Selected quotes from our recent earnings call. Read the corporate financials news release: Rogers Corporation Reports Second Quarter 2018 Results.

In Q2 2018, Rogers delivered revenues of $215 million, compared to $201.4 million in Q2 2017.

Bruce Hoechner, CEO, on Growth Drivers

There continues to be a strong demand that is projected in our key growth drivers of advanced connectivity and advanced mobility. Opportunities for growth in markets such as 5G, EV/HEV, and ADAS are driving our capacity expansion plans. It is a key imperative for Rogers to maintain its market leadership position by ensuring capacity is ready when our customers need it.

In advanced mobility, we are very encouraged by the continued adoption of our silicon nitride materials as automakers continue their race to introduce more EV and HEV models. This shift in the industry bodes well for the PES business, where our ceramic substrates offer high thermal connectivity and reliability. These features are essential for the smaller, more energy-efficient wide-bandgap semiconductors found in EV and HEV applications.

In the area of advanced connectivity, we continue to see signs that the transition to 5G is imminent, with testing and early deployments on the rise in China. For Rogers, 5G represents a much larger opportunity than past generations of wireless infrastructure due to the complexity of the systems and the greater material content they require. ACS holds a solid leadership position in this market, offering differentiated products that meet customer needs for very high frequencies, thermal management and high performance that minimizes crosstalk.

We look forward to capitalizing the large opportunities ahead.

Bruce Hoechner, CEO, on Rogers’ Business Units

Advanced Connectivity Solutions (ACS) achieved second quarter net sales of $76 million, a slight increased over Q2 2017, and sequential growth of 4% over Q1 2018. Revenues were largely driven by applications in aerospace and defense and tenant for 4.5G and 5G wireless structure and ADAS, partially offset by lower demand in portable electronics and wireless 4G LTE power amp applications. The latest independent market analysis indicates 2019 5G base station deployments at roughly 100,000 units, with some experts indicating more. ACS has significant design wins in this space, where base stations require 2x to 4x of Rogers’ content than that of the 4G LTE base stations.

Elastomeric Material Solutions (EMS) net sales of $79 million were relatively flat compared to Q2 2017. Higher demand in portable electronics, consumer, automotive and mass transit applications was offset by lower demand for clean room automation equipment used in OLED display manufacturing. In the second half of the year, we expect continued improvement in the general industrial segment. Additionally, we continue to drive operational synergies across our acquired businesses, including DeWAL, DSP and, more recently, Griswold.

Power Electronics Solutions (PES) delivered another great quarter with net sales of $54 million, a 12% increase over Q2 2018, excluding the impact of currency. Net sales increased due to broad-based demand across markets, including particular strength and electric and hybrid electric vehicles, renewable energy, mass transit and variable frequency drives. We expect the strength we’ve seen in the first half of the year to continue into the third and fourth quarters, driven by exceptionally strong demand for EV/HEV and x-by-wire applications.

Q2 2018 Earnings Call Transcript

Q2 2018 Financial Press Release

Q2 2018 Earnings Call Slides

Q2 2018 Earnings Call

 

This entry first appeared on Rogers Corporation’s internal “Leadership Blog.” Our CEO, Bruce Hoechner, and his senior leadership team write weekly posts for Rogers’ intranet, generating many likes and comments from colleagues around the globe.

 This blog was written by Gustavo Araujo, Rogers’ Vice President of Global Supply Chain, and has been edited for external publication.

I believe that one of the most valuable programs we have at Rogers is the Thank You Awards. What I like the most about the program is that it offers a way for our employees to demonstrate their gratitude to one another for efforts that go above and beyond their day-to-day activities. It is fascinating to see the great things our employees are doing every day and, even better, seeing that their colleagues are paying attention and thanking them for their dedication. Every day I read two or three Thank You Award stories and I really enjoy them.

Express Your Gratitude- VP of Supply Chain Gustavo Araujo

This is what prompted me to write this week’s blog. The importance of gratitude not only in our workplace but in our homes, in schools, in stores, in everyday situations.

Why should anyone thank you for just doing your job? And why should you ever thank your coworkers for doing what they’re paid to do?

