<SEC-DOCUMENT>0001157523-18-000838.txt : 20180426
<SEC-HEADER>0001157523-18-000838.hdr.sgml : 20180426
<ACCEPTANCE-DATETIME>20180426162322
ACCESSION NUMBER:		0001157523-18-000838
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180426
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180426
DATE AS OF CHANGE:		20180426

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ROGERS CORP
		CENTRAL INDEX KEY:			0000084748
		STANDARD INDUSTRIAL CLASSIFICATION:	PLASTICS, MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS [2821]
		IRS NUMBER:				060513860
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-04347
		FILM NUMBER:		18778890

	BUSINESS ADDRESS:	
		STREET 1:		2225 W CHANDLER BLVD
		CITY:			CHANDLER
		STATE:			AZ
		ZIP:			85224
		BUSINESS PHONE:		480-917-6000

	MAIL ADDRESS:	
		STREET 1:		2225 W CHANDLER BLVD
		CITY:			CHANDLER
		STATE:			AZ
		ZIP:			85224
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51796460.htm
<DESCRIPTION>ROGERS CORPORATION 8-K
<TEXT>
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    <p style="text-align: center">
      <br>
      <font style="font-family: Times New Roman; font-size: 14pt"><b>UNITED
      STATES</b></font><font style="font-size: 14pt"><br style="font-size: 14pt"></font><font style="font-family: Times New Roman; font-size: 14pt"><b>SECURITIES
      AND EXCHANGE COMMISSION</b></font><br><font style="font-family: Times New Roman; font-size: 10pt"><b>Washington,
      D.C. 20549</b></font><br>
    </p>
    <hr style="height: 2.0 pt; color: #000000; text-align: center; width: 100%">


    <p style="text-align: center">
      <br>
      <font style="font-family: Times New Roman; font-size: 14pt"><b>FORM 8-K</b></font><br><font style="font-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>
      </b></font><b><font style="font-family: Times New Roman; font-size: 10pt">Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></b><br><br><font style="font-family: Times New Roman; font-size: 10pt">Date
      of Report (Date of earliest event reported)</font><br><font style="font-family: Times New Roman; font-size: 10pt"><b>April
      26, 2018</b></font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><br><font style="font-family: Times New Roman; font-size: 14pt"><b>ROGERS
      CORPORATION</b></font><font style="font-family: Times New Roman"><br style="font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 10pt">(Exact
      name of registrant as specified in its charter)</font><br><br>
    </p>
    <div style="text-align:center">
    <table style="margin-left:auto;margin-right:auto; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt"><b>Massachusetts</b></font>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; width: 34%; padding-right: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>1-4347</b>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; width: 33%; padding-right: 0.0px" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>06-0513860</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other jurisdiction of incorporation<br>or organization)
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 34%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission File Number)
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: center; width: 33%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (I.R.S. Employer Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>
      <br>

    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>2225 West Chandler Blvd., Chandler, Arizona 85224</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: center" valign="bottom">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Address of principal executive offices)&#160;(Zip Code)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>(480)
      917-6000</b></font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-family: Times New Roman; font-size: 10pt">(Registrant&#8217;s
      telephone number, including area code)</font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-family: Times New Roman; font-size: 10pt"><b>Not
      Applicable</b></font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-family: Times New Roman; font-size: 10pt"></font><font style="font-family: Times New Roman; font-size: 10pt">(Former
      name or former address, if changed since last report)</font>
    </p>
    <p style="text-align: left">
      <font style="font-family: Times New Roman; font-size: 10pt">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:</font>
    </p>
    <p style="text-align: left">
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font><font style="font-family: Times New Roman; font-size: 10pt">
      Written communications pursuant to Rule 425 under the Securities Act (17
      CFR 230.425)</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font><font style="font-family: Times New Roman; font-size: 10pt">
      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
      CFR 240.14a-12)</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font><font style="font-family: Times New Roman; font-size: 10pt">
      Pre-commencement communications pursuant to Rule 14d-2(b) under the
      Exchange Act (17 CFR 240.14d-2(b))</font><br><font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font><font style="font-family: Times New Roman; font-size: 10pt">
      Pre-commencement communications pursuant to Rule 13e-4(c) under the
      Exchange Act (17 CFR 240.13e-4(c)) </font>
    </p>
    <p>
      Indicate by check mark whether the registrant is an emerging growth
      company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405
      of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).
    </p>
    <p>
      Emerging growth company&#160;&#160;<font style="font-family: Arial Unicode MS; font-size: 12pt">&#8414;</font>
    </p>
    <p>
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act.&#160;&#160;<font style="font-family: Arial Unicode MS; font-size: 12pt">&#8414;</font>
    </p>
    <div style="text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="white-space: nowrap">
      <b>Item 2.02&#160;&#160;&#160;&#160;&#160;Results of Operations and Financial Condition</b>
    </p>
    <p>

