Rogers, Connecticut -- Rogers Corp. has revised guidance for its third quarter ending 30 Sept 2009. The group now projects that it will have third quarter net sales of between $74 and $77 million compared to earlier guidance of sales of $68 to $73 million, as the speciality foam group saw higher demand than expected.
Earnings for Q3 are also projected to be higher, at $0.22 to $0.28 per diluted share versus the previous guidance of $0.05 to $0.15.
"Sales of High Performance Foams in the cell phone and consumer electronics markets will be higher than anticipated for the third quarter," commented Robert Wachob, president and ceo, in a 1 Sept statement.
Wachob also noted that in Q3, Rogers' Printed Circuit Materials business had stronger growth in both satellite television and military applications. "With increased sales and the full effect of our cost reductions in place Rogers is experiencing better than anticipated earnings growth for the third quarter."
Rogers, headquartered in Rogers, Connecticut, makes high performance, speciality-material products for uses in diverse markets including: portable communications, communications infrastructure, computer and office equipment, consumer products, ground transportation, aerospace and defense.
It has plants in the US (Arizona, Connecticut, Illinois and Virginia), Europe (Ghent, Belgium and Bremen, Germany) and Asia (Suzhou, China). Rogers also has joint ventures in Japan and China with INOAC Corp., in Taiwan with Chang Chun Plastics Co. Ltd and in the US with Mitsui Chemicals Inc.