ROGERS, Conn. (May 29)—Rogers Corp. expects revenues for the second quarter, which will close July 1, to be about $52 million, down from the $61 million recorded in the like period last year. The company said earnings for the quarter will be about 20 cents per share before a one-time write-off of about $2 million. Rogers had forecast in April that earnings would be in the 20-to-25-cent range. The write-off includes expenses related to a previously planned acquisition, charges associated with the consolidation of two facilities in Chandler, Ariz., and formation of a new advanced circuit materials division. The latter move is expected to reduce costs by taking advantage of similarities between the two units, which both serve the printed circuit industry.
Rogers expects drop in second-quarter sales
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