($76.
Slide 71: Adjusted EBITDA and Margin Reconciliation
Adjusted EBITDA and Margin Reconciliation ($ in millions) Q2 2026 Q1 2026 Q3 2025 Q2 2025 Q1 2025 GAAP Net Income (Loss) $13.6 $4.5 $8.6 ($73.6) ($1.4) Intangible Amortization $2.6 $2.7 $2.8 $2.7 $2.7 Restructuring, Severance, Impairment and Other Related Costs $0.7 $5.9 $7.1 $76.1 $5.9 Interest (In