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Rogers Reports Flat Q2 Sales

Published: 07 August 2008
 by Staff
ROGERS, CT -- Rogers Corporation announced Q2 2008 sales of $97.7 million. The Q2 2007 sales were $97.9 million.

Printed circuit laminate sales for Q2 2008 were $29.5 million, down approximately 12% from Q2 2007. High frequency materials experienced weaker demand in low noise block down converters (LNB’s) for the Satellite TV market and in chip packaging materials for a large customer.  

Rogers continued to see strength in the high reliability markets for its high frequency advanced circuit material products in radar and guidance system devices.

Rogers is expanding manufacturing capacity of high frequency advanced circuit materials on its Suzhou, China campus. This new facility is anticipated to be in production in 2010.  

Rogers’ president and CEO Robert D. Wachob commented; “Second quarter results were in line with expectations and even though year-over-year quarterly sales were basically constant, we did significantly better on the bottom line this quarter. Rogers is debt-free with strong cash flow and profits and is developing many new products to meet the growing needs of our customers. As a result, I believe we are well positioned to meet the challenges that lie ahead.”
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