SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 10-Q

 (Mark One)

[X]   QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934

For the quarterly period ended September 28, 2003

                                       OR

[  ]   TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
       EXCHANGE ACT OF 1934

For the transition period from                             to
                                          -----------------   ---------------


Commission file number 1-4347


                               ROGERS CORPORATION
- --------------------------------------------------------------------------------
             (Exact name of Registrant as specified in its charter)


         Massachusetts                                            06-0513860
- --------------------------------------------------------------------------------
(State or other jurisdiction of                                (I.R.S. Employer
incorporation or organization)                               Identification No.)


P.O. Box 188, One Technology Drive, Rogers, Connecticut            06263-0188
- --------------------------------------------------------------------------------
(Address of principal executive offices)                           (Zip Code)


Registrant's telephone number, including area code               (860) 774-9605
- --------------------------------------------------------------------------------

Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.

                                        Yes    X         No
                                            --------        ---------

Indicate by check mark whether the registrant is an accelerated filer (as
defined in Rule 12b-2 of the Exchange Act).

                                        Yes    X         No
                                            --------        ---------


The number of shares outstanding of the Registrant's classes of common stock as
of October 26, 2003:

                 Capital Stock, $1 Par Value - 16,181,021 shares



                                       1




                 ROGERS CORPORATION AND CONSOLIDATED AFFILIATES
                                    FORM 10-Q
                               September 28, 2003


                                      INDEX





                                                                                                             Page No.

PART I--FINANCIAL INFORMATION

Item 1.  Financial Statements (Unaudited):

                                                                                                                  
      Condensed Statements of Income                                                                                 3

      Condensed Statements of Financial Position                                                                   4-5

      Condensed Statements of Cash Flows                                                                             6

      Supplementary Notes                                                                                         7-13

Item 2.  Management's Discussion and Analysis of
            Financial Condition and Results of Operations                                                        13-16

Item 3.  Quantitative and Qualitative Disclosures About Market Risk                                              16-17

Item 4.  Controls and Procedures                                                                                    17

PART II--OTHER INFORMATION

Item 1.  Legal Proceedings                                                                                       17-18

Item 6.  Reports on Form 8-K                                                                                        18

Signatures                                                                                                          19

Exhibit Index                                                                                                       20

Certifications Pursuant to the Sarbanes-Oxley Act of 2002                                                        21-26






                                       2





                         PART I - FINANCIAL INFORMATION

                          ITEM I. FINANCIAL STATEMENTS

                 ROGERS CORPORATION AND CONSOLIDATED AFFILIATES
                         CONDENSED STATEMENTS OF INCOME
              (Dollars in Thousands Except for Per Share Amounts)




                                                   Three Months Ended:            Nine Months Ended:
                                                       (Unaudited)                    (Unaudited)
                                             --------------------------------------------------------------
                                                   Sept 28,      Sept 29,        Sept 28,         Sept 29,
                                                     2003           2002           2003             2002
                                             --------------------------------------------------------------

                                                                                      
Net Sales                                           $56,497         $56,034      $157,534         $167,922

  Cost of Sales                                      37,791          38,571       107,614          116,520
  Selling and Administrative Expenses                10,269           9,568        29,085           29,776
  Research and Development Expenses                   3,484           3,417         9,132           10,522
                                             --------------------------------------------------------------

Total Costs and Expenses                             51,544          51,556       145,831          156,818
                                             --------------------------------------------------------------

Operating Income                                      4,953           4,478        11,703           11,104

Other Income less Other Charges                       3,438           2,435        11,158            7,215
Interest Income (Expense), Net                           48             (71)          179             (257)
                                             --------------------------------------------------------------

Income Before Income Taxes                            8,439           6,842        23,040           18,062

Income Taxes                                         (2,110)         (2,072)       (5,760)          (4,877)
                                             --------------------------------------------------------------

Net Income                                           $6,329          $4,770       $17,280          $13,185
                                             ==============================================================

Net Income Per Share:
  Basic                                               $0.40           $0.31         $1.10            $0.85
                                             ==============================================================
  Diluted                                             $0.39           $0.30         $1.07            $0.82
                                             ==============================================================


The accompanying notes are an integral part of the condensed financial statements.




                                       3



                 ROGERS CORPORATION AND CONSOLIDATED AFFILIATES
                   CONDENSED STATEMENTS OF FINANCIAL POSITION

                                     ASSETS
                             (Dollars in Thousands)
                                  (Unaudited)





                                                               September 28,     December 29,
                                                                        2003            2002
                                                          ----------------------------------------
Current Assets:

                                                                                    
  Cash and Cash Equivalents                                         $35,273               $22,300

  Short-term Investments                                                 --                 6,628

  Accounts Receivable, Net                                           43,480                32,959

  Accounts Receivable, Joint Ventures                                 1,385                 1,414

  Note Receivable, Current                                            2,100                    --

  Inventories:
      Raw Materials                                                   5,423                 5,525
      In-Process and Finished                                        12,712                12,544
                                                          ----------------------------------------
         Total Inventories                                           18,135                18,069

  Current Deferred Income Taxes                                       4,985                 4,985

  Other Current Assets                                                1,663                 1,320
                                                          ----------------------------------------

         Total Current Assets                                       107,021                87,675

Note Receivable, Long-Term                                            9,900                12,000

Property, Plant and Equipment, Net of
   Accumulated Depreciation of
   $101,501 and $90,285                                             104,479                99,883

Investment in Unconsolidated Joint Ventures                          23,145                21,860

Pension Asset                                                         8,951                 8,951

Goodwill and Other Intangibles, Net                                  22,204                22,204

Other Assets                                                          5,394                 5,128
                                                          ----------------------------------------

         Total Assets                                              $281,094              $257,701
                                                          ========================================


The accompanying notes are an integral part of the condensed financial statements.





