ROGERS, CT -- Rogers today announced fourth quarter sales at its Advanced Connectivity Solutions unit rose 12.4% year-over-year to $71.7 million.

The company attributed the growth to demand for high frequency circuit materials for automotive advanced driver assistance systems, aerospace/defense, and 4G LTE applications.

Sales were unfavorably impacted by $800,000 due to fluctuations in currency exchange rates.

Overall fourth quarter net sales were $173 million, up 13% from a year ago and exceeding company guidance of $155 million to $165 million. Net sales were unfavorably impacted by $2.2 million as a result of currency fluctuations.

Net income was $11.9 million, up from $6.6 million in the fourth quarter 2015. Adjusted EBITDA was $32.7 million for the fourth quarter, an increase as compared to $26.3 million. Gross margin was 38.6%, up 220 basis points, while operating margin rose 230 basis points to 10.3%.

For the year, net sales rose to $656.3 million from $641.4 million, which included $18.6 million from divested non-core assets. Net sales were unfavorably impacted by $7.8 million as a result of currency fluctuations, offset in part by the November 2016 acquisition of Dewal Industries.

Net income was $48.3 million, up 4.3%, and adjusted EBITDA rose 5.2% to $130.1 million. Gross margin was 38% in 2016, up 130 basis point, and operating margin was up 70 basis points to 12.8%.

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