ROGERS, CT – Rogers Corp. reported record sales for the second quarter of $143.7 million, up nearly 49% year-over-year, exceeding company guidance.
Net income for the quarter was $12.1 million, up 46% year-over-year.
For the first six months of 2011, the company reported net sales of $279.7 million, up 55% compared to the same period in 2010. Net income was $21.6 million, up 42% year-over-year.
Sales of printed circuit materials totaled $43.4 million in the second quarter, up 29.2% compared to the same quarter of 2010. The increase was fueled by robust demand in the wireless infrastructure market, primarily due to the global expansion of 3G and 4G systems, the firm says.
Radar applications for high reliability and automotive remained strong. Sales and design activity for new programs in wireless antennas continued at a brisk pace. The company's high-speed digital Theta products have completed qualification by a major OEM and have now been released to new program designers.
“The Curamik acquisition continues to exceed our expectations, and our new printed circuit materials facility in Suzhou, China, began small-scale production in June. My current expectation for the third quarter of 2011 is for sales of between $144 million and $149 million,” said Robert D. Wachob, Rogers' president and CEO.