CHANDLER, Ariz. (AP) _ Rogers Corp. (ROG) on Thursday reported fourth-quarter net income of $15.2 million, after reporting a loss in the same period a year earlier.
The Chandler, Arizona-based company said it had net income of 81 cents per share. Earnings, adjusted for non-recurring costs, were $1.58 per share.
The specialty materials company posted revenue of $210.7 million in the period.
For the year, the company reported profit of $50 million, or $2.67 per share. Revenue was reported as $802.6 million.
For the current quarter ending in April, Rogers Corp. expects its per-share earnings to range from $1.72 to $1.87. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.39.
The company said it expects revenue in the range of $215 million to $225 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $206 million.
Rogers Corp. shares have risen almost 10% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $170.42, an increase of 52% in the last 12 months.