Exhibit 99.1

Rogers Corporation Reports Second Quarter 2016 Results

• Second quarter net sales of $157.5 million, down 3.4%; substantially all of the decline is due to the December 2015 divestiture of certain non-core assets
• Second quarter gross margin of 38.2%, up 100 basis points
• Second quarter operating margin of 11.9%, down 70 basis points; adjusted operating margin of 13.5%, down 110 basis points

ROGERS, Conn.--(BUSINESS WIRE)--August 8, 2016--Rogers Corporation (NYSE:ROG) today announced financial results for the 2016 second quarter.

The Company reported 2016 second quarter net sales of $157.5 million, within the Company’s previously announced guidance range. In the 2015 second quarter, net sales were $163.1 million, which included $4.9 million of net sales related to the polyimide and thermoset laminate business, which the Company sold in December 2015. Net sales were unfavorably impacted by $0.3 million as a result of currency fluctuations, primarily related to the Euro and Renminbi.

2016 second quarter earnings were $0.29 per diluted share, which fell below the Company’s previously announced guidance range due primarily to a discrete tax related expense of $0.49 per diluted share (related to taxes associated with the Company’s repatriation of foreign earnings from prior years). Adjusted earnings per diluted share were $0.88, in line with the Company’s previously announced guidance. The 2015 second quarter earnings were $0.71 per diluted share ($0.77 adjusted earnings per diluted share). The 2016 second quarter net income was $5.4 million and adjusted EBITDA was $29.0 million compared to net income of $13.6 million and adjusted EBITDA of $29.5 million for the 2015 second quarter.

The Company’s gross margin was 38.2% in the 2016 second quarter compared to 37.2% for the 2015 second quarter resulting from operational excellence and cost improvement initiatives. Operating margin was 11.9% (13.5% adjusted operating margin) for the 2016 second quarter compared to 12.6% (14.6% adjusted operating margin) for the 2015 second quarter.

Bruce D. Hoechner, President and CEO stated, “Rogers’ Q2 net sales and adjusted earnings results were within our previously announced Q2 guidance range. Our discipline around cost management and commitment to continuous operational improvements contributed to a gross margin of 38.2%, an increase of 100 basis points over Q2 2015. We believe our actions, such as repatriating foreign earnings and investments in key market analyses, position us well to fulfill our strategic goals. While we are cautious in the near-term and expect market uncertainty to continue into Q3, our strategic investments will drive greater agility and flexibility to address fluctuations in market dynamics.”

Business Segment Discussion

Advanced Connectivity Solutions (ACS)

Advanced Connectivity Solutions reported record second quarter net sales of $67.2 million, a 1.2% increase compared to the 2015 second quarter net sales of $66.4 million. Fluctuations in currency exchange rates unfavorably impacted net sales in the second quarter by $0.4 million or 0.6% as compared with the 2015 second quarter. The 2016 second quarter results were favorably impacted by growth in sales of high frequency circuit materials used in automotive safety applications and 4G/LTE wireless telecom applications, which more than offset lower demand in satellite TV dish applications.

Elastomeric Material Solutions (EMS)

Elastomeric Material Solutions reported net sales of $45.8 million for the 2016 second quarter, a 2.7% decline compared to 2015 second quarter net sales of $47.0 million. Fluctuations in currency exchange rates unfavorably impacted net sales in the second quarter by $0.6 million or 1.2% as compared with the 2015 second quarter. The 2016 second quarter results were unfavorably impacted by lower demand in general industrial applications (primarily in North America), mass transit and consumer applications. These unfavorable impacts were partially offset by growth in automotive and portable electronics applications.