                                       4



                 ROGERS CORPORATION AND CONSOLIDATED AFFILIATES
             CONDENSED STATEMENTS OF FINANCIAL POSITION - CONTINUED

                      LIABILITIES AND SHAREHOLDERS' EQUITY
                             (Dollars in Thousands)
                                  (Unaudited)




                                                                       September 28,        December 29,
                                                                                2003               2002
                                                                -----------------------------------------
Current Liabilities:

                                                                                           
   Accounts Payable                                                         $10,484              $10,125
   Accrued Employee Benefits and Compensation                                11,516               10,414
   Accrued Income Taxes Payable                                              13,169                8,249
   Taxes, Other than Federal and Foreign Income                                  10                  542
   Other Accrued Liabilities                                                  5,321                5,450
                                                                -----------------------------------------
        Total Current Liabilities                                            40,500               34,780

Noncurrent Deferred Income Taxes                                              8,868                8,308

Noncurrent Pension Liability                                                 17,124               22,658

Noncurrent Retiree Health Care and Life
    Insurance Benefits                                                        6,197                6,197

Other Long-Term Liabilities                                                   2,202                2,720

Commitments and Contingencies                                                    --                   --

Shareholders' Equity:

   Capital Stock, $1 Par Value:
  Authorized Shares 50,000,000; Issued
  Shares 16,175,689 and 15,856,748                                           16,176               15,857
   Additional Paid-In Capital                                                38,584               36,600
   Retained Earnings                                                        165,335              148,045
Accumulated Other Comprehensive Loss                                         (1,959)              (4,693)
Treasury Stock (330,516 and 360,487 shares, at cost)                        (11,933)             (12,771)
                                                                -----------------------------------------

     Total Shareholders' Equity                                             206,203              183,038
                                                                -----------------------------------------

    Total Liabilities and Shareholders' Equity                             $281,094             $257,701
                                                                =========================================


The accompanying notes are an integral part of the condensed financial statements.





                                       5



                 ROGERS CORPORATION AND CONSOLIDATED AFFILIATES
                       CONDENSED STATEMENTS OF CASH FLOWS
                             (Dollars in Thousands)




                                                                       Nine Months Ended:
                                                                          (Unaudited)
                                                                 ------------------------------
                                                                    Sept 28, 2003 Sept 29, 2002
                                                                 ------------------------------
OPERATING ACTIVITIES:
- -----------------------------------------------------------------
                                                                                 
Net Income                                                               $17,280       $13,185
Adjustments to Reconcile Net Income to Net Cash
   Provided by (Used in) Operating Activities:
      Depreciation and Amortization                                        9,645        11,033
      Equity in Undistributed Income of Unconsolidated Joint
       Ventures, Net                                                      (5,918)       (6,233)
      Loss on Disposition of Assets                                          250            --
    Changes in Operating Assets and Liabilities:
          Accounts Receivable                                            (13,108)       (6,699)
          Accounts Receivable, Joint Ventures                                 14         3,002
          Inventories                                                        408         3,527
          Other Current Assets                                              (298)       (1,392)
          Accounts Payable and Accrued Expenses                            5,158         7,684
          Noncurrent Pension and Postretirement Benefits                  (5,533)       (3,026)
          Other, Net                                                        (624)         (925)
                                                                 ------------------------------

            Net Cash Provided by Operating Activities                      7,274        20,156

INVESTING ACTIVITIES:
- -----------------------------------------------------------------
Capital Expenditures                                                     (11,345)       (8,762)
Acquisition of Business                                                       --        (8,000)
Divestiture of Business                                                    3,268            --
Short-term Investments                                                     6,628            --
Investment in Unconsolidated Joint Ventures and Affiliates                 4,633         2,962
                                                                 ------------------------------

            Net Cash Provided by (Used in) Investing Activities            3,184       (13,800)

FINANCING ACTIVITIES:
- -----------------------------------------------------------------
Proceeds from Short - and Long-Term Borrowings                                --         4,443
Repayments of Debt Principal                                                  --        (2,362)
Repayment of Life Insurance Debt                                              --        (3,081)
Proceeds from Disposition of Treasury Stock                                  598           582
Proceeds from Sale of Capital Stock, Net                                   2,374           525
                                                                 ------------------------------

            Net Cash Provided by Financing Activities                      2,972           107

Effect of Exchange Rate Changes on Cash                                     (457)          302
                                                                 ------------------------------

Net Increase in Cash and Cash Equivalents                                 12,973         6,765

Cash and Cash Equivalents at Beginning of Year                            22,300        20,891
                                                                 ------------------------------

Cash and Cash Equivalents at End of Quarter                              $35,273       $27,656
                                                                 ==============================


The accompanying notes are an integral part of the condensed financial statements.





