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Rogers Reports Q1 Revenues Down 10.7%

Published: 01 May 2012
 by Staff

ROGERS, CT – Rogers Corp. announced first-quarter revenues of $121.4 million, down 10.7% year-over-year.

Sales of printed circuit materials totaled $39.4 million, down 8.2% compared to the first quarter of 2011.

Sales into the wireless infrastructure market were weaker in the first quarter of 2012 compared to the year-ago period.

Demand was also soft into high-reliability applications as a result of customer inventory levels being closely managed, the firm says. However, sales increased into automotive radar safety sensors and wireless infrastructure 4G smart antenna applications, where Rogers’ line of new printed circuit materials have been gaining traction, the firm notes.

Rogers ended the first quarter with cash and short-term investments of $93.5 million.

The company expects second-quarter sales in the range of $125 million to $132 million. 

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