Electronic Components & Manufacturing Stocks Q4 Teardown: Rogers (NYSE:ROG) Vs The Rest
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the electronic components & manufacturing stocks, including Rogers (NYSE:ROG) and its peers.
The sector could see higher demand as the prevalence of advanced electronics increases in industries such as automotive, healthcare, aerospace, and computing. The high-performance components and contract manufacturing expertise required for autonomous vehicles and cloud computing datacenters, for instance, will benefit companies in the space. However, headwinds include geopolitical risks, particularly U.S.-China trade tensions that could disrupt component sourcing and production as the Trump administration takes an increasingly antagonizing stance on foreign relations. Additionally, stringent environmental regulations on e-waste and emissions could force the industry to pivot in potentially costly ways.
The 10 electronic components & manufacturing stocks we track reported a mixed Q4. As a group, revenues beat analysts’ consensus estimates by 1.7% while next quarter’s revenue guidance was 1.9% below.
Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 23.3% since the latest earnings results.
Rogers (NYSE:ROG)
With roots dating back to 1832, making it one of America's oldest continuously operating companies, Rogers (NYSE:ROG) designs and manufactures specialized engineered materials and components used in electric vehicles, telecommunications, renewable energy, and other high-performance applications.
Rogers reported revenues of $192.2 million, down 6.1% year on year. This print was in line with analysts’ expectations, but overall, it was a softer quarter for the company with revenue guidance for next quarter missing analysts’ expectations.
"Our results were consistent with our guidance expectations for the fourth quarter,” stated Colin Gouveia, Rogers' President and CEO.
Rogers Total Revenue
The stock is down 39.8% since reporting and currently trades at $53.92.
Created through the 2022 rebranding of II-VI Incorporated, a company with roots dating back to 1971, Coherent (NYSE:COHR) develops and manufactures advanced materials, lasers, and optical components for applications ranging from telecommunications to industrial manufacturing.
Coherent reported revenues of $1.43 billion, up 26.8% year on year, outperforming analysts’ expectations by 4.4%. The business had an incredible quarter with a solid beat of analysts’ EPS estimates.
Coherent Total Revenue
The stock is down 37.8% since reporting. It currently trades at $56.
With roots dating back to 1946 and a focus on components that must perform flawlessly in critical situations, Knowles (NYSE:KN) designs and manufactures specialized electronic components like high-performance capacitors, microphones, and speakers for medical technology, defense, and industrial applications.
Knowles reported revenues of $142.5 million, down 33.8% year on year, falling short of analysts’ expectations by 2.4%. It was a disappointing quarter as it posted revenue guidance for next quarter missing analysts’ expectations.
Knowles delivered the slowest revenue growth in the group. As expected, the stock is down 20.9% since the results and currently trades at $14.44.
With over 90 years of connecting the world's technologies, Amphenol (NYSE:APH) designs and manufactures connectors, cables, sensors, and interconnect systems that enable electrical and electronic connections across virtually every industry.
Amphenol reported revenues of $4.32 billion, up 29.8% year on year. This number beat analysts’ expectations by 5.8%. Zooming out, it was a slower quarter as it recorded full-year revenue guidance missing analysts’ expectations.
Amphenol scored the biggest analyst estimates beat and fastest revenue growth, but had the weakest full-year guidance update among its peers. The stock is down 10.5% since reporting and currently trades at $65.06.
Originally known as Flextronics until its 2016 rebranding, Flex (NASDAQ:FLEX) is a global manufacturing partner that designs, engineers, and builds products for companies across industries from medical devices to solar trackers.
Flex reported revenues of $6.56 billion, up 2.1% year on year. This print topped analysts’ expectations by 5.7%. Overall, it was a very strong quarter as it also produced a solid beat of analysts’ EPS estimates.
The stock is down 25.2% since reporting and currently trades at $30.41.
In response to the Fed’s rate hikes in 2022 and 2023, inflation has been gradually trending down from its post-pandemic peak, trending closer to the Fed’s 2% target. Despite higher borrowing costs, the economy has avoided flashing recessionary signals. This is the much-desired soft landing that many investors hoped for. The recent rate cuts (0.5% in September and 0.25% in November 2024) have bolstered the stock market, making 2024 a strong year for equities. Donald Trump’s presidential win in November sparked additional market gains, sending indices to record highs in the days following his victory. However, debates continue over possible tariffs and corporate tax adjustments, raising questions about economic stability in 2025.
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