-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, S7SEnYUvZzIx4+6Xd9bMGiXwAEVwkj5cWESBCxnVK0HlgtsPV+rNOaKvIwcn++MD ejgM2qkKhlgYFuqUTrEbBg== 0001157523-07-000329.txt : 20070117 0001157523-07-000329.hdr.sgml : 20070117 20070117130407 ACCESSION NUMBER: 0001157523-07-000329 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070112 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070117 DATE AS OF CHANGE: 20070117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ROGERS CORP CENTRAL INDEX KEY: 0000084748 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821] IRS NUMBER: 060513860 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04347 FILM NUMBER: 07534332 BUSINESS ADDRESS: STREET 1: P.O. BOX 188 STREET 2: ONE TECHNOLOGY DRIVE CITY: ROGERS STATE: CT ZIP: 06263-0188 BUSINESS PHONE: 860-779-5756 MAIL ADDRESS: STREET 1: ONE TECHNOLOGY DRIVE CITY: ROGERS STATE: CT ZIP: 06263 8-K 1 a5312558.txt ROGERS CORPORATION 8-K ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): January 12, 2007 ROGERS CORPORATION (Exact name of Registrant as specified in Charter) Massachusetts 1-4347 06-0513860 (State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer Incorporation) Identification No.) One Technology Drive, P.O. Box 188, Rogers, Connecticut 06263-0188 (Address of Principal Executive Offices and Zip Code) (860) 774-9605 (Registrant's telephone number, including area code) Not Applicable (Former Name or Former Address, if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ================================================================================ Item 7.01 Results of Operations and Financial Condition. In a press release dated January 12, 2007, the Registrant announced an update to its fourth quarter 2006 guidance. A copy of the press release is attached hereto as Exhibit 99.1. The information in this Form 8-K and the Exhibit attached hereto shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. Item 9.01 Financial Statements and Exhibits. (c) Exhibits Exhibit No. Description - ----------- ----------- 99.1 Press release, dated January 12, 2007, issued by Rogers Corporation (furnished herewith pursuant to Item 7.01) SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ROGERS CORPORATION By: /s/ Dennis M. Loughran ---------------------- Dennis M. Loughran Vice President, Finance and Chief Financial Officer Date: January 17, 2007 EX-99.1 2 a5312558ex99_1.txt EXHIBIT 99.1 PRESS RELEASE Exhibit 99.1 Rogers Corporation Updates Fourth Quarter Guidance ROGERS, Conn.--(BUSINESS WIRE)--Jan. 12, 2007--Rogers Corporation (NYSE:ROG) today announced revised guidance for its fiscal fourth quarter of 2006. Rogers projects fourth quarter net sales of approximately $122 million, within the October 26, 2006, guidance range of $122 to $126 million. Earnings for the fourth quarter are now projected to be $0.68 to $0.72 per diluted share, while the previous guidance was for earnings of $0.90 to $0.93 per diluted share. Robert D. Wachob, President and CEO, commented, "While sales came in at the low end of our projected range for the fourth quarter, a series of one-time events negatively impacted our operating margins. The Printed Circuit Materials segment had a significant quality issue that has since been resolved, as well as an unfavorable product mix including much softer than expected sales into cellular communication infrastructure applications. However, Rogers' circuit materials are used in virtually every mobile communication system worldwide, and our leading position in this market is well protected. Going forward, new consumer expectations for high-speed mobile connectivity will continue to drive infrastructure capital spending and we feel that the soft fourth quarter was a temporary event. In our High Performance Foams segment, sales were strong, however, we built a significant finished goods inventory in the third quarter as insurance against a possible fourth quarter work stoppage. A new union contract is now in place and during the fourth quarter we reduced inventory levels. Within the Other Polymer Products segment, our polyolefin foam operation experienced a significant reduction in both volume and pricing, resulting in a loss for the quarter. In 2006, we significantly increased the market share of our products in cell phones, but in the fourth quarter new program sales did not meet expectations, thus our capacity was underutilized. As a result, the mature programs, allocated to our contract manufacturer, were a greater proportion of sales than anticipated. Even with these lower than anticipated fourth quarter earnings, we expect to report full year diluted earnings per share of at least $2.64 and net sales of $454 million, both all-time records exceeding 2005 by 169% and 28%, respectively. With the aforementioned fourth quarter issues behind us, we also expect to have record first quarter sales and earnings, which would be our sixth consecutive quarter of year-over-year record sales and profits." The Company expects to report fourth quarter results in late February, and will provide guidance for the first quarter of 2007 at that time. Rogers Corporation, headquartered in Rogers, CT, U.S.A., develops and manufactures high-performance specialty material based products, which serve a diverse range of markets including: portable communication devices, communication infrastructure, consumer products, computer and office equipment, ground transportation, and aerospace and defense. Rogers operates manufacturing facilities in Connecticut, Arizona, and Illinois in the U.S., in Gent, Belgium, in Suzhou, China, and in Hwasung City, Korea. Sales offices are located in Belgium, Japan, Taiwan, Korea, China, and Singapore. Safe Harbor Statement Statements in this news release that are not strictly historical may be deemed to be "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's current expectations and are subject to the many uncertainties that exist in the Company's operations and environment. These uncertainties, which include economic conditions, market demand and pricing, competitive and cost factors, rapid technological change, new product introductions, legal proceedings, and the like, are incorporated by reference from the Rogers Corporation 2005 Form 10-K filed with the Securities and Exchange Commission. Such factors could cause actual results to differ materially from those in the forward-looking statements. All information in this press release is as of January 12, 2007, and Rogers undertakes no duty to update this information unless required by law. CONTACT: Rogers Corporation Edward J. Joyce, 860-779-5705 Fax: 860-779-5509 edward.joyce@rogerscorporation.com Rogers' Web site: www.rogerscorporation.com -----END PRIVACY-ENHANCED MESSAGE-----