    </p>
    <p style="white-space: nowrap">
      <b>Item 7.01&#160;&#160;&#160;&#160;&#160;Regulation FD Disclosure</b>
    </p>
    <p>
      In a press release dated April 26, 2018, the Company announced its first
      quarter 2018 results and provided guidance for the second quarter of
      2018.&#160;&#160;A copy of the press release is furnished herewith as Exhibit
      99.1.&#160;&#160;The Company will also host a conference call and webcast on April
      26, 2018 to discuss its results of operations.
    </p>
    <p>
      All information in this Form 8-K and the Exhibit attached hereto,
      including guidance or any other forward-looking statements, speaks as of
      April 26, 2018, and the Company undertakes no duty to update this
      information to reflect subsequent events, actual results or changes in
      the Company&#8217;s expectations, unless required by law.
    </p>
    <p>
      The information in Items 2.02 and 7.01 of this Form 8-K and the Exhibit
      attached hereto shall not be deemed &#8220;filed&#8221; for purposes of Section 18
      of the Securities Exchange Act of 1934 or otherwise subject to the
      liabilities of that section, nor shall it be deemed incorporated by
      reference in any filing under the Securities Act of 1933, except as
      shall be expressly set forth by specific reference in such filing.
    </p>
    <p>

    </p>
    <p>
      <b>Item 9.01 &#160;&#160;&#160;&#160;Financial Statements and Exhibits.</b>
    </p>
    <p style="text-indent: 30.0px; font-family: Times New Roman; font-size: 10pt">
      (d)&#160;&#160;Exhibits
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 12%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Exhibit No.</b></u>
          </p>
        </td>
        <td style="padding-left: 100.0px; text-align: left; width: 88%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u><b>Description</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 12%">

        </td>
        <td style="width: 88%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; width: 12%; padding-right: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51796460ex99_1.htm">99.1</a>
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 88%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51796460ex99_1.htm">Press release, dated April 26, 2018,
            issued by Rogers Corporation</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap">

    </p>
    <p style="white-space: nowrap; margin-left: 120.0px">

    </p>
    <div style="text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt">SIGNATURES</font><br>
    </p>
    <p style="text-indent: 30.0px; text-align: left">
      Pursuant to the requirements of the Securities Exchange Act of 1934, the
      Registrant has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.
    </p>
    <p style="text-indent: 30.0px">
      <br>

    </p>
    <div style="text-align:center">
    <table style="margin-left:auto;margin-right:auto; font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt" cellspacing="0">
      <tr>
        <td style="width: 5%">
          &#160;
        </td>
        <td style="width: 45%">

        </td>
        <td colspan="3" style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>ROGERS CORPORATION</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 30%">

        </td>
        <td style="width: 17%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 3%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 30%">

        </td>
        <td style="width: 17%">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left; width: 5%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 45%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 3%" valign="top">
          By:
        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 30%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>/s/ Janice Stipp</u>
          </p>
        </td>
        <td style="width: 17%">

        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 3%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Janice Stipp
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="padding-left: 0.0px; text-align: left; width: 3%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Senior Vice President, Finance and
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="padding-left: 10.0px; text-align: left; width: 3%" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Chief Financial Officer
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="2">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 30%">

        </td>
        <td style="width: 17%">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2">

        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 30%">

        </td>
        <td style="width: 17%">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="2" style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Date: April 26, 2018
          </p>
        </td>
        <td style="width: 3%">