                                       6



                 ROGERS CORPORATION AND CONSOLIDATED AFFILIATES

                               SUPPLEMENTARY NOTES
                                   (Unaudited)

A.   The accompanying unaudited condensed financial statements have been
     prepared in accordance with generally accepted accounting principles for
     interim financial information and with the instructions to Form 10-Q and
     Article 10 of Regulation S-X. Accordingly, they do not include all of the
     information and footnotes required by generally accepted accounting
     principles for complete financial statements. In the opinion of management,
     all adjustments (consisting of normal recurring accruals) considered
     necessary for a fair presentation have been included. All significant
     intercompany transactions have been eliminated. For further information
     regarding Rogers' accounting policies, refer to the audited consolidated
     financial statements and footnotes thereto included in the Company's annual
     report on Form 10-K for the fiscal year ended December 29, 2002.

B.   Rogers effective tax rate was 25% and 27% for the first nine months of 2003
     and 2002, respectively. The effective tax rate continues to be lower than
     the statutory rate due to significant tax benefits including nontaxable
     foreign sales income and foreign tax and research and development credits.
     Income taxes paid were $498,000 and $0 in the first nine months of 2003 and
     2002, respectively.

C.   Comprehensive income, net of related tax, for the three and nine-month
     periods ended September 28, 2003 and September 29, 2002 are as follows:




                                                                           Three Months                        Nine Months
                                                                              Ended:                             Ended:
                                                                  --------------- ---------------   -------------------------------
       (Dollars In Thousands)                                        Sept 28,        Sept 29,            Sept 28,        Sept 29,
                                                                       2003            2002                2003            2002
                                                                  --------------- ---------------    ---------------- -------------

                                                                                                            
       Net income                                                  $   6,329       $   4,770           $ 17,280         $ 13,185
       Foreign currency translation adjustments                          410             232              2,734            2,534
                                                                  --------------- ---------------    ---------------- --------------

            Comprehensive Income                                   $   6,739       $   5,002           $ 20,014         $ 15,719
                                                                  =============== ===============    ================ ==============


         Accumulated balances related to each component of Other Comprehensive
Loss were as follows:



                                                                                       September 28,              December 29,
                                                                                            2003                       2002
                                                                                  -----------------------    -----------------------

                                                                                                                     
        Foreign currency translation adjustments                                         $  5,779                          $ 3,045
        Minimum pension liability                                                          (7,738)                          (7,738)
                                                                                          -------                          -------

            Accumulated Other Comprehensive Loss                                        $ (1,959)                         $ (4,693)
                                                                                        =========                         =========





D.       The following table sets forth the computation of basic and diluted
         earnings per share in conformity with Statement of Financial Accounting
         Standards ("SFAS") No. 128, "Earnings per Share" for the three and nine
         month periods ended:


                                       7




                                                                       Three Months Ended:                 Nine Months Ended:
                                                                 ---------------- ---------------   -------------------------------

         (In Thousands, Except Per Share Amounts)                    Sept 28,        Sept 29,            Sept 28,        Sept 29,
                                                                       2003            2002                2003            2002
                                                                 ---------------- ---------------    ---------------- -------------
         Numerator:
                                                                                                          
               Net income                                         $    6,329       $    4,770        $  17,280        $  13,185

         Denominator:
               Denominator for basic earnings per share -
               weighted average shares
                                                                      15,897          15,516            15,712          15,460

               Effect of stock options                                   428             380               502             543
                                                                 ---------------- ---------------    ---------------- --------------

               Denominator for diluted earnings per share -
               adjusted weighted average shares and assumed
               conversions                                            16,325          15,896            16,214          16,003
                                                                 ================ ===============    ================ ==============


         Basic earnings per share                                 $     0.40       $    0.31        $     1.10       $    0.85
                                                                 ================ ===============    ================ ==============

         Diluted earnings per share                               $     0.39       $    0.30        $     1.07       $    0.82
                                                                 ================ ===============    ================ ==============



E.       Under various plans, the Company may grant stock and stock options to
         directors, officers, and other key employees. Stock-based compensation
         awards are accounted for using the intrinsic value method prescribed in
         APB 25, "Accounting for Stock Issued to Employees" and related
         interpretations. Stock-based compensation costs for stock options are
         generally not reflected in net income as each option granted under the
         plans had an exercise price equal to market value of the underlying
         common stock on the date of the grant. Stock-based compensation costs
         for stock awards are reflected in net income over the awards' vesting
         period.

         The Company has adopted the disclosure-only provisions of SFAS No. 123,
         "Accounting for Stock-Based Compensation." Accordingly, no compensation
         cost has been recognized in the financial statements for the stock
         option plans. Had compensation cost for the Company's stock option
         plans been determined based on the fair value at the grant date,
         consistent with the provisions of SFAS No. 123, the Company's net
         earnings and earnings per share for the three and nine month periods
         ended would have been reduced to the pro forma amounts indicated below.