Power Electronics Solutions (PES)

Power Electronics Solutions reported net sales of $38.4 million for the 2016 second quarter, a 0.5% decrease compared to 2015 second quarter net sales of $38.5 million. Fluctuations in currency exchange rates favorably impacted net sales in the second quarter by $0.8 million or 2.1% as compared to the 2015 second quarter. The 2016 second quarter results were unfavorably impacted by weaker demand in mass transit, which more than offset increased demand in energy efficient motor drives (variable frequency drives), certain renewable energy and vehicle electrification applications.

Other

The Other segment reported net sales of $6.1 million for the 2016 second quarter, a decrease of 44.9% compared to 2015 second quarter net sales of $11.1 million, which included $4.9 million of net sales related to the polyimide and thermoset epoxy laminate product business, which the Company sold in the 2015 fourth quarter. Net sales were also unfavorably impacted by $0.1 million, or 1.9%, due to fluctuations in currency exchange rates as compared with the 2015 second quarter.

Operational Highlights

Rogers ended the 2016 second quarter with cash and cash equivalents of $247.4 million, an increase of $42.8 million, or 20.9%, from $204.6 million at December 31, 2015. Net cash provided by operating activities was $51.3 million for the first half of 2016 compared to the $22.4 million for the first half of 2015. Capital expenditures were $5.2 million for the 2016 second quarter and $10.0 million year-to-date. The Company repurchased 31,674 shares at an aggregate cost of $2.0 million during the 2016 second quarter. Under its current share repurchase program of up to $100.0 million of shares initiated in the 2015 third quarter, the Company has repurchased 797,214 shares at an aggregate cost of $44.0 million.

The Company’s 2016 second quarter tax rate was 71.0%, which was unfavorably impacted by withholding taxes and a non-cash tax charge associated with the repatriation of prior years’ foreign earnings.

Outlook

Rogers projects its 2016 third quarter net sales to be between $150 to $160 million and earnings to be between $0.60 and $0.70 per diluted share and adjusted earnings are expected to be between $0.69 and $0.79 per diluted share.

For full year 2016, Rogers expects capital expenditures to be approximately $25 million and its effective tax rate to be approximately 42% (included in the rate is the repatriation of prior years’ foreign earnings, increasing the effective tax rate by approximately 10%).

About Rogers Corporation

Rogers Corporation (NYSE:ROG) is a global leader in engineered materials to power, protect, and connect our world. With more than 180 years of materials science experience, Rogers delivers high-performance solutions that enable clean energy, internet connectivity, and safety and protection applications, as well as other technologies where reliability is critical. Rogers delivers Power Electronics Solutions for energy-efficient motor drives, vehicle electrification and alternative energy; Elastomeric Material Solutions for sealing, vibration management and impact protection in mobile devices, transportation interiors, industrial equipment and performance apparel; and Advanced Connectivity Solutions for wireless infrastructure, automotive safety and radar systems. Headquartered in Connecticut (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Belgium, Hungary, and South Korea, with joint ventures and sales offices worldwide. For more information, visit www.rogerscorp.com.

Safe Harbor Statement

This release contains forward-looking statements, which may concern our plans, objectives, outlook, goals, strategies, future events, future net sales or performance, capital expenditures, financing needs, future restructuring, plans or intentions relating to expansions, business trends and other information that is not historical information. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control, which could cause actual results to differ materially from the results discussed in the forward-looking statements. Risks that could cause such results to differ include: volatility within the Internet Connectivity, Clean Energy, and Safety and Protection megatrends on which our business is focused, as well as specific market and industry trends within these megatrends; business, economic and political conditions in the United States and abroad, particularly in China, South Korea, Germany, Hungary and Belgium, where we maintain significant manufacturing, sales or administrative operations; fluctuations in foreign currency exchange rates; research and development efforts; competitive developments; business development transactions; the outcome of ongoing and future litigation, including our asbestos-related product liability litigation; and changes in laws and regulations applicable to our business. For additional information about the risks, uncertainties and other factors that may affect our business, please see our most recent Annual Report on Form 10-K and any subsequent forms 10-Q filed with the Securities and Exchange Commission. Rogers Corporation assumes no responsibility to update any forward-looking statements contained herein except as required by law.

