ROGERS, CT – Rogers Corp. reported all time record quarterly sales of $136.1 million for the first quarter of 2011, up 62.2% year-over-year.

Net income for the period was $9.4 million, up 36.2% compared to the first quarter of 2010.

Sales of printed circuit materials totaled $42.9 million, up 24% year-over-year. Sales were bolstered by increased demand for high-frequency circuit materials for applications in the wireless infrastructure market, the firm says. Also, there was significant demand for printed circuit material products into the automotive market for radar sensors for safety applications.

Rogers ended the first quarter with cash and short-term investments of $66.1 million; long-term debt was $145 million.

On Jan. 4, Rogers announced it had closed the transaction to acquire Curamik Electronics, manufacturer of power electronic substrate products. The company has since realigned its segment reporting structure. The structure now consists of core strategic businesses: high performance foams, printed circuit materials, and the new power electronics solutions, which combines three operating segments: power distribution systems, thermal management systems, a startup venture, and Curamik Electronic Solutions. The company’s remaining operating segments will be aggregated as "Other".

The firm expects second-quarter sales between $134 million and $140 million.

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