Rogers Corp Celebrates 175th Anniversary by Ringing The Closing Bell at The NYSE

Rogers Corporation reported record first quarter sales of $115.8 million, up 12% compared to the $103 million sold in the first quarter of 2006 and above the Company’s February 21, 2007, guidance of $108 to $112 million. Diluted earnings per share for the first quarter of 2007 were $0.54, above the Company’s February 21, 2007 guidance of $0.48 to $0.52. Net income for the quarter was $9.5 million, compared to $12.6 million a year ago. Equity-based incentive compensation expense was $2.6 million this quarter and $0.5 million in the first quarter of 2006.

Rogers Corporation (NYSE:ROG), headquartered in Rogers, Conn., is a global technology leader in the development and manufacture of high performance, specialty material-based products for a variety of applications in diverse markets including: portable communications, communications infrastructure, computer and office equipment, consumer products, ground transportation, aerospace and defense. Rogers operates manufacturing facilities in the United States (Arizona, Connecticut, Illinois), Europe (Ghent, Belgium) and Asia (Suzhou, China, and Hwasung City, Korea). In Asia the company maintains sales offices in Japan, China, Taiwan, Korea and Singapore. Rogers has joint ventures in Japan and China with INOAC Corporation, in Taiwan with Chang Chun Plastics and in the U.S. with Mitsui Chemicals.



Photo caption: Robert Wachob, president and CEO of Rogers Corporation, and members of the company's executive leadership team, ring The Closing Bell at The New York Exchange, on Friday May 11th, in celebration of the company’s 175th anniversary.