ROGERS, CT -- Rogers today announced third-quarter revenue at its Printed Circuit Materials unit rose 8.5% year-over-year to $47.1 million. The laminates division came close to its all-time record for net sales, driven by strong demand in global 4G – LTE base station deployments, automotive radar applications for Advanced Driver Assistance Systems (ADAS), as well as in mobile internet device applications, offset in part by weaker demand for satellite TV equipment.

Overall net income was $13.6 million, down from $60 million a year ago, on net sales of $142.8 million. Revenue beat the company's July guidance of $138 million to $142 million, and was up 10.6% from the third quarter 2012. Gross margin improved to 35.8% in the quarter from 33.3% a year ago.

President and CEO Bruce D. Hoechner said, “On the growth side, we delivered near record sales for Printed Circuit Materials and continued to experience a significant recovery in Power Electronics Solutions. Key growth drivers in the quarter included 4G wireless infrastructure, automotive safety systems and HEV’s, as well as printed circuit materials in mobile internet device applications."

He projected fourth-quarter net sales of $129 million to $135 million, consistent with normal seasonal demand.

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