This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Rogers Corporation Reports 2012 Third Quarter Results

Stocks in this article: ROG

Printed Circuit Materials

Net sales of Printed Circuit Materials totaled $43.4 million for the third quarter of 2012, an increase of 1.0% from the $43.0 million reported in the third quarter of 2011. There was continued strength in demand for automotive radar safety sensors and antenna applications for communications infrastructure, partially offset by weaker demand in the high reliability market. Additionally, during the quarter, demand increased for printed circuit materials in the telecom base station market in China.

Power Electronics Solutions

Curamik Electronics Solutions reported net sales of $22.1 million for the third quarter of 2012, a decrease of 40.0% compared to the third quarter 2011 record net sales of $36.8 million. Lower net sales at Curamik in the third quarter of 2012 were primarily related to the ongoing slowdown in global capital and infrastructure spending, which negatively impacted demand for industrial motor drives and wind energy applications. The Company believes that these markets will remain at these levels for the near term but the long term outlook remains positive.

Power Distribution Systems (PDS) third quarter of 2012 net sales were $9.4 million, a decrease of 16.7% compared to $11.3 million in the third quarter of 2011. The decline in sales was due primarily to continued curtailed spending on infrastructure projects in the mass transit market, primarily in Europe and China. Also, overall sales into the wind and solar energy markets continued to lag. These declines were partially offset by a significant increase in demand for its power distribution products in the automotive market.

Joint Ventures

Rogers’ 50% owned High Performance Foams joint venture sales totaled $20.0 million this quarter, an increase of 13.0% compared to the $17.7 million sold in the third quarter of 2011. The increase was due to higher demand in the gaming console market as customers prepared for the upcoming holiday season.

2 of 7

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,885.27 +80.47 0.45%
S&P 500 2,072.71 +2.06 0.10%
NASDAQ 4,772.0310 +6.6510 0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs