CHANDLER, AZ -- Rogers Corp. reported record third-quarter net sales of $206.8 million, up 25% from last year.

The results exceeded previously company guidance of $193 million to $203 million. Currency exchange rates favorably impacted 2017 third quarter net sales by $900,000.

Third quarter net income was $25.5 million, up 58% over a year ago. Adjusted EBITDA was $50.7 million, compared to $34.5 million in 2016.

Gross margin was up 220 basis points to 39.7%, and operating margin rose 510 basis points to 19.1%.

Sales of PCB materials rose 11% to $72.7 million, driven by automotive advanced driver assistance systems (ADAS), aerospace / defense, and higher demand for wireless 4G LTE applications.

"Disciplined execution of our growth strategy led to all-time record net sales and Rogers’ fourth consecutive quarter of double-digit organic growth," said Bruce D. Hoechner, president and CEO. "We saw continued strength in all three of our businesses and across our diverse portfolio of solutions. In addition, our recent acquisitions are performing extremely well. Globally, operational improvements are also contributing to efficiency gains. We look forward to a strong finish in 2017 as we maintain our course and capitalize on the robust tailwinds in many of our key markets."

Rogers guided for fourth quarter net sales of $200 million to $210 million, including a favorable currency exchange rate impact of $3.4 million versus the 2016 fourth quarter.

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