by Rogers Corporation on May 06, 2020
In the first quarter of 2020, Rogers achieved net sales of $198.8 million and gross margin of 33%. Read the full corporate financials news release: Rogers Corporation Reports First Quarter 2020 Results.
I’m extremely proud of the Rogers team for their tremendous response to the coronavirus pandemic, which allowed us to prioritize employee health, maintain business continuity and deliver results at the top end of our guidance. When the virus outbreak first emerged early in Q1, we reacted swiftly. Site pandemic response teams implemented safety measures such as remote work arrangements, social distancing policies, providing appropriate personal protective equipment and enhanced disinfection protocols to protect employee health.
Global operations and supply chain teams focused on site-level measures to maintain business continuity for our customers. And at all levels of the organization other teams were empowered to make rapid decisions to protect employee safety and to meet customers’ needs. Caring for our employees at this time is an essential priority. And in addition to the robust safety measures implemented, we have also temporarily expanded certain benefits to provide employees additional support to care for themselves and their families. To date, we have effectively managed the situation and minimized disruptions to customers, but it continues to be a dynamic situation.