Since we spend most of our time at work, it’s a perfect place to practice gratitude! Human nature makes it easier to be grateful when we have good days. But I think we should practice being grateful even if we are having an “off” day. It can actually lift you to find something to be grateful for in the midst of difficulty.

I’d like to share an article that appeared in Forbes magazine written by Amy Morin, “Scientifically Proven Benefits of Gratitude that will Motivate You to Give Thanks Year-Round.”

  1. Gratitude opens the door to more relationships. Not only does saying “thank you” constitute good manners, but showing appreciation can help you win new friends, according to a 2014 study published in Emotion, the magazine of the American Psychiatric Association. The study found that thanking a new acquaintance makes them more likely to seek an ongoing relationship. So whether you thank a stranger for holding the door or send a thank-you note to that colleague who helped you with a project, acknowledging other people’s contributions can lead to new opportunities.
  1. Gratitude improves physical health. Grateful people experience fewer aches and pains and report feeling healthier than other people, according to a 2012 study published in Personality and Individual Differences. Not surprisingly, grateful people are also more likely to take care of their health. They exercise more often and are more likely to attend regular check-ups, which is likely to contribute to further longevity.
  1. Gratitude improves psychological health. Gratitude reduces a multitude of toxic emotions, from envy and resentment to frustration and regret. Robert Emmons, a leading gratitude researcher, has conducted multiple studies on the link between gratitude and well-being. His research confirms that gratitude effectively increases happiness and reduces depression.
  1. Gratitude enhances empathy and reduces aggression. Grateful people are more likely to behave in a pro-social manner, even when others behave less kindly, according to a 2012 study by the University of Kentucky. Study participants who ranked higher on gratitude scales were less likely to retaliate against others, even when given negative feedback. They experienced more sensitivity and empathy toward other people and a decreased desire to seek revenge.
  1. Grateful people sleep better. Writing in a gratitude journal improves sleep, according to a 2011 study published in Applied Psychology: Health and Well-Being. Spend just 15 minutes jotting down a few grateful sentiments before bed, and you may sleep better and longer.
  1. Gratitude improves self-esteem. A 2014 study published in the Journal of Applied Sport Psychology found that gratitude increased athletes’ self-esteem, an essential component to optimal performance. Other studies have shown that gratitude reduces social comparisons. Rather than becoming resentful toward people who have more money or better jobs—a major factor in reduced self-esteem—grateful people are able to appreciate other people’s accomplishments.
  1. Gratitude increases mental strength. For years, research has shown gratitude not only reduces stress, but it may also play a major role in overcoming trauma. A 2006 study published in Behavior Research and Therapy found that Vietnam War veterans with higher levels of gratitude experienced lower rates of post-traumatic stress disorder. A 2003 study published in the Journal of Personality and Social Psychology found that gratitude was a major contributor to resilience following the terrorist attacks on September 11. Recognizing all that you have to be thankful for —even during the worst times—fosters resilience.

So whether it’s through a Thank You Award or simply telling someone you appreciate them, let’s give gratitude a chance. Practice it and enjoy it.

Rogers Advanced Connectivity Solutions (ACS) has introduced an updated design program that is free to download called the MWI-2017 Microwave Impedance Calculator, a transmission line modeling tool for electronics engineers (setting up an account is required).

The MWI-2017 Microwave Impedance Calculator software doesn’t replace sophisticated suites of modeling tools, such as the Advanced Design System (ADS) from Agilent Technologies or Microwave Office from AWR. Nor can it challenge the prediction capabilities of a planar or 3D electromagnetic (EM) simulator such as HFSS from Ansys or the Sonnet suites from Sonnet Software. But what it does, it does well, which is to calculate key parameters for most common microwave transmission lines, including microstrip, stripline, and coplanar-waveguide transmission lines. The software is downloaded as an executable (.exe) file and runs on most Windows-based personal computers, including those with Windows XP, Windows 7 and Windows 10 operating systems. To speed and simplify the use of the software, Rogers also offers a 22-page operator’s manual in PDF file format.

