Woodstock, Connecticut - Speciality chemicals company Rogers Corp. has posted third quarter sales of $147.6 million in 2011, up from $101.3 million in during the same period in 2010. Quarterly income was $14.4 million, up from $8.9 million in the three months ended 30 Sept 2010.
In the high performance foams business, seasonal increases in the production of mobile internet devices using Rogers urethane foams helped the company achieve "all-time record" sales of $49.8 million, an increase of 22.7 percent year-on-year.
The company said its Poron XRD shock-absorbing urethane materials continued to gain business in the quarter. Rogers noted that both its urethane and silicone foam product lines also grew significantly in hybrid electric vehicles during the quarter.
"We achieved record sales for the third quarter of 2011," said Bruce Hoechner, Rogers ceo, in a 31 Oct report. "In addition, year-over-year sales growth in our three core businesses (high performance foams, printed circuit materials and power electronic solutions) was about 18 percent for the quarter."
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