        </td>
        <td style="width: 30%">

        </td>
        <td style="width: 17%">

        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51796460ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Rogers
      Corporation Reports First Quarter 2018 Results</b></font>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 12pt"><b>First
      quarter 2018 highlights, versus first quarter 2017:</b></font>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <font style="font-family: Times New Roman; font-size: 12pt"><b>Net
        sales of $214.6 million, up 5.3%</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-family: Times New Roman; font-size: 12pt"><b>Gross
        margin of 35.7%, down 373 basis points</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-family: Times New Roman; font-size: 12pt"><b>Net
        income of $26.1 million, down 3.3%</b></font>
      </li>
      <li style="margin-bottom: 10.0px">
        <font style="font-family: Times New Roman; font-size: 12pt"><b>Earnings
        of $1.40 per diluted share; adjusted earnings of $1.48 per diluted
        share</b></font>
      </li>
    </ul>
    <p>
      CHANDLER, Ariz.--(BUSINESS WIRE)--April 26, 2018--Rogers Corporation
      (NYSE:ROG) today announced financial results for the 2018 first quarter.
    </p>
    <p>
      The Company reported 2018 first quarter net sales of $214.6 million,
      which was within the Company's previously announced guidance of $208 to
      $218 million, compared to 2017 first quarter net sales of $203.8
      million. Currency exchange rates favorably impacted 2018 first quarter
      net sales by $9.4 million due to strengthening in the Euro, Renminbi and
      Korean Won.
    </p>
    <p>
      Earnings for the 2018 first quarter were $1.40 per diluted share,
      compared to $1.47 per diluted share in the first quarter of 2017.
      Earnings per diluted share were above the Company's guidance of $1.15 to
      $1.30. On an adjusted basis, earnings were $1.48 per diluted share,
      compared to adjusted earnings of $1.68 per diluted share in the first
      quarter of 2017. Adjusted earnings were above the Company's guidance of
      $1.30 to $1.45 per diluted share.
    </p>
    <p>
      First quarter 2018 net income was $26.1 million, compared to $27.0
      million in the first quarter of 2017. Adjusted EBITDA was $41.4 million
      for the first quarter of 2018, compared to $54.3 million reported in the
      first quarter of 2017.
    </p>
    <p>
      Gross margin was 35.7% in the first quarter of 2018, compared to 39.4%
      in the first quarter of 2017. Operating margin was 14.5% in the first
      quarter of 2018, compared to 19.2% in the first quarter of 2017.
      Adjusted operating margin was 15.4% in the first quarter of 2018,
      compared to 22.0% in the first quarter of 2017.
    </p>
    <p>
      &quot;Strong growth in our Advanced Mobility markets, especially EV/HEV and
      ADAS, were highlights in the quarter. This strength was offset by lower
      demand in wireless infrastructure as the market transitions to 5G
      technology,&#8221; stated Bruce D. Hoechner, Rogers' President and CEO.
      &quot;Revenue mix and operational challenges largely in the Advanced
      Connectivity Solutions business were the primary factors contributing to
      our lower than anticipated margin performance during Q1. Our actions to
      resolve these operational issues, as well as the strong outlook in our
      key markets, give us confidence in our ability to achieve our 2020
      objectives.&quot;
    </p>
    <div style="text-indent: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <u><b>Business segment discussion</b></u>
    </p>
    <p>
      <u><b>Advanced Connectivity Solutions (ACS)</b></u><br>Advanced
      Connectivity Solutions reported 2018 first quarter net sales of $73.5
      million, a 6.5% decrease compared to 2017 first quarter net sales of
      $78.5 million. The decrease in 2018 first quarter net sales was largely
      driven by lower demand in wireless 4G LTE, portable electronics and
      satellite TV applications, partially offset by continued strength in
      demand for automotive advanced driver assistance systems (ADAS)
      revenues. First quarter 2018 net sales were favorably impacted by $1.8
      million due to fluctuations in currency exchange rates.
    </p>
    <p>
      <u><b>Elastomeric Material Solutions (EMS)</b></u><br>Elastomeric
      Material Solutions reported 2018 first quarter net sales of $78.1
      million, a 1.6% increase compared to 2017 first quarter net sales of
      $76.9 million. EMS net sales increased on higher demand in portable
      electronics, general industrial and electric and hybrid electric
      vehicles, partially offset by lower demand in mass transit and other
      applications. Fluctuations in currency exchange rates favorably impacted
      net sales by $2.0 million in the 2018 first quarter.
    </p>
    <p>
      <u><b>Power Electronics Solutions (PES)</b></u><br>Power Electronics
      Solutions reported 2018 first quarter net sales of $57.7 million, a
      35.3% increase compared to 2017 first quarter net sales of $42.7
      million. 2018 first quarter net sales increased due to broad based
      demand across markets, including particular strength in electric and
      hybrid electric vehicles, renewable energy and laser diode coolers.
      First quarter 2018 net sales were favorably impacted by $5.3 million due
      to fluctuations in currency exchange rates.
    </p>
    <p>
      <u><b>Other</b></u><br>Other reported 2018 first quarter net sales of
      $5.4 million, a decrease of 7.3% compared to the first quarter of 2017
      sales of $5.8 million.
    </p>
    <div style="text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <u><b>Balance sheet and other highlights</b></u>
    </p>
    <p>
      <u><b>Cash position</b></u><br>Rogers ended the first quarter of 2018
      with cash and cash equivalents of $173.0 million, a decrease of $8.1
      million from $181.2 million at December&#160;31, 2017. The primary drivers of
      the lower cash balance were capital spending of $9.1 million, tax
      payments related to vested equity awards of $6.4 million, and share
      repurchases of $3.0 million, partially offset by $8.8 million of net
      cash provided by operating activities.
    </p>
    <p>
      <u><b>Cash flow</b></u><br>Net cash provided from operating activities
      of $8.8 million in the first quarter of 2018, a decrease compared to
      $23.2 million in 2017. The decrease in net cash provided by operating
      activities was primarily driven by the use of working capital. Capital
      spending was $9.1 million in 2018, an increase compared to $5.3 million
      in 2017.
    </p>
    <p>
      <u><b>Effective tax rate</b></u><br>Rogers' effective income tax rate
      was 15.4% and 32.3% for the three months ended March 31, 2018 and 2017,
      respectively. The decrease was primarily due to a lower U.S. effective
      tax rate as a result of U.S. Tax Reform, changes in pretax income mix
      across jurisdictions with disparate tax rates, excess tax deductions on
      stock-based compensation, R&amp;D credits and a release of reserves for
      uncertain tax positions partially offset by an increase in current year
      accruals for uncertain tax positions.
    </p>
    <p>
      <u><b>Financial outlook</b></u><br>Rogers guides its 2018 second quarter
      net sales to a range of $210 to $220 million. Rogers guides its 2018
      second quarter earnings to a range of $1.10 to $1.25 per diluted share.
      Adjusted earnings are guided to a range of $1.25 to $1.40 per diluted
      share.
    </p>
    <p>
      Rogers guides 2018 full year capital spending to be in the range of $50
      to $60 million.
    </p>
    <p>
      Rogers guides the 2018 full year effective tax rate to be 24-26%, with a
      second quarter effective tax rate of 28-29%.
    </p>
    <div style="text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <u><b>About Rogers Corporation</b></u><br>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,
      e-Mobility and renewable 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 Arizona (USA),
      Rogers operates manufacturing facilities in the United States, China,
      Germany, Belgium, Hungary, and South Korea, with joint ventures and
      sales offices worldwide.
    </p>
    <p>
      <u><b>Safe Harbor Statement</b></u><br>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: failure to capitalize on, and volatility within, the
      Company's growth drivers, including internet connectivity, clean energy,
      and safety and protection, as well as specific market and industry
      trends within these growth drivers; 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 and related
      integration considerations; 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 quarterly reports on 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.
    </p>
    <div style="text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <i><b>Conference call and additional information</b></i>
    </p>
    <p>
      A conference call to discuss 2018 first quarter results today on
      Thursday April 26, 2018 at 5 pm ET.
    </p>
    <p>
      A live webcast and slide presentation will be available under the
      investors section of <u>www.rogerscorp.com/ir</u>.
    </p>
    <p>
      <b>To participate, please dial:</b>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1-800-574-8929
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Toll-free in the United States
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1-973-935-8524
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: left" valign="top">
          Internationally
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="4" style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            There is no passcode for the live teleconference.
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="4">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      If you are unable to attend, a conference call playback will be
      available from April 26, 2018 at approximately 8 pm ET through May 3,
      2018 at 11:59 pm ET, by dialing 1-855-859-2056 from the United States,
      and 1-404-537-3406 from outside of the US, each with passcode 8976379.
    </p>
    <p>
      Additionally, the archived webcast will be available on the Rogers
      website at approximately 8 pm ET April 26, 2018.
    </p>
    <p>
      <b>Additional information</b><br>Please contact the Company directly via
      email or visit the Rogers website.
    </p>
    <p style="text-align: center">
      <i>(Financial statements follow)</i>
    </p>
    <div style="text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="10">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="10" style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <i><b>Condensed Consolidated Statements of Operations (Unaudited)</b></i>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" valign="bottom">
          <b>Quarter Ended</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          (DOLLARS AND SHARES IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" valign="bottom">
          <b>March 31, 2018</b>
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" valign="bottom">
          March 31, 2017
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Net sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>214,611</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          203,828
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Cost of sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>138,005</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          123,478
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Gross margin
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>76,606</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          80,350
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Selling, general and administrative expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>40,597</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          34,569
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Research and development expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>8,134</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          6,961
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Restructuring and asset impairment charges
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>422</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          725
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Other operating (income) expense, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>(3,591</b>
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          (942
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Operating income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>31,044</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          39,037
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Equity income in unconsolidated joint ventures
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>1,007</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1,009
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Other income (expense), net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>66</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1,119
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Interest expense, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>(1,210</b>
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          (1,248
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Income before income tax expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>30,907</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          39,917
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Income tax expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>4,771</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          12,885
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">
          Net income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          <b>26,136</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          27,032
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="3" style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">
          Basic earnings per share
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          <b>1.43</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          1.50
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="3" style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 4.0px; text-align: left" valign="bottom">
          Diluted earnings per share
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          <b>1.40</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: double; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 2.25pt" valign="bottom">
          1.47
        </td>
        <td style="border-bottom-color: black; border-bottom-style: double; border-bottom-width: 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Shares used in computing:
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; text-align: left" valign="bottom">
          Basic earnings per share
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>18,288</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          18,056
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 15.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          Diluted earnings per share
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>18,610</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          18,373
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      Please note for adoption of ASU 2017-07, Rogers has reclassified a first
      quarter 2017 pension and OPEB income, in the amount of $404 thousand,
      from selling, general and administrative expense to other income
      (expense), net, in the condensed consolidated statement of operations
      above.
    </p>
    <div style="text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="10">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="10" style="padding-left: 0.0px; text-align: center" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <i><b>Condensed Consolidated Statements of Financial Position
            (Unaudited)</b></i>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          <i>(IN THOUSANDS)</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" valign="bottom">
          <b>March 31, 2018</b>
        </td>
        <td>

        </td>
        <td colspan="3" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" valign="bottom">
          December 31, 2017
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Assets</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Cash and cash equivalents
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>173,019</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          181,159
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Accounts receivable, less allowance for doubtful accounts of $1,158
          and $1,525
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>150,038</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          140,562
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Contract assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>22,040</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Inventories
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>107,935</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          112,557
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Prepaid income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>2,561</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          3,087
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Asbestos-related insurance receivables
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>5,682</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          5,682
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Assets held for sale
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>896</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          896
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Other current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>13,614</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          10,580
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Total current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>475,785</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          454,523
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Property, plant and equipment, net of accumulated depreciation
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>181,803</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          179,611
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Investments in unconsolidated joint ventures
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>18,301</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          18,324
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Deferred income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>5,025</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          6,008
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Goodwill
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>239,052</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          237,107
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Other intangible assets, net of amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>156,998</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          160,278
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Asbestos-related insurance receivables
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>63,511</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          63,511
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Other long-term assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>5,652</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          5,772
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Total assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>1,146,127</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          1,125,134
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          <b>Liabilities and Shareholders&#8217; Equity</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="bottom">
          Current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Accounts payable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>41,346</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          36,116
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Accrued employee benefits and compensation
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>26,178</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          39,394
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Accrued income taxes payable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>1,748</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          6,408
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Current portion of lease obligations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>604</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          579
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Current portion of asbestos-related liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>5,682</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          5,682
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Other accrued liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>24,336</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          25,629
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Total current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>99,894</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          113,808
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 5.0px; text-align: left" valign="bottom">
          Borrowings under credit facility
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>130,982</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          130,982
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Long-term lease obligations
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>5,853</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          5,873
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Pension liability
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>8,720</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          8,720
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Retiree health care and life insurance benefits
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>1,685</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1,685
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Asbestos-related liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>70,207</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          70,500
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Non-current income tax
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>12,496</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          12,823
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Deferred income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>13,086</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          10,706
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Other long-term liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>4,181</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          3,464
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Shareholders&#8217; Equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Capital Stock - $1 par value; 50,000 authorized shares; 18,365 and
          18,255 shares outstanding
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>18,365</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          18,255
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Additional paid-in capital
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>123,104</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          128,933
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; text-align: left" valign="bottom">
          Retained earnings
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>714,888</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          684,540
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 10.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Accumulated other comprehensive loss
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>(57,334</b>
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          (65,155
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Total shareholders' equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>799,023</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          766,573
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; padding-bottom: 2.0px; text-align: left" valign="bottom">
          Total liabilities and shareholders' equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>$</b>
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>1,146,127</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          $
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          1,125,134
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <i><b>Reconciliation of non-GAAP financial measures to the comparable
      GAAP measures</b></i>
    </p>
    <p>
      <i><b>Non-GAAP financial measures:</b></i>
    </p>
    <p>
      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 (&#8220;GAAP&#8221;):
    </p>
    <p>
      (1) Adjusted earnings per diluted share, which the Company defines as
      earnings per diluted share excluding acquisition-related amortization of
      intangible assets and discrete items, such as restructuring expenses,
      gain from antitrust litigation settlement, acquisition and related
      integration costs, and gains or losses on asset or business dispositions
      (collectively, &#8220;Discrete Items&#8221;);
    </p>
    <p>
      (2) Adjusted EBITDA, which the Company defines as net income excluding
      interest expense, income tax expense, depreciation and amortization, and
      Discrete Items; and
    </p>
    <p>
      (3) Adjusted operating margin, which the Company defines as operating
      margin excluding acquisition-related amortization of intangible assets
      and Discrete Items.
    </p>
    <p>
      Management believes each of these measures is useful to investors
      because they allow for comparison to the Company&#8217;s performance in prior
      periods without the effect of items that, by their nature, tend to
      obscure the Company&#8217;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 earnings per diluted
      share, adjusted EBITDA and adjusted operating margin enhance the ability
      of investors to analyze trends in the Company&#8217;s business and evaluate
      the Company&#8217;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.
    </p>
    <div style="text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="6">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="6" style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <i><b>Reconciliation of GAAP earnings per diluted share to
            adjusted earnings per diluted share for the first quarter:</b></i>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          2017
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          <b>Earnings per diluted share</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" valign="bottom">
          <b>Q1</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" valign="bottom">
          Q1
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          GAAP earnings per diluted share
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>$1.40</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $1.47
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Restructuring, severance, impairment and other related costs
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>0.06</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          0.03
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Acquisition and related integration costs
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>0.02</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          0.04
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Gain from antitrust litigation settlement
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>(0.15)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Gain on sale of long-lived asset
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>&#8212;</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (0.03)
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          Purchase accounting inventory adjustment
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>&#8212;</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          0.05
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          Total discrete items
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>($0.07)</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          $0.09
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          Earnings per diluted share adjusted for discrete items
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>$1.33</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          $1.56
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Acquisition intangible amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>0.15</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          0.12
        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          Adjusted earnings per diluted share
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>$1.48</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          $1.68
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td colspan="8" style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <i><b>Reconciliation of GAAP net income to adjusted EBITDA for the
            first quarter*:</b></i>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          2017
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          (amounts in millions)
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" valign="bottom">
          <b>Q1</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td colspan="2" style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" valign="bottom">
          Q1
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Net income
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>$26.1</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          $27.0
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Interest expense, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>1.2</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1.3
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Income tax expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>4.8</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          12.9
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Depreciation
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>7.3</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          7.2
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>3.8</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          3.3
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Restructuring, severance, impairment and other related costs
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>1.4</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          0.7
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Acquisition and related integration costs
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>0.4</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1.2
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Gain from antitrust litigation settlement
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>(3.6</b>
        </td>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>)</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          &#8212;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Loss (gain) on sale of long-lived assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>&#8212;</b>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: right; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (0.9
        </td>
        <td style="padding-left: 0.0px; text-align: left; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          Purchase accounting inventory adjustment
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>&#8212;</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          1.6
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          Adjusted EBITDA
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>$41.4</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: right; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          $54.3
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      <i>*Values in table may not add due to rounding.</i>
    </p>
    <div style="text-indent: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td colspan="6">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="6" style="padding-left: 0.0px; text-align: left" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <i><b>Reconciliation of GAAP operating margin to adjusted
            operating margin for the first quarter*:</b></i>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>2018</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          2017
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          <b>Operating margin</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" valign="bottom">
          <b>Q1</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" valign="bottom">
          Q1
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          GAAP operating margin
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>14.5%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          19.2%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Restructuring, severance, impairment and other related costs
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>0.7%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          0.3%
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Acquisition and related integration costs
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>0.2%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          0.6%
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Gain from antitrust litigation settlement
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>(1.7)%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          &#8212;%
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Loss (gain) on sale of long-lived assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>&#8212;%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          (0.4)%
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          Purchase accounting inventory adjustment
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>&#8212;%</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          0.8%
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          Total discrete Items
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>(0.8)%</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          1.2%
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          Operating margin adjusted for discrete items
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>13.6%</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          20.4%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Acquisition intangible amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>1.8%</b>
        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          1.6%
        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          Adjusted operating margin
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>15.4%</b>
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          22.0%
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      <i>*Percentages in table may not add due to rounding.</i>
    </p>
    <p>
      <i><b>Reconciliation of GAAP earnings per diluted share to adjusted
      earnings per diluted share guidance for the 2018 first quarter:</b></i>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" valign="bottom">
          <b>Guidance</b><br><b>Q1 2018</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          GAAP earnings per diluted share
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>$1.15 - $1.30</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Discrete items
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>$0.01</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Acquisition intangible amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>$0.14</b>
        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          Adjusted earnings per diluted share
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>$1.30 - $1.45</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>
      <i><b>Reconciliation of GAAP earnings per diluted share to adjusted
      earnings per diluted share guidance for the 2018 second quarter:</b></i>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; border-bottom-width: 1.0pt" valign="bottom">
          <b>Guidance</b><br><b> Q2 2018</b>
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          GAAP earnings per diluted share
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>$1.10 - $1.25</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Discrete items
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>$0.01</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; text-align: left" valign="bottom">
          Acquisition intangible amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="padding-left: 0.0px; text-align: center; white-space: nowrap; padding-right: 0.0px" valign="bottom">
          <b>$0.14</b>
        </td>
      </tr>
      <tr>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: left; border-bottom-width: 1.0pt" valign="bottom">
          Adjusted earnings per diluted share
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-style: solid; border-bottom-width: 1.0pt">
          &#160;
        </td>
        <td style="padding-left: 0.0px; border-bottom-color: black; border-bottom-style: solid; text-align: center; white-space: nowrap; padding-right: 0.0px; border-bottom-width: 1.0pt" valign="bottom">
          <b>$1.25 - $1.40</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">

    </p>
    <p>
      CONTACT:<br><b>Investor contact:</b><br>Rogers Corporation<br>Jack
      Monti, 480-917-6026<br><u>jack.monti@rogerscorp.com</u><br><u>http://www.rogerscorp.com</u>
    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
