SMT, PCB Electronics Industry News

Rogers� Q4 Sales Up 7%

Feb 13, 2003

by Mike Buetow, Editor in Chief PC Fab

Rogers, CT � Rogers Corp.�s fourth quarter sales were up 7% to $51.5 million for the fourth quarter ended Dec. 29. Sales fell sequentially, due mostly to the divestiture of Roger�s Moldable Composites division, Rogers said.

Rogers guided for revenues of $48 million to $51 million, and diluted earnings per share of 32 35 cents, a 33% to 46% increase year-on-year.

Net 2002 sales were $219.4 million, up from $216 in 2001. Including half the sales from Rogers� four 50%-owned joint ventures, sales were $286.7 million, up 4%. Full-year after-tax profits increased 18% to $18.6 million.

Revenues from printed circuit materials were $21.6 million, up 12%, driven by cellphone applications and sales to a U.S. customer for disk drives. For the year, PCB materials sales were $82.4 million, down $5.9 million. Rogers noted in a press statement �some positive trends in order rates� recently for high-frequency laminates.

Polyimide Laminate Systems, a JV that makes adhesiveless laminates for trace suspension assemblies, recorded its best quarter.

Cash from operations increased. Rogers spent $12 million on a new building in Chicago and paid off $3 million in long-term debt. Rogers also took a $1.6 million restructuring charge due to workforce reductions.

During the current quarter, Rogers will begin production of high-frequency laminates in Evergem, Belgium, replacing operations in Afrikalaan, Belgium.

Feb 16, 2012 -

SMTnet Names David Fish (aka "davef") Technical Editor of SMT Express & Ombudsman of SMTnet Forums.

Nov 03, 2011 -

SMTA INTERNATIONAL FT WORTH

Oct 16, 2010 -

SMTnet to Present at SMTAI Orlando 2010

Jul 12, 2010 -

Glenn Seely Named SMTnet Sales Manager

Apr 28, 2010 -

SMTA China Awards Megan Wendling Councilor of the Year 2010

Feb 08, 2010 -

Major New Trade Show for Brazil Is Introduced

Jan 21, 2010 -

Microscan Opens Northeast Technology Center in Nashua, NH

Dec 03, 2009 -

The Industry Loses an Icon

Sep 26, 2009 -

The Electronics Industry Loses a Consummate Professional

Jul 10, 2003 -

PCB East 2003 Announces Final Conference and Exhibition Program

228 more news from SMTnet »

Mar 27, 2024 -

Red Glue SMT Solutions: A Cost-Effective Approach for Double-Sided PCBs

Mar 26, 2024 -

North American PCB Industry Sales Down 11.6 Percent in February

Mar 26, 2024 -

iNEMI/IPC White Paper on Complex Integrated Systems Highlights Future Technology and Manufacturing Ecosystem Needs

Mar 26, 2024 -

Don Dennison Appointed to Roll Out KIC's Latest Thermal Analysis System Software in the Northeast

Mar 26, 2024 -

Altus Group Achieves Record Sales Milestone with Koh Young Europe

Mar 26, 2024 -

STI Welcomes Edrick Young as the Newest Mechanical Assembly Technician

Mar 26, 2024 -

Anda Technologies Receives 2024 NPI Award for Setting a New Standard in Smart Manufacturing

Mar 26, 2024 -

ZESTRON's Olaf Schoenfeld, Ph.D. to Participate in EV Special Session at IPC APEX Expo

Mar 26, 2024 -

North American EMS Industry Up 4.1 Percent in February

Mar 26, 2024 -

SMTA Europe Announces 2024 Spring Conferences

See electronics manufacturing industry news »

Rogers� Q4 Sales Up 7% news release has been viewed 813 times

Solder Paste Dispensing

See Your 2024 IPC Certification Training Schedule for Eptac