Rogers Corporation reports 2008 second quarter results

Circuit World

ISSN: 0305-6120

Article publication date: 22 August 2008

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Citation

(2008), "Rogers Corporation reports 2008 second quarter results", Circuit World, Vol. 34 No. 3. https://doi.org/10.1108/cw.2008.21734cab.005

Publisher

:

Emerald Group Publishing Limited

Copyright © 2008, Emerald Group Publishing Limited


Rogers Corporation reports 2008 second quarter results

Article Type: Industry news From: Circuit World, Volume 34, Issue 3

Rogers Corporation have announced second quarter 2008 revenues of $97.7 million and net earnings of $0.44 per diluted share. Revenues and earnings per diluted share were in line with the company’s 30 April 2008 guidance of $97-$100 million in sales and $0.41-$0.45 in earnings per diluted share. Second quarter 2007 revenues from continuing operations were $97.9 million with a net loss from continuing operations of $0.28 per diluted share, which included $12.9 million, or $0.47 per diluted share, of restructuring charges.

Printed circuit materials

Sales of printed circuit materials for the quarter totalled $29.5 million, down approximately 12 per cent from the second quarter of 2007. High frequency advanced circuit material products experienced weaker demand in low-noise block down converters (LNB’s) for the Satellite TV market and in chip packaging materials for a large customer. Although advanced circuit material product sales in the infrastructure market were down slightly this quarter, the company anticipates it will benefit in the future from the on-going global roll-out of Third Generation wireless systems. Conversely, the company continued to see strength in the high reliability markets for its high-frequency advanced circuit material products in radar and guidance system devices. Also during the quarter, the company continued the construction of a building on its Suzhou, China campus to expand the manufacturing capacity of high-frequency advanced circuit materials. This new facility is anticipated to be in production in 2010.

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