MWI Microwave Impedance Calculator

 

Using the Transmission-Line Modeling Tool

 The MWI-2017 program is based on closed-form equations derived from Poisson’s wave equations. The simple-to-use software can determine key parameters for a selected transmission-line type and laminate material, such as the conductor width and conductor metal thickness needed to achieve given impedance at a target frequency. The software’s intuitive graphical user interface (GUI) screen allows a user to select from a variety of different transmission-line types, including conventional microstrip, edge-coupled microstrip, conventional stripline, offset stripline, and conductor-backed coplanar-waveguide (CPCPW) transmission lines. The on-screen menus allow a user to select a transmission-line technology and a laminate material. Once a material, such as Rogers RO3003™ material, is selected, its pertinent characteristics are also shown on the screen, including relative dielectric constant (permittivity), dissipation factor (loss), thermal conductivity, and thermal coefficient of dielectric constant. Moving a mouse cursor over any material name reveals additional information about the material.

Enter Parameters such as Thickness, Operating Frequency and RF Power Level

With a material in place, the next step is to pick a standard dielectric thickness from a menu, or enter a custom thickness. A standard copper cladding thickness must also be selected from a menu, or a custom thickness entered manually. Copper conductor roughness is also accounted for, either selected from a menu as a standard value, or entered manually as a nonstandard value. Similarly, a standard value for copper conductivity can be used in a calculation, or a custom value entered, although any change in the value for copper conductivity will affect all metal layers in a multilayer circuit.

The MWI-2017 software allows an operator to enter parameters pertinent to a specific application, such as operating frequency and RF power level. Once a user has selected the desired transmission-line type, dielectric material, material thickness, conductor width, thickness of the conductive metal cladding, etc., a calculation will provide results in terms of such transmission-line parameters as conductor width and conductor spacing for a selected impedance. The software can generate insertion loss tables of data that can be used to create plots of loss versus frequency, and these plots can then be compared to actual measured results from a microwave vector network analyzer (VNA).

This exact procedure was performed to evaluate the accuracy of the MWI-2017 software for calculations of conventional microstrip parameters. MWI-2017 calculations performed for conventional microstrip transmission lines have proven to be extremely accurate since they include the effects of dispersion as well as copper roughness. For example, calculations performed on RO3003™ laminates have compared quite closely with actual measurements. These are ceramic-filled PTFE composite materials with a dielectric constant of 3.0 at 10 GHz and dissipation factor of 0.0010 at 10 GHz. In a comparison of MWI-2017 predictions versus measurements for a 5-mil-thick microstrip transmission line on RO3003 laminate with 1/2-oz. ED copper cladding, predicted and measured data matched almost exactly through 110 GHz.

Microstrip Insertion Loss Graph

The MWI-2017 software may not be able to match the accuracy of an EM simulator for a given prediction, but it is considerably faster, providing results almost instantaneously. It has been found to be most accurate for calculations on conventional microstrip and stripline, very accurate with edge-coupled microstrip and offset stripline transmission lines, and fairly accurate with conductor-backed coplanar-waveguide (CBCPW) transmission lines, although in the case of CBCPW transmission lines, vias must be properly placed to ensure accurate results.

Stripline insertion loss graph

Calculating the impedance of transmission lines is not trivial, since a number of factors can affect impedance. In microstrip, the width of the conductor and thickness of the dielectric substrate impact impedance. In CBCPW, not only the conductor width and dielectric thickness, but the spacing on the signal plane between the signal conductor and the adjacent ground planes will affect impedance. The MWI-2017 software is free, and provides results fairly quickly that are accurate and can be saved for use in other programs, including in word processors or in spreadsheets for creating x-y plots. In addition to calculating the impedance and loss of a transmission line, the MWI-2017 software provides information on a laminate’s effective dielectric constant, signal wavelength, skin depth, the electric length for a transmission line at a selected frequency, and propagation delay. It can even calculate the temperature rise above ambient temperature for a selected laminate based on an input RF power level.

For anyone needing a quick impedance calculation for designing a filter, coupler, or other high-frequency circuit, the MWI-2017 software provides usable results. And the price is right!

