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Operating Segment Information | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Operating Segment Information | Operating Segment Information Our reporting structure is comprised of the following strategic operating segments: AES and EMS. The remaining operations, which represent our non-core businesses, are reported in the Other operating segment. We believe this structure aligns our external reporting presentation with how we currently manage and view our business internally. Our CODM is the Chief Executive Officer of Rogers Corporation. The CODM uses gross margin as a reported segment profit or loss measure to evaluate the performance of each business segment, and then leverages this information to decide where to allocate resources and assess how well each segment is performing financially, considering factors like revenue, inventory, and significant expenses specific to that segment. Our AES operating segment designs, develops, manufactures and sells circuit materials, ceramic substrate materials, busbars and cooling solutions for applications in EV/HEV, automotive (e.g., ADAS), aerospace and defense (e.g., antenna systems, communication systems and phased array radar systems), renewable energy (e.g., wind and solar), wireless infrastructure (e.g., power amplifiers, antennas and small cells), mass transit, industrial (e.g., variable frequency drives), connected devices (e.g., mobile internet devices and thermal solutions) and wired infrastructure (e.g., computing and internet protocol infrastructure) markets. Our EMS operating segment designs, develops, manufactures and sells engineered material solutions for a wide variety of applications and markets. These include polyurethane and silicone materials used in cushioning, gasketing and sealing, and vibration management applications for EV/HEV, general industrial, portable electronics, automotive, mass transit, aerospace and defense, footwear and impact mitigation markets; customized silicones used in flex heater and semiconductor thermal applications for EV/HEV, general industrial, portable electronics, automotive, mass transit, aerospace and defense and medical markets; and polytetrafluoroethylene and ultra-high molecular weight polyethylene materials used in wire and cable protection, electrical insulation, conduction and shielding, hose and belt protection, vibration management, cushioning, gasketing and sealing, and venting applications for EV/HEV, general industrial, automotive, and aerospace and defense markets. Our Other operating segment consists of elastomer components for applications in the general industrial market, as well as elastomer floats for level sensing in fuel tanks, motors, and storage tanks applications in the general industrial and automotive markets. Operating Segment Information The following table presents a disaggregation of revenue from contracts with customers and other pertinent financial information, for the periods indicated; inter-segment sales have been eliminated from the net sales data:
(Dollars in millions) |  | Advanced Electronics Solutions |  | Elastomeric Material Solutions |  | Other |  | Total
Three Months Ended March 31, 2025 |  |  |  |  |  |  |  |
Net sales - recognized over time |  | $ | 38.9 |  |  | $ | 2.1 |  |  | $ | 3.5 |  |  | $ | 44.5 |
Net sales - recognized at a point in time |  | 65.3 |  |  | 80.5 |  |  | 0.2 |  |  | 146.0 |
Total net sales |  | $ | 104.2 |  |  | $ | 82.6 |  |  | $ | 3.7 |  |  | $ | 190.5 |
Cost of sales |  | $ | 75.1 |  |  | $ | 55.9 |  |  | $ | 2.5 |  |  | $ | 133.5 |
Gross margin |  | $ | 29.1 |  |  | $ | 26.7 |  |  | $ | 1.2 |  |  | $ | 57.0 |
Inventories, net |  | $ | 80.5 |  |  | $ | 60.7 |  |  | $ | 1.8 |  |  | $ | 143.0 |
Depreciation expense |  | $ | 4.2 |  |  | $ | 2.8 |  |  | $ | 0.2 |  |  | $ | 7.2 |
Three Months Ended March 31, 2024 |  |  |  |  |  |  |  |
Net sales - recognized over time |  | $ | 46.4 |  |  | $ | 1.8 |  |  | $ | 5.4 |  |  | $ | 53.6 |
Net sales - recognized at a point in time |  | 75.7 |  |  | 83.9 |  |  | 0.2 |  |  | 159.8 |
Total net sales |  | $ | 122.1 |  |  | $ | 85.7 |  |  | $ | 5.6 |  |  | $ | 213.4 |
Cost of sales |  | $ | 87.4 |  |  | $ | 54.4 |  |  | $ | 3.4 |  |  | $ | 145.2 |
Gross margin |  | $ | 34.7 |  |  | $ | 31.3 |  |  | $ | 2.2 |  |  | $ | 68.2 |
Inventories, net |  | $ | 84.3 |  |  | $ | 65.1 |  |  | $ | 1.5 |  |  | $ | 150.9 |
Depreciation expense |  | $ | 4.4 |  |  | $ | 2.1 |  |  | $ | 0.2 |  |  | $ | 6.7 |
Operating Segment Net Sales by Geographic Area The following table presents net sales by our operating segment operations by geographic area for the periods indicated:
(Dollars in millions) |  | Net Sales(1)
Region/Country |  | Advanced Electronics Solutions |  | Elastomeric Material Solutions |  | Other |  | Total
Three Months Ended March 31, 2025 |  |  |  |  |  |  |  |
United States |  | $ | 22.1 |  |  | $ | 33.7 |  |  | $ | 0.9 |  |  | $ | 56.7 |
Other Americas |  | 0.8 |  |  | 3.0 |  |  | — |  |  | 3.8 |
Total Americas |  | 22.9 |  |  | 36.7 |  |  | 0.9 |  |  | 60.5 |
China |  | 33.6 |  |  | 19.9 |  |  | 1.0 |  |  | 54.5 |
Other APAC |  | 12.7 |  |  | 8.0 |  |  | 0.6 |  |  | 21.3 |
Total APAC |  | 46.3 |  |  | 27.9 |  |  | 1.6 |  |  | 75.8 |
Germany |  | 11.6 |  |  | 5.6 |  |  | 0.2 |  |  | 17.4 |
Other EMEA |  | 23.4 |  |  | 12.4 |  |  | 1.0 |  |  | 36.8 |
Total EMEA |  | 35.0 |  |  | 18.0 |  |  | 1.2 |  |  | 54.2 |
Total net sales |  | $ | 104.2 |  |  | $ | 82.6 |  |  | $ | 3.7 |  |  | $ | 190.5 |
Three Months Ended March 31, 2024 |  |  |  |  |  |  |  |
United States |  | $ | 20.4 |  |  | $ | 33.1 |  |  | $ | 1.0 |  |  | $ | 54.5 |
Other Americas |  | 0.6 |  |  | 3.9 |  |  | 0.1 |  |  | 4.6 |
Total Americas |  | 21.0 |  |  | 37.0 |  |  | 1.1 |  |  | 59.1 |
China |  | 34.3 |  |  | 20.4 |  |  | 1.6 |  |  | 56.3 |
Other APAC |  | 23.7 |  |  | 6.6 |  |  | 1.1 |  |  | 31.4 |
Total APAC |  | 58.0 |  |  | 27.0 |  |  | 2.7 |  |  | 87.7 |
Germany |  | 21.9 |  |  | 7.9 |  |  | 0.2 |  |  | 30.0 |
Other EMEA |  | 21.2 |  |  | 13.8 |  |  | 1.6 |  |  | 36.6 |
Total EMEA |  | 43.1 |  |  | 21.7 |  |  | 1.8 |  |  | 66.6 |
Total net sales |  | $ | 122.1 |  |  | $ | 85.7 |  |  | $ | 5.6 |  |  | $ | 213.4 |
(1)Net sales are allocated to countries based on the location of the customer. The table above lists individual countries with 10% or more of net sales for the periods indicated.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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