Additional Information and August 9, 2016 Conference Call

For more information, please contact the Company directly, via email or visit the Rogers website.

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

A conference call to discuss 2016 second quarter results will be held on Tuesday, August 9, 2016 at 9:00AM (Eastern Time).

A slide presentation will be made available prior to the start of the call. The slide presentation can be accessed under the investor relations section of the Rogers Corporation website (www.rogerscorp.com/ir).

The Rogers participants in the conference call will be:

Bruce D. Hoechner, President and CEO
Janice E. Stipp, Vice President, Finance, CFO and Corporate Treasurer
Robert C. Daigle, Senior Vice President and CTO

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

For playback access, please call: 1-855-859-2056 in the United States and 1-404-537-3406 internationally through 11:59PM (Eastern Time), August 15, 2016. The passcode for the audio replay is 46676844.

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.rogerscorp.com/ir. Replay of the archived webcast will be available on the Rogers website approximately two hours following the webcast.

(Financial Statements Follow)

Reconciliation of non-GAAP Financial Measures to the Comparable GAAP Measures

Non-GAAP financial measures:

This earnings release includes the following financial measures that are not presented in accordance with generally accepted accounting principles in the United States of America (“GAAP”):

(1) Adjusted EBITDA, which the company defines as net income excluding interest expense, net income tax expense, depreciation and amortization, and discrete items, such as restructuring expenses, certain costs associated with acquisitions, and gains or losses on asset or business dispositions (collectively, “Discrete Items”);

(2) Adjusted earnings per diluted share, which the Company defines as earnings per diluted share excluding acquisition-related amortization of intangible assets and Discrete Items; and

(3) Adjusted operating margin, which the Company defines as operating margin excluding acquisition-related amortization of intangible assets and Discrete Items.

Management believes each of these measures is useful to investors because they allow for comparison to the Company’s performance in prior periods without the effect of items that, by their nature, tend to obscure the Company’s core operating results due to the potential variability across periods based on the timing, frequency and magnitude. As a result, management believes that adjusted EBITDA, adjusted earnings per diluted share and adjusted operating margin enhance the ability of investors to analyze trends in the Company’s business and evaluate the Company’s performance relative to peer companies. However, non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation from, or solely as alternatives to, financial measures prepared in accordance with GAAP. In addition, these non-GAAP financial measures may differ from similarly named measures used by other companies. Reconciliations of the differences between these non-GAAP financial measures and their most directly comparable financial measures calculated in accordance with GAAP are set forth below.

Reconciliation of GAAP to non-GAAP Earnings Per Diluted Share for the Second Quarter:

The following table includes adjustments to earnings per diluted share.

Reconciliation of Net Income to Adjusted EBITDA for the Second Quarter:

The following table includes adjustments to net income.

Reconciliation of GAAP to non-GAAP Operating Margin for the Second Quarter:

The following table includes adjustments to operating margin.

Reconciliation of GAAP to non-GAAP Earnings Per Share Guidance for the 2016 Second Quarter:

The following table includes adjustments to earnings per diluted share.

Reconciliation of GAAP to non-GAAP Earnings Per Share Guidance for the 2016 Third Quarter:

The following table includes adjustments to the Company’s guidance for earnings per diluted share in the 2016 third quarter.

Reconciliation of GAAP to non-GAAP Earnings Per Share for the 2015 Third Quarter:

The following table includes adjustments to earnings per diluted share.

CONTACT:
Rogers Corporation
Financial News Contact:
Janice E. Stipp, 860-779-4033
Vice President, Finance, Chief Financial Officer and Corporate Treasurer
FAX: 860-779-5509
or
Investor Contact:
William J. Tryon, 860-779-4037
Director, Investor and Public Relations
FAX: 860-779-5509
william.tryon@rogerscorp.com