ROGERS, CT -- Rogers Corp. said fourth-quarter printed circuit materials sales rose 19.1% year-over-year to $35.5 million on higher demand in the wireless infrastructure market as the global roll-out of 3G and 4G systems remained strong.

Defense and satellite TV markets were stable while sales into automotive safety radar sensors increased significantly, the laminate maker said.

For the quarter, overall revenues were $97.3 million, topping previous company guidance of $91 million to $96 million and up 25% over a year ago. Net income was $10.5 million, up 50% from a year ago.

Net sales for 2010 were $379.2 million, up 30% year-over-year. Gross margin was 36.1% for the year, a company record and up from 27.2%. Net income was $34.6 million, up from a loss of $62.9 million.

Rogers is bringing on new capacity in several regions for its printed circuit materials. This quarter, it expects to complete a new factory in Suzhou, and add more than 25% in custom product capacity at its Arizona site, said president and CEO Robert D. Wachob.

Submit to FacebookSubmit to Google PlusSubmit to TwitterSubmit to LinkedInPrint Article