Rogers' Q4 sales up 7%. (Fabrication).
Rogers guided for revenues of $48 million to $51 million, and diluted earnings per share of 32 35 cents, a 33% to 46% increase year-on-year.
Net 2002 sales were $219.4 million, up from $216 in 2001. Including half the sales from Rogers' four 50%-owned joint ventures, sales were $286.7 million, up 4%. Full-year after-tax profits increased 18 % to $18.6 million.
Revenues from PCB materials were $21.6 million, up 12%, driven by cellphone applications and sales to a U.S. customer for disk drives. For the year, PCB materials sales were $82.4 million, down $5.9 million.
Rogers said it has seen "some positive trends in order rates" recently for high-frequency laminates.
Polyimide Laminate Systems, a JV that makes adhesiveless laminates for trace suspension assemblies, recorded its best quarter.
During the current quarter Rogers will begin production of high-frequency laminates in Evergem, Belgium, replacing operations in Afrikalaan, Belgium.
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|Publication:||Printed Circuit Design & Manufacture|
|Date:||Apr 1, 2003|
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