ROGERS, Conn.-Rogers Corp. reported 1998 sales of $216.6 million, an increase of 14 percent over
1997 sales of $189.7 million. The company’s net income for 1998 was $13.7 million, or $1.74 per share, compared with
$16.5 million, or $2.10 per share, reported the previous year.
Rogers reported $53.6 million in net sales for the
fourth quarter ended Dec. 31, compared with $51.8 million in net sales for the same time in 1997. The company’s net
income in fourth quarter 1998 was $4 million, or 51 cents per share, compared with $4.02 million, or 50 cents per
share, in fourth quarter 1997.
Rogers said its profitability in 1998 was hurt primarily by inventory dilution in the
disk drive industry and by generally depressed economic conditions in Southeast Asia. The company also chose to
make significant long-term investments in manufacturing processes, information technology and internal organizations.
