CHANDLER, AZ – Rogers announced net sales of $210.3 million for the third quarter, a decrease of 1.8% from the same quarter last year.

The company said the slight decrease came as a result of lower sales in its AES and EMS business units.

"Third-quarter results were mixed with earnings that exceeded our guidance expectations and sales that were below the low end of our outlook," said president and CEO Colin Gouveia. "The higher earnings resulted from our ongoing focus on operational improvements, improved product mix, and careful expense management. Sales for the quarter were lower than expected due to softer EV/HEV demand and a lower seasonal peak in portable electronics sales. Looking ahead to the fourth quarter, we expect sales to decline due to typical seasonality and deferred ordering as customers manage year-end inventory levels. We continue to execute our focused strategy to position Rogers for the long-term, as highlighted by the ribbon-cutting ceremony at our new power substrate factory in China, which is targeted to growth opportunities in the EV/HEV, renewable energy, and industrial markets."

For the fourth quarter, the company expects sales of $185 million to $200 million.

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