Rogers Corporation News

 Net sales from continuing operations in this year’s third quarter were $110 million compared to the all-time quarterly sales record of $122 million recorded for the third quarter of 2006. This quarter’s sales exceeded the Company’s original guidance primarily due to record quarterly sales of high performance foams, high frequency circuit materials and power distribution systems, in addition to an unexpected $3.6 million increase from forecasted sales of Durel products related to a few mature cell phone programs. The one time benefit of those improved Durel sales totaling $1.7 million in pre-tax profits, or $0.06 per diluted share, is not projected to repeat in the future.

 During the third quarter, the Company ceased manufacturing of polyolefin foams. As a result, this operating segment has been classified as a discontinued operation for reporting purposes and prior period results have been restated accordingly. In the third quarter of 2007, operating results related to the polyolefin foam operation were immaterial. In the third quarter of 2006, polyolefin foams reported revenues of $2.4 million and a net operating profit of $0.4 million, or $0.02 per diluted share. The polyolefin operation had previously been included in the Company’s “Other Polymer Products” reportable segment. Additional details on continuing and discontinued operations are provided in the financial statements below.

 Earlier this year, the Company announced it would incur restructuring charges as a result of a change in business conditions and future outlook associated with its Durel and flexible circuit materials businesses and recorded the majority of the associated charges in the second quarter of 2007. Additional pretax of approximately $1.7 million related to the second quarter restructuring charges were recorded in the third quarter. These charges were substantially offset by the sale of inventory previously reserved, related to EL lamps and flexible circuit materials, resulting in a net unfavorable pretax impact in the quarter of approximately $0.5 million, or $0.02 per diluted share. The Company expects to record additional charges related to the second quarter restructuring of approximately $1.5 million in total over the next two quarters. 

 Printed Circuit Materials

Sales of Printed Circuit Materials totaled $37.1 million, down 7.2% from the third quarter of 2006 on lower sales into the portable communications and hard disk drive markets. The Company expects to transfer all commodity based flexible circuit material production servicing these markets to its joint venture in Taiwan starting in the fourth quarter of 2007. High frequency circuit materials achieved record quarterly sales as the Company continues to benefit from the satellite TV market’s addition of new high definition channels and increased penetration into digital applications.

 Custom Electrical Components

Custom Electrical Components sales for the quarter were $32.9 million, compared to the record sales reported in last year’s third quarter of $46.0 million. The year-over-year sales decline is attributed to the previously announced diminishing demand for EL backlighting in the portable communications market. The Company is investigating other potential opportunities in advertising, automotive and consumer electronics markets, among others, for its EL and integrated circuit technology while transferring existing automotive lamp production to its Suzhou, China facility over the next several months. The power distribution systems business reported its third sequential quarter of record sales. Strong demand for power distribution systems in North America and Europe helped bolster sales, and the business continued to gain share in Asia. Rogers believes that it is well positioned globally to service the worldwide growing demand for power distribution systems with manufacturing operations in Europe and Asia.

 High Performance Foams

High Performance Foams (HPF) achieved record quarterly sales of $29.5 million, up $3.4 million or 12.8% from the third quarter of last year. Sales growth was primarily driven by new penetration in the portable communications market. New product introductions over the past few years are helping drive market share gains, as the Company continually focuses on bringing enabling material solutions to the global communications marketplace. Additionally, HPF is making advances in its product technologies for the transportation, printing and healthcare markets. In order to add needed worldwide capacity, a new polyurethane foam line was installed, customer qualifications were completed and production will begin during the fourth quarter at the Rogers facility in Suzhou, China. Rogers believes that HPF is well aligned to serve its global customers with manufacturing capabilities in the U.S., China, and Japan.

 Joint Ventures

Rogers’ 50% owned joint ventures had quarterly sales totaling $31.4 million compared to $25.9 million in the third quarter of 2006.   The increase is primarily attributed to increased sales in the high performance foams joint ventures with INOAC Corporation in China and Japan.

  Other Information

Third quarter 2007 gross margin from continuing operations was 28.4% compared to 31.0% in the prior year.  Progress was made on working capital initiatives as inventory was reduced by approximately $8.9 million during the quarter and roughly $14 million from the peak earlier in the year.