                                                                      Three Months Ended:                  Nine Months Ended:
                                                              ------------------- ---------------  --------------------------------

         (In Thousands, Except Per Share Amounts)                  Sept 28,          Sept 29,            Sept 28,        Sept 29,
                                                                     2003              2002                2003            2002
                                                              ------------------- ---------------    ---------------- --------------

                                                                                                                 
         Net income, as reported                                          $6,329          $4,770             $17,280         $13,185
         Less:  Total stock-based   compensation expense
                  determined under Black-Scholes option
                  pricing model, net of related tax effect                   598             531               1,879           1,687
                                                              ------------------- ---------------    ---------------- --------------
         Pro Forma net income                                              5,731           4,239              15,401          11,498

         Basic earnings per share:
           As Reported                                                    $ 0.40          $ 0.31              $ 1.10          $ 0.85
           Pro Forma                                                        0.36            0.27                0.98            0.74

         Diluted earnings per share:
           As Reported                                                    $ 0.39          $ 0.30              $ 1.07          $ 0.82
           Pro Forma                                                        0.35            0.27                0.95            0.72




                                       8


         The effects on pro forma net income and earnings per share of expensing
         the estimated fair value of stock options are not necessarily
         representative of the effects on reported net income for future years,
         due to such things as the vesting period of the stock options, and the
         potential for issuance of additional stock options in future years.

F.       The table below conveys information about the Company's operating
         segments in conformity with SFAS No. 131, "Disclosures about Segments
         of an Enterprise and Related Information":




                                                                      High             Printed            Polymer
         (Dollars in Millions)                                    Performance          Circuit          Materials &          Total
                                                                     Foams            Materials          Components
         ----------------------------------------------------- ------------------- ----------------- ------------------- -----------
         Three months ended Sept 28, 2003
                                                                                                                  
              Net Sales                                              $17.3               $30.0            $ 9.2               $56.5
              Operating Income (Loss)                                  0.5                 5.3             (0.8)                5.0
         Three months ended Sept 29, 2002
              Net Sales                                              $16.0               $21.3             $18.7              $56.0
              Operating Income                                         1.7                 2.1               0.7                4.5
         Nine months ended Sept 28, 2003
              Net Sales                                              $51.6               $76.2             $29.7             $157.5
              Operating Income (Loss)                                  5.1                 8.8             (2.2)               11.7
         Nine months ended Sept 29, 2002
              Net Sales                                               $49.5              $60.8             $57.6             $167.9
              Operating Income                                          6.0                2.7               2.4               11.1



         Inter-segment sales, which are generally priced with reference to costs
         or prevailing market prices, have been eliminated from the sales data
         in the previous table.

G.       The Company has four joint ventures, each 50% owned, which are
         accounted for by the equity method. Equity income of $5,918,000 and
         $6,233,000 for the first nine months ended in 2003 and 2002,
         respectively, is included in other income less other charges on the
         condensed statements of income. Each of the joint ventures is described
         below:



                Joint Venture                          Location                  Business Segment

                                                                        
                Durel Corporation                      U.S.                      Polymer Materials and Components
                Rogers Inoac Corporation               Japan                     High Performance Foams
                Polyimide Laminate                     U.S.                      Printed Circuit Materials
                     Systems, LLC
                Rogers Chang Chun                      Taiwan                    Printed Circuit Materials
                    Technology Co., Ltd.




                                       9


         The summarized financial information for these joint ventures is
         included in the following table for the first nine months ended of each
         year shown.




                                                               2003                           2002
                                                       ----------------------        ------------------------
                                                                                           
         Net Sales                                               $90,814,000                     $93,929,000
         Gross Profit                                             33,202,000                      34,248,000
         Net Income                                               11,331,000                      12,772,000


         Sales made to unconsolidated joint ventures by the Company were
         immaterial in all periods presented above. As discussed in Note K, the
         Company acquired from 3M its 50% interest in Durel Corporation
         ("Durel") on September 30, 2003; thus, in future filings Durel's
         results of operations from the acquisition date will be included in the
         consolidated results of the Company.

H.       The following table sets forth the significant components of other
         income less other charges for the third quarters and first nine months
         ended of 2003 and 2002.



                                                                           Three Months                       Nine Months
                                                                              Ended:                             Ended:
                                                                  --------------- ---------------   -------------------------------
       (Dollars In Thousands)                                        Sept 28,        Sept 29,           Sept 28,         Sept 29,
                                                                       2003            2002               2003             2002
                                                                  --------------- ---------------    ---------------- --------------

                                                                                                           
       Joint venture income and commissions                       $  2,762         $   3,516         $    8,475        $   8,910
       Royalties                                                     1,207               250              3,649              834
       Other income/(expense)                                        (531)            (1,331)             (966)           (2,529)
                                                                  -----------     ------------       -------------    -----------
            Total other income                                    $  3,438         $   2,435         $  11,158        $   7,215
                                                                   ========         ========           =========       ==========



I.       The Company is subject to federal, state, and local laws and
         regulations concerning the environment and is currently engaged in
         proceedings related to such matters.

         The Company is currently involved as a potentially responsible party
         ("PRP") in four active cases involving waste disposal sites. These
         proceedings are at a stage where it is still not possible to estimate
         the cost of remediation, the timing and extent of remedial action that
         may be required by governmental authorities, and the amount of
         liability, if any, of the Company alone or in relation to that of any
         other PRPs. Where it has been possible to make a reasonable estimate of
         the Company's liability, a provision has been established. Insurance
         proceeds have only been taken into account when they have been
         confirmed by or received from the insurance company. Actual costs to be
         incurred in future periods may vary from these estimates. Based on
         facts presently known to it, the Company does not believe that the
         outcome of these proceedings will have a material adverse effect on its
         financial position.

