ROG · 10-Q · 2026Q1 · Full report
Income Tax Rate Changes
ROGERS CORP · 2026-04-29 · Importance 84 · Surprise 100
Rogers reported an effective tax rate of 60.2% in Q1 2026, resulting in income tax expense of $6.8 million compared to a tax benefit of $0.2 million in Q1 2025. The quarter-over-quarter increase was primarily driven by an increase in the valuation allowance attributable to loss jurisdictions where no tax benefit is anticipated to be realized. Management contrasts the current rate to the 21% U.S. statutory federal rate and notes the Q1 2025 effective rate (12.5%) was influenced by an immaterial tax benefit on a small loss before taxes. The $6.8 million tax expense in Q1 2026 is a material P&L impact for the quarter.
Key facts
- Income tax expense for the first quarter of 2026 was $6.8 million with an effective tax rate of 60.2%.
- The company stated the effective tax rate of 60.2% in Q1 2026 was unfavorably impacted by an increase in the valuation allowance attributable to loss jurisdictions where no tax benefit is anticipated to be realized.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | — | The company stated the effective tax rate of 60.2% in Q1 2026 was unfavorably impacted by an increase in the valuation allowance… |