ROGERS, CT -- Rogers Corp. today announced second-quarter sales at its Printed Circuit Materials business unit rose 12.5% from last year to $45.6 million on strong demand for high-frequency PCB materials for telecom base stations and automotive safety sensors. Overall net sales were up 6.5% year-over-year to $132.5 million, in line with the company's May 14 guidance of $129 million to $134 million.
The company also noted adoptions in new wireless antenna applications.
Net income in the quarter fell 13.8% from a year ago to $5.67 million. Gross margins improved to 33.5%, from 29.3% in the second quarter 2012.
President and CEO Bruce D. Hoechner said, “For the second quarter of 2013, we delivered solid revenue and margin improvements with strong growth in Printed Circuit Materials and a rebound in Power Electronics Solutions. Looking ahead, we expect increased global capital expenditures and infrastructure investment, including the ramping up of the 4G telecom build-out, to help drive growth across our businesses."
Rogers guided for third quarter net sales of $138 million to $142 million.