Slide 1: Q1 2026 Earnings Call
Q1 2026 Earnings Call APRIL 28, 2026 1
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 includes the following financial measures that are not presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”): (1) Adjusted operating expenses, which the Company defines
Slide 4: Key Messages For The Quarter
Key Messages For The Quarter • All financial metrics met or exceeded the mid-point of Q1 guidance. Q1 2026 Highlights • Sales +5%, Adj. EPS +178%, Adj. EBITDA margin +580 bps YoY. • Sales +6%, Adj. EBITDA margin +590 bps YoY at guidance mid-point. Q2 2026 Outlook • Higher YoY sales in automotive, in
Slide 5: Q1 2026 Sales By End Market
Q1 2026 Sales By End Market Market % of Sales 1 Comments versus Q1’25 results EMS industrial sales increased at a double-digit rate year over year with Industrial2 37% stronger sales in the U.S. and Europe across multiple sub-markets. Mass transit sales improved with strength in rail applications. L
Slide 6: 2026 Focus Areas
2026 Focus Areas Profitability Growth Objectives Capital Allocation Improvement • Several design wins in Q1, • Improved cost and operating • Increased focus on M&A including EV battery and ADAS performance across global opportunities applications. operations; restructuring activities remain on track
Slide 7: Financial Summary
Financial Summary (in millions, except for EPS) Q1’26 Q4’25 Q1’25 Net sales $200.5 $201.5 $190.5 Q1’26 Sales +5% YoY. $7.9M FX benefit. AES sales +3.4% YoY. Higher electronics & comms Gross margin % 32.2% 31.5% 29.9% and industrial markets. $5.3M FX benefit. Net income (loss) $4.5 $4.6 $(1.4) EMS sa
Slide 8: Q1 2026 Adjusted EBITDA
Q1 2026 Adjusted EBITDA* $1.9 ($ in millions) $1.8 $7.9 $2.3 $32.0 $1.4 17.3% $19.5 10.2% 16.0% Q1'25 Volume / Mix New factory Operational Adjusted Other income Q1'26 performance excellence operating (expense) expenses1 A d ju ste d EBITDA Im p ro vem ent D ri ve n By H i gh e r Vo l u m e A n d P r
Slide 9: Q1 2026 Cash Utilization
Q1 2026 Cash Utilization $32.0 ($ in millions) $4.7 $13.2 $8.0 $7.3 $197.0 $195.8 Dec 31, 2025 Adj. EBITDA 1 Capex Working capital change 2 Cash taxes Restructuring and other Mar 31, 2026 Cash paid Cash Bal an c e Sh e et Re m ai n s S t ro n g w i t h $ 1 9 6 M i n N et Cas h 1 - See reconciliation
Slide 10: Q2 2026 Guidance
Q2 2026 Guidance Q2 2026 Net Sales $210M to $220M Sales midpoint of $215M increasing 6% YoY Gross Margin 32.5% to 33.5% Adjusted Earnings Per Diluted Share $0.90 to $1.10 Adj. EBITDA midpoint of $38M or 17.7% of Adjusted EBITDA $35M to $41M sales is improving 590 bps YoY 2026 Capital Expenditures $3
Slide 11: Appendix
\ Appendix ROGERS CORPORATION, i
Slide 12: Historical Sales By End Market
Historical Sales By End Market Q1 2025 FY 2025 Market % o f Sales 1 % o f Sales 1 Industrial2 36% 36% Automotive3 27% 26% Electronics & Communications4 15% 16% Aerospace & Defense 16% 16% 1 – Percentages reflect year-to-date sales and are approximate. 2 – Includes general industrial, renewable energ
Slide 13: Q1 2026: Adjusted Operating Expenses Reconciliation
Q1 2026: Adjusted Operating Expenses Reconciliation* ($ in millions) Q1 2026 Q4 2025 Q1 2025 GAAP Operating Expenses $53.9 $56.3 $57.3 Acquisitions and Divestiture Related Costs: Acquisitions and Related Integration Costs - - - Dispositions - - - Intangible Amortization ($2.7) ($2.8) ($2.7) (Gain) L
Slide 14: Q1 2026: Adjusted Earnings Per Diluted Share Reconciliation
Q1 2026: Adjusted Earnings Per Diluted Share Reconciliation Q1 2026 Q4 2025 Q1 2025 GAAP Earnings (Loss) Per Diluted Share $0.25 $0.26 ($0.8) Acquisitions and Divestiture Related Costs: Acquisitions and Related Integration Costs - - - Dispositions - - - Intangible Amortization $0.15 $0.16 $0.15 (Gai
Slide 15: Q1 2026: Adjusted EBITDA and Margin Reconciliation
Q1 2026: Adjusted EBITDA and Margin Reconciliation ($ in millions) Q1 2026 Q4 2025 Q1 2025 GAAP Net Income (Loss) $4.5 $4.6 ($1.4) Acquisitions and Divestiture Related Costs: Acquisition and Related Integration Costs - - - Dispositions - - - Intangible Amortization $2.7 $2.8 $2.7 (Gain) Loss on Sale
Slide 16: Q1 2026: Free Cash Flow Reconciliation
Q1 2026: Free Cash Flow Reconciliation ($ in millions) Q1 2026 Q4 2025 Q1 2025 Net Cash Provided By Operating Activities $5.8 $46.9 $11.7 Non-Acquisition Capital Expenditures ($4.7) ($4.7) ($9.6) Free Cash Flow $1.1 $42.2 $2.1 Note: dollars may not add due to rounding. 16 *Free cash flow defined as