ROGERS, CT – Rogers Corp. reported fourth quarter 2015 record net sales of $152.9 million, up 3.5% year-over-year.

These results include $26.6 million of net sales from the acquired Arlon business. Net sales were unfavorably impacted by approximately $5.2 million of negative currency fluctuations, primarily related to the decline in the value of the Euro, the firm said.

EBITDA for the period was $28.2 million, down 9.6% compared to the same period in 2014.

Advanced Connectivity Solutions reported record fourth quarter net sales of $63.8 million, an 11% increase compared to the 2014 fourth quarter. Results were favorably impacted by strong growth in high-frequency circuit materials used in automotive advanced driver assistance systems and aerospace and defense applications, which partially offset weaker demand in the 4G LTE base station supply chain, primarily in China.

Elastomeric Material Solutions reported fourth quarter net sales of $42.5 million, down 1% year-over-year. Results were favorably impacted by increases in certain consumer and automotive applications, which partially offset the continued decline in portable electronics.

Power Electronics Solutions reported net sales of $36.7 million for the quarter, a 12% decrease compared to the same quarter in 2014. Results were favorably impacted by increased demand in electric and hybrid-electric vehicles and certain renewable energy applications, which partially offset lower demand in mass transit applications.

Net sales of other products reported for the 2015 fourth quarter were $10 million, an increase of 76.2% year-over-year. This increase was driven by the acquired Arlon related sales of polyimide and thermoset epoxy laminate products of $4 million, or 71.6%.

Net sales for the full year 2015 were a record $641.4 million, a 5% increase from 2014. Full year 2015 net sales included $100 million of net sales from the acquired Arlon business.  

2015 EBITDA was $132.8 million, up 5.6% year-over-year.

“In 2015, Rogers was impacted by the volatile global economy. Despite these market headwinds, we delivered record sales for the year by remaining focused on our growth strategy and on successfully integrating the Arlon business,” said president and CEO Bruce D. Hoechner. “We are encouraged by the growth outlook in our global megatrend markets and in the progress we are making with our operational improvements.”

Rogers projects 2016 first quarter net sales between $148 million and $156 million.

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