ROGERS, Conn.—Rogers Corp. experienced record net sales of $146.6 million and increased net income at about $14.6 million for the first quarter 2014.
The firm's net income increased 106 percent compared to 2013, while sales increased about 16 percent.
Rogers' high performance foams reported sales of $41.2 million, about a 3 percent decrease compared to what the firm said were record sales in 2013. Rogers attributed the decrease primarily to previously reported internet device design changes that negatively impacted Rogers' sales in that market.
“We are very pleased with our record-setting first quarter performance,” President and CEO Bruce D. Hoechner said. “Our growth was led by all-time record quarterly sales in the printed circuit materials division along with strong sales growth in our power electronics solutions business.”