         In addition to the above proceedings, the Company worked with the
         Connecticut Department of Environmental Protection ("CT DEP") related
         to certain polychlorinated biphenyl ("PCB") contamination in the soil
         beneath a section of cement flooring at its Woodstock, Connecticut
         facility. The Company completed clean-up efforts in 2000, monitored the
         site in 2001 and 2002, and will continue to monitor the site for the
         next three years. On the basis of estimates prepared by environmental
         engineers and consultants, the Company had recorded a provision of
         $2,600,000 in prior years. Prior to 2003, $2,300,000 was charged
         against this provision. In the first nine months of 2003, expenses of
         $125,000 have been charged against the provision. The remaining reserve
         is primarily for testing, monitoring, sampling and minor residual


                                       10


         treatment activity. Management believes, based on facts currently
         available, that the balance of this provision is adequate to complete
         the project.

         In this same matter the United States Environmental Protection Agency
         ("EPA") alleged that the Company improperly disposed of PCBs. An
         administrative law judge found the Company liable for this alleged
         disposal and assessed a penalty of approximately $300,000. The Company
         reflected this fine in expense in 1998 but disputed the EPA allegations
         and appealed the administrative law judge's findings and penalty
         assessment. The original findings were upheld internally by the EPA's
         Environmental Appeals Board, and the Company placed that decision on
         appeal with the District of Columbia Federal Court of Appeals in 2000.
         In early January of 2002, the Company was informed that the Court of
         Appeals reversed the decision. As a result of this favorable decision,
         the $300,000 reserve for the fine was taken into income in 2001.
         However, subsequent to the favorable decision by the Court of Appeals,
         the EPA continued to pursue this issue and settlement discussions with
         the EPA were more protracted and difficult than originally anticipated.
         As such, the Company recorded $325,000 for legal and other costs
         associated with this matter in 2002. On January 16, 2003, a settlement
         agreement was signed with the EPA. The costs associated with the
         settlement included a cash settlement payment to the government of
         $45,000, which has been paid, a commitment to undertake some
         energy-related environmental improvements at its facilities, which have
         been completed, and a commitment for assistance to a local Woodstock,
         Connecticut Fire Department for emergency preparedness, which has also
         been completed. As such, the provision recorded was adequate to cover
         the requirements of the settlement.

         On February 7, 2001, the Company entered into a definitive agreement to
         purchase the Advanced Dielectric Division ("ADD") of Tonoga, Inc.
         (commonly known as Taconic), which operates facilities in Petersburgh,
         New York and Mullingar, Ireland. On May 11, 2001, the Company announced
         that active discussions with Taconic to acquire the ADD business had
         been suspended and it was not anticipated that the acquisition would
         occur. Accordingly, $1,500,000 in costs associated with this potential
         acquisition were written off during the second quarter of 2001. On
         October 23, 2001, the Company terminated the acquisition agreement. On
         October 24, 2001, Taconic filed a breach of contract lawsuit against
         the Company in the United States District Court for the District of
         Connecticut seeking damages in the amount of $25,000,000 or more, as
         well as specific performance and attorneys' fees. In September 2002, a
         confidential settlement agreement concerning all matters raised in this
         litigation was negotiated and entered into. The settlement had no
         material impact on the 2002 results.

         There recently has been a significant increase in certain U.S. states
         in asbestos-related product liability claims against numerous
         industrial companies. The Company has been named, along with hundreds
         of other industrial companies, as a defendant in some of these cases.
         The Company strongly believes it has valid defenses to these claims and
         intends to defend itself vigorously. In addition, the Company believes
         that it has sufficient insurance to cover all costs associated with
         these claims. Based upon past claims experience and available insurance
         coverage, management believes these matters will not have a material
         adverse effect on the financial position, results of operations, or
         cash flows of the Company.

         In addition to the above issues, the nature and scope of the Company's
         business bring it in regular contact with the general public and a
         variety of businesses and government agencies. Such activities
         inherently subject the Company to the possibility of litigation,
         including environmental and product liability matters that are defended
         and handled in the ordinary course of business. The Company has
         established accruals for matters for which management considers a loss
         to be probable and reasonably estimable. It is the opinion of
         management that facts known at the present time do not indicate that
         such litigation, after taking into account insurance coverage and the
         aforementioned accruals, will have a material adverse effect on the
         financial position of the Company.


                                       11


J.   In 2002, the Company incurred restructuring charges of $2,150,000. These
     charges were associated solely with the severance benefits for 62 employees
     of which 48 had been terminated prior to the 2002 year-end. The remaining
     employees were notified prior to year-end. The separation date of these
     residual employees occurred on varied dates in the first half of 2003.
     These workforce reductions were initiated in order to appropriately align
     resources with the Company's business requirements, given varied ongoing
     operational initiatives, including non-strategic business unit
     consolidations, plant rationalizations, outsourcing low value production
     and/or moving it to lower production cost environments, and support
     function reorganizations to streamline administrative activities. As of
     September 28, 2003, the balance in the accrual for these charges was
     $400,000. Management believes, based on current estimates, the residual
     provision will be adequate to cover the future costs of these restructuring
     activities. The following table summarizes activities related to the
     provision for the first nine months ended.