 Rogers’ balance sheet ended the quarter with a cash and short-term investment balance of $66.1 million.   Capital expenditures were approximately $3.4 million for the third quarter and $20.1 million year-to-date. Total expenditures for the year are expected to be in the range of $25 to $30 million.

 During the third quarter the Company repurchased as part of its stock buyback program approximately 214,000 shares for $8.7 million. To date the Company has repurchased approximately 743,000 shares for $32.6 million under its current buyback program which authorizes a total buyback of up to $50 million depending on market and business circumstances.

 The Company’s third quarter effective tax rate was 18.5% which represents a favorable $0.05 per diluted share compared to previous estimates, and is expected to be in the range of 21-22% in the fourth quarter. 

 Robert D. Wachob, Rogers’ President and CEO commented; “During the third quarter we started to realize the benefits from our restructuring efforts, coupled with an increase in revenues. Efforts to gain sales in our core operating units are showing progress as three businesses attained record quarterly sales this period – high performance foams, high frequency circuit materials and power distribution systems. More importantly for our future success, the Company continues to gain momentum in its new business developments and new product offerings. We believe that fourth quarter Durel sales will return to the lower forecasted levels, compared to the higher amounts experienced in the third quarter. Therefore, as we look to close out 2007, I expect fourth quarter sales to be in the range of $99 to $103 million with net earnings per diluted share of $0.38 to $0.42 including anticipated pretax charges related to the second quarter restructuring of approximately $1.1 million.”

 Rogers Corporation (NYSE:ROG), headquartered in Rogers, CT, is a global technology leader in the development and manufacture of high performance, specialty-material-based products for a variety of applications in diverse markets including: portable communications, communications infrastructure, computer and office equipment, consumer products, ground transportation, aerospace and defense. Rogers operates manufacturing facilities in the United States (Arizona, Connecticut and Illinois), Europe (Ghent, Belgium) and Asia (Suzhou, China). In Asia, the Company maintains sales offices in Japan, China, Taiwan, Korea and Singapore. Rogers has joint ventures in Japan and China with INOAC Corporation, in Taiwan with Chang Chun Plastics and in the U.S. with Mitsui Chemicals.

 The world runs better with Rogers.^®   www.rogerscorporation.com

 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 in the Rogers Corporation 2006 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 November 1, 2007 and Rogers undertakes no duty to update this information unless required by law.

 Additional Information and November 2, 2007 Conference Call

  For more information, please contact the Company directly, visit Rogers’ website on the Internet, or send a message by email.

Website Address: http://www.rogerscorporation.com  

Financial News Contact: Dennis M. Loughran, Vice President Finance and Chief Financial Officer

 Phone: 860-779-5508

 FAX: 860-779-4714

Investor Contact: William J. Tryon, Manager of Investor and Public Relations

Phone: 860-779-4037

FAX: 860-779-5509

Email: william.tryon@rogerscorporation.com

A conference call to discuss third quarter results will be held on Friday, November 2, 2007 at 9:00AM (Eastern Time).

The Rogers participants in the conference call will be:

Robert D. Wachob, President and CEO

Dennis M. Loughran, Vice President, Finance and CFO

Pete G. Kaczmarek, Vice President, High Performance Foams Division and Information       Technology

Debra J. Granger, Vice President, Corporate Compliance and Controls

Robert M. Soffer, Vice President and Secretary

Paul B. Middleton, Principal Accounting Officer and Treasurer

William J. Tryon, Manager of Investor and Public Relations

A Q&A session will immediately follow management’s comments.

To participate in the conference call, please call: 

1-800-574-8929 Toll-free in the United States

1-706-634-1907 Internationally 

There is no passcode for the live teleconference.

For playback access, please call: 1-800-642-1687 in the United States and 1-706-645-9291 internationally through 11:59PM (Eastern Time), Friday, November 9, 2007. The passcode for the audio replay is 22086385.

 The call will also be webcast live in a listen-only mode. The webcast may be accessed through links available on the Rogers Corporation website at www.rogerscorporation.com. Replay of the archived webcast will be available on the Rogers website beginning two hours following the webcast.