Rogers, Connecticut - Rogers Corp. has announced second quarter (Q2) revenues of $97.7 million and net earnings of $0.44 per diluted share, down from Q2 2007 revenues from continuing operations of $97.9 million with a net loss of $0.28 per diluted share. The company said the revenues and earnings for the quarter were in line its 30 April 2008 guidance of $97-$100 million in sales and $0.41-$0.45 per share in earnings.
Rogers high-performance foams segment achieved record quarterly sales of $29.8 million, around a 19-percent increase from Q2 2007.
"General strength across all markets helped drive sales for this period, especially sales into the portable communications and consumer electronics market. The Poron Soft Seal family of premium polyurethane foam products continues to gain momentum as the design-in choice in handheld devices at multiple OEMs,"the company explained.
Rogers' 50-percent owned joint ventures had quarterly sales totalling $29.2 million, an increase of 11.5 percent compared to the $26.2 million sold in Q2 2007. The company said its polyurethane foam joint venture with INOAC Corp. in Japan and China and its polyimide laminate systems joint venture with Mitsui Chemicals, Inc drove the growth for this quarter.