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Rogers Corporation Reports Fourth Quarter and Full Year 2020 Results


Q4 2020 Summary of Results
Net sales of $210.7 million increased 4% versus the prior quarter primarily due to higher sales in the ACS and PES business units. ACS net sales increased due to strong automotive demand for ADAS applications, partially offset by a decline in defense market demand. PES net sales increased in the EV/HEV market, partially offset by a decrease in the industrial power and mass transit markets. EMS net sales increased slightly from continued growth in the EV/HEV market and improved demand in the general industrial and traditional automotive markets, partially offset by a decline in portable electronics market sales. Currency exchange rates favorably impacted total company net sales in the fourth quarter of 2020 by $3.1 million compared to prior quarter net sales. ....

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Rogers Corporation Reports Fire in S. Korea Plant


Press release content from Business Wire. The AP news staff was not involved in its creation.
Rogers Corporation Reports Fire in S. Korea Plant
February 10, 2021 GMT
CHANDLER, Ariz. (BUSINESS WIRE) Feb 10, 2021
Rogers Corporation (NYSE:ROG) reports that there was a fire at its UTIS manufacturing facility in Ansan, S. Korea on Tuesday, February 9, 2021, at approximately 9 p.m. local time. The site was safely evacuated and there were no reported injuries; however, there is extensive damage to the manufacturing site. The source of the fire is currently under investigation.
This facility manufactures eSorba® polyurethane foams used in portable electronics and display applications. These operations will be disrupted, but it is too early to determine the expected duration of the disruption. ....

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