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Future Day: Students Exploring Careers

As a global company, Rogers Corporation sponsors a variety of regional events from around the world. One of these is known as Future Day, an annual event composed of Boys’ Day and Girls’ Day. This event in Germany introduces young girls and boys to occupations in which there are few male or female trainees. In fact, Girls’ Day is an opportunity for technical companies to open their doors to female students in an effort to encourage exploration of careers in the areas of Science, Technology, Engineering and Math.Students explore Engineering Careers

Rogers Germany Participates in Future Day

Our Rogers Germany location in Eschenbach participates in this event annually. For 2018, five grade-nine students spent the day in our internal apprentice training center. Here, the participants gained insight into various technical and engineering jobs. Current apprentices led the efforts, introducing the group to the soldering iron and techniques in engraving various metals and materials. The group was even able to interact with a robot, learning how it is programmed and assists engineers on their projects.

International Women in Engineering Day

Engineering Robot

Though Future Day took place at the end of April, June 23 is International Women in Engineering Day 2018 #INWED18. The event, put on by the Women’s Engineering Society, aims to bring awareness to exciting career opportunities available to girls in areas currently seen as predominantly male fields. To supplement this, the organizers of #INWED18 partner with The Telegraph to identify the Top 50 women in engineering and tell their stories. Read all of the 2017 winners’ stories, and a few from 2018, here.

Contributing to Workplace Diversity

In keeping with the International Women in Engineering Day theme of #raisingthebar, participating in events like Future Day is part of how Rogers is striving towards diversity in engineering. As technology progresses, the need for talent in the STEM fields continues to grow. According to the US Bureau of Labor Statistics, in 2017 only 14% of those employed in the Engineering field are women, a trend that is similar globally. By annually fostering a relationship with high schools and reaching out to students for Future Day, we can help develop the engineers of the future employee pool.

However, for those of you who are already in the market for a job, be sure to check out current job opportunities at Rogers here.

 

Our History of Innovation

On June 13, 2018, in Corporate, Rogers Corporation, by mdippel

Paper Beginnings

Rogers Corporation was founded as a paper mill in 1832 by Dutch immigrant, Peter Rogers. Named Rogers Paper Manufacturing Company, the business was based in an old two-story powder mill in Manchester, Connecticut. It started out producing paperboard to be used in the thriving textile industry of New England. Less than a decade later, Peter Rogers’ 19-year-old son Henry inherited the business and established something that remains with Rogers to this day: a culture of innovation. Being poised to grow and lead as technology evolves is at the forefront of this culture. In 1841, Henry Rogers did it by improving paper-making techniques and methods for recycling product waste. Today, innovation is a major element of Rogers’ growth strategy, as we explore new platforms and build upon our current capabilities.

Learning and Expanding

Now an advanced materials technology market leader, we have come a long way since our paper-making days. Throughout that journey, innovation has propelled us forward. In the 1890’s, Rogers expanded into the electrical power transformer industry with the new product line of transformer insulation paperboard. The 1920’s brought on MIT graduate and technical director Saul Silverstein who spearheaded great strides in research and development. Along with that was Rogers’ first diversification into non-paper products, FIBERLOY Plastics, the first commercially produced plastics. As the years went on, our innovations continued. In 1958 we introduced PORON® technology, changing and expanding Rogers’ position and trajectory within the polyurethane market. Other examples include our foray into advanced circuit laminate materials, electroluminescent backlighting system drivers, busbars and more.

Innovation as a Strategy

Today, “Market-Driven Innovation” is core to our strategy, and we highly focus on market needs and innovation opportunities. Historically, academia and industry experts have worked separately in developing leading-edge technologies. Our Innovation Centers guide new-to-the-world technologies into useful and feasibly commercialized platforms. To do this, they combine scientific knowledge, education partnerships and industry expertise.

Right On Cue: First Innovation Center Product Brought to Market

Since opening our first Innovation Center in 2014, Rogers Corporation has been collaborating with universities and other industry leaders in the development of new technology platforms. Typically, these are technologies that are three to five years out from being market ready. And the model is working. Only four years later, we are proud to bring to market the first product borne of our Innovation Center concept: MAGTREX™ 555 High Impedance Laminates. These high impedance laminates enable antenna designers to expand the trade-space of their antenna design enabling up to a factor of six reduction in size with minimal impact on bandwidth, up to a factor of six increase in bandwidth with similar size, or a design optimum in between. Learn more about the new MAGTREX™ High Impedance Laminates here and celebrate with us this exciting accomplishment and actualization of our vision. We are proud to continue to use innovation as our motivation for growth and change.

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