         Balance in Provision at December 29, 2002                   $1,600,000
         Less Payments made for Severance Benefits                  (1,200,000)
         Adjustments/Additional Provisions                               -----
                                                             ------------------

         Balance in Provision at September 28, 2003                $   400,000
                                                                   ===========

K.   As of December 31, 2001 (fiscal year 2002), the Company acquired certain
     assets of the high performance foam business of Cellect LLC ("Cellect") for
     approximately $10,000,000 in cash, plus a potential earn-out in five years
     based upon performance. While there is no contractual limitation on the
     earn-out, the actual earn-out will be determined and affected by the sales
     and profitability growth through 2006 as compared to the base year of 2001.
     The assets acquired included intellectual property rights and machinery and
     equipment for portions of the Cellect plastomeric and elastomeric high
     performance polyolefin foam business. The acquisition was accounted for as
     a purchase pursuant to SFAS No.141, "Business Combinations". As such, the
     purchase price was allocated to property, plant and equipment and
     intangible assets based on their respective fair values at the date of
     acquisition.

     On November 18, 2002, the Company completed the divestiture of its
     Moldable Composites Division ("MCD"), located in Manchester, Connecticut.
     MCD, which was included in the Company's Polymer Materials and Components
     segment, was sold to Vyncolit North America Inc., a subsidiary of the
     Perstorp group, Sweden. Under the terms of the agreement, the Company
     will receive a total of approximately $21,000,000 for the business assets
     (excluding the intellectual property) and a five-year royalty stream from
     the intellectual property license. Half of the $21,000,000 was paid in
     cash upon consummation of the transaction. A Note, which bears interest
     at the rate of LIBOR plus 1%, was provided for the remainder of the sales
     price, which will be paid over a five-year period. There was no material
     gain or loss on the transaction.

     On September 30, 2003, the Company acquired from 3M Company its 50%
     interest in Durel Corporation, a joint venture of Rogers and 3M, for
     $26,000,000 in cash. Effective September 30, 2003, the operations of
     Durel have become fully integrated and consolidated into Rogers
     Corporation. The new business unit will be called the Durel Division and
     its financial and operating results will be included as part of Rogers'
     Polymer Materials and Components business segment. The acquisition will
     be accounted for as a purchase pursuant to SFAS No.141, "Business
     Combinations". As such, the purchase price will be allocated to assets
     and liabilities based on their respective fair values at the date of
     acquisition, in accordance with generally accepted accounting principles.


                                       12


L.   In January 2003, the Financial Accounting Standards Board ("FASB") issued
     Interpretation No. 46, "Consolidation of Variable Interest Entities, an
     Interpretation of Accounting Research Bulletin ("ARB") No. 51," ("FIN 46").
     FIN 46 clarifies the application of ARB No. 51, "Consolidated Financial
     Statements," to certain entities in which equity investors do not have the
     characteristics of a controlling financial interest or do not have
     sufficient equity at risk for the entity to finance its activities without
     additional subordinated financial support from other parties. The
     consolidation requirements of FIN 46 apply immediately to variable interest
     entities created after January 31, 2003, and to existing variable interest
     entities in the interim period beginning after June 15, 2003; however, the
     FASB recently deferred application of the standard as it relates to
     variable interest entities existing at January 31, 2003 until the interim
     and annual filings periods concluding after December 15, 2003. The Company
     is in the final stages of reviewing the new accounting standard and its own
     operations and joint ventures to determine the impact, if any, and the
     appropriate reporting. In accordance with the standard, any required
     reporting and disclosure changes will be addressed in the fourth quarter of
     2003.

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
         RESULTS OF OPERATIONS

FORWARD-LOOKING STATEMENTS

Statements in this report that are not strictly historical may be deemed to be
"forward-looking" statements which should be considered as subject to the many
uncertainties that exist in the Company's operations and environment. These
uncertainties, which include economic conditions, market demand and pricing,
competitive and cost factors, rapid technological change, new product
introductions, legal proceedings, and the like, are discussed in greater detail
in Rogers' 2002 Form 10-K filed with the Securities and Exchange Commission and
incorporated by reference. Such factors could cause actual results to differ
materially from those in any forward-looking statements.

RESULTS OF OPERATIONS AND SEGMENT ANALYSIS

Net sales of $56.5 million and $157.5 million in the third quarter and first
nine months of 2003 were up 1% and down 6%, respectively compared to $56.0
million and $167.9 million in the same periods of 2002. These changes are
primarily attributable to a strengthening in sales in the third quarter of 2003,
offset by the impact of the MCD divestiture in November of 2002. The Company's
50% owned, unconsolidated joint ventures had total revenues in the second
quarter and first nine months of 2003 of $29.8 million and $90.8 million,
respectively. Combined Sales, which the Company defines as 50% of these joint
venture sales added to the Company's net sales, were $71.4 million for the third
quarter of 2003 compared to $73.0 million reported in the third quarter of 2002
(see the non-GAAP measure reconciliation below for Combined Sales). Combined
Sales decreased compared to the third quarter of 2002 because of the divestiture
of MCD, along with a decline in sales at Durel Corporation, the largest of
Rogers' joint ventures. However, on a year-to-date basis, revenues across most
of the Company's product lines and joint ventures improved from the prior year
with strong sales into key market niches.



       (Dollars in Millions)                                         Third Quarter              First Nine Months
                                                                ------------------------    ---------------------------
                                                                   2003        2002             2003          2002
                                                                ----------- ------------    -------------- ------------
                                                                                                    
       Net Sales, as reported in this report and in                  $56.5        $56.0            $157.5       $167.9
           accordance with generally acceptable accounting
           principles
       50% of Rogers' Joint Venture Sales                             14.9         17.0              45.4         46.6
                                                                      ----         ----              ----         ----
       Combined Sales                                                $71.4        $73.0            $202.9       $214.5
                                                                     =====        =====            ======       ======



                                       13


Sales of Printed Circuit Materials for the third quarter and first nine months
totaled $30.0 million and $76.2 million, respectively, an increase of 41% and
25%, respectively, compared to the same periods in 2002. Revenue growth was
driven by seasonally strong sales of high frequency laminates into the satellite
television market, as well as accelerating wireless infrastructure sales as more
3G base stations are built. In the quarter there was also a significant rise in
flexible circuit laminate revenues as new cellular phone programs ramped into
full production. This success is the result of continuing design wins at OEM's
and strong fabricator support as they are finding improved yields using Rogers'
flexible circuit laminates.

High Performance Foam sales were $17.3 million and $51.6 million for this year's
third quarter and first nine months, up about 8% and 4%, respectively, from
comparable periods in 2002. The increase in revenue was attributed to the
improvement in sales of industrial high performance foams into the cellular
telephone, automotive and wireless infrastructure markets.

Sales of Polymer Materials and Components totaled $9.2 million and $29.7
million, respectively, for the third quarter and first nine months of 2003, a
decrease of 51% and 48%, respectively as compared to the prior year comparable
periods, mostly as a result of the Company's divestiture of MCD. The Company's
bus bar and non-woven businesses were up compared to 2002; however, revenues
from the division that produces rollers used in various office equipment and
other devices, continued to decline. Going forward, revenues for this portion of
Rogers' business will increase significantly as sales from the recent Durel
acquisition will be included as part of this segment.

Manufacturing profit as a percentage of sales was 33% and 32% in the third
quarter and first nine months of 2003, respectively, as compared to 31% in both
comparable periods of 2002. The impact of higher revenues in Rogers' higher
margin businesses coupled with productivity improvements continues to drive
stronger manufacturing margins; however, the gains have been somewhat mitigated
by the continued start up investment associated with the Company's plant
openings in China, Belgium, and Carol Stream, Illinois. These start up costs
will most likely continue at varying levels through the second quarter of 2004.

Selling and administrative expenses for the third quarter were up in total
dollars and up just slightly as a percentage of sales compared to the third
quarter of 2002. For the first nine months of 2003, selling and administrative
expenses were down slightly, but remained consistent as a percentage of sales
compared to 2002. The increase in the third quarter was a result of increased
selling and administrative expenses in support of the Asian operations and
higher incentive compensation expenses, while the decrease in the first nine
months as compared to last year was a result of continued cost management and
reduction in overhead commensurate with the MCD divestiture.

Research and development expenses for the third quarter were consistent with the
comparable period of 2002. Research and development expenses for the first nine
months were lower than 2002 due to timing of developmental projects and the
divestiture of MCD; however, as a percentage of sales, they are comparable with
the prior year and generally in line with the Company's annual investment
target.

Other income was up for the third quarter and the first nine months, as compared
to 2002. The increase is due primarily to lower legal and restructuring charges
and increased royalties, principally associated with the intellectual property
license entered into in connection with the divestiture of MCD. Rogers' four
joint ventures in total had a favorable first nine months; however, the total
revenues attributable to Rogers' joint ventures decreased by 12% compared to
last year's third quarter. Durel's revenues were lower in the third quarter due
to the continuing shift to color displays for cellular telephones, which cannot
utilize electroluminescence for backlighting. Polyimide Laminate Systems sales
were lower compared to last year's third quarter due to a slight loss in market
share. Rogers Inoac Corporation (RIC) and Rogers Chang Chun Technology Corp.,
Ltd. (RCCT) both recorded the highest quarterly sales in their history. The
sales gains made at RIC were a result of winning new designs for its urethane
foam materials used as seals and shock absorbing components in mobile phones as
well as the seasonal strength of the cell phone business. RCCT made very
substantial progress as design wins reported last quarter resulted in a
significant increase in shipments.


                                       14


The effective tax rate used in the third quarter and first nine months of 2003
and 2002 was 25% and 27% respectively. The tax rate has continued to benefit
from foreign tax credits, research and development credits, nontaxable foreign
sales income, and most recently a reduction in the statutory tax rate in
Belgium.

Third quarter 2003 net income was $6.3 million and diluted earnings per share
were $.39, as compared to $4.8 million in net income and $.30 in diluted
earnings per share earned in last year's third quarter. The increase was due
mostly to revenue growth in Rogers' higher margin businesses, increased
royalties, and strong focus on cost management.

LIQUIDITY AND CAPITAL RESOURCES

Cash and short-term investments increased during the first nine months of 2003
by approximately $6.3 million. The strong cash flow from operating activities
was partially offset by $5.5 million of voluntary pension contributions made by
the Company.

Trade receivables were up from the 2002 year-end balance due to the increased
revenues in the third quarter of 2003, as compared to the fourth quarter of
2002. Inventories were relatively comparable with the 2002 year-end level. The
current liabilities increase was primarily due to additional income tax payable
and higher incentive compensation accruals in 2003.

Net cash provided by operating activities in the first nine months of 2003
totaled $7.3 million. This compares with $20.2 million provided by operations
for the comparable 2002 period. Cash provided by operations was lower in the
current year due primarily to higher levels of voluntary pension contributions
of $5.5 million in 2003 versus $3.0 million in 2002, the repayment in 2002 of
working capital advances of $3.0 million from the Company's joint ventures, and
the Company's investment in working capital in the third quarter of 2003
commensurate with higher sales volumes.

In 2003, investments in capital expenditures totaled $11.3 million in the first
nine months and are expected to be between $17.0 million and $20.0 million for
the year; primarily associated with the plant expansion in Carol Stream,
Illinois and in China. In 2002, capital expenditures in the first nine months
were $8.8 million and finished at $22.3 million for the year.

Management believes that cash on hand in conjunction with internally generated
funds will be sufficient to meet the near term, regular needs of the business.
In addition, the Company has an unsecured multi-currency revolving credit
agreement with two domestic banks and can borrow up to $50.0 million, or the
equivalent in certain other foreign currencies. There were no borrowings at
September 28, 2003 under this agreement.

In addition to the revolving credit agreement above, Rogers N.V., a Belgian
subsidiary of the Company, has an unsecured revolving credit agreement with a
European bank. Under this arrangement Rogers N.V. can borrow up to 5.1 million
Euro. There were no borrowings at September 28, 2003 under this agreement.

RESTRUCTURINGS

In 2002, the Company incurred restructuring charges of $2,150,000. These charges
were associated solely with the severance benefits for 62 employees of which 48
had been terminated prior to the 2002 year-end. The remaining employees were
notified prior to year-end. The separation date of these residual employees
occurred on varied dates in the first half of 2003. These workforce reductions


                                       15


were initiated in order to appropriately align resources with the Company's
business requirements, given varied ongoing operational initiatives, including
non-strategic business unit consolidations, plant rationalizations, outsourcing
low value production and/or moving it to lower production cost environments, and
support function reorganizations to streamline administrative activities. As of
September 28, 2003, the balance in the accrual for these charges was $400,000.
Management believes, based on current estimates, the residual provision will be
adequate to cover the future costs of these restructuring activities. The
following table summarizes activities related to the provision for the first
nine months ended.


                  Balance in Provision at December 29, 2002          $1,600,000
                  Less Payments made for Severance Benefits          (1,200,000)
                  Adjustments/Additional Provisions                          --
                                                                    -----------
                  Balance in Provision at September 28, 2003        $   400,000
                                                                    ===========

CONTINGENCIES

During the first nine months of 2003, there were no material developments
relative to environmental matters or other contingencies (Refer to Note I for
ongoing environmental and contingency matters). The Company has not had any
material recurring costs and capital expenditures relating to environmental
matters, except as specifically described in the preceding statements.

RECENT DEVELOPMENTS

As previously announced, the Company's Chief Executive Officer, Walter E.
Boomer, plans to retire effective on April 1, 2004. At that time, Mr. Boomer
will be 65 and will have served as CEO for seven years. The Company's Board of
Directors has appointed Robert D. Wachob to succeed Mr. Boomer. Mr. Wachob is
currently Rogers' President and Chief Operating Officer, a position he has held
since April 25, 2002. When he becomes CEO, Mr. Wachob will also continue to hold
the title of President. When Mr. Wachob becomes CEO he will also become a member
of the Company's Board of Directors. At the time Mr. Wachob's appointment was
originally announced, it was contemplated that he would fill the board seat
vacated by Mr. Boomer upon his retirement. Since that time, however, the Board
has requested that Mr. Boomer continue as a member of the Board of Directors,
and Mr. Boomer has agreed to do so. Consequently, the Company's Board of
Directors will be expanded by one when Mr. Wachob is appointed as a director.

Mr. Wachob has held a number of positions of increasing responsibility within
the Company beginning in 1984 when he was hired as Director of Marketing. Prior
to working for Rogers, he was with Beckman Instruments. He received his Bachelor
of Science degree in Chemistry from Northern Illinois University in 1969 and his
MBA in Finance from Loyola University in 1972.

ITEM. 3   QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company is exposed to market risk from changes in interest rates and foreign
exchange rates. The Company does not use derivative instruments for trading or
speculative purposes. The Company monitors foreign exchange and interest rate
risks and manages such risks on specific transactions. The risk management
process primarily uses analytical techniques and sensitivity analysis.

The Company has two borrowing facilities where the interest rates, although not
fixed, are relatively low. Currently, an increase in the associated interest
rates would not significantly impact interest expense on these facilities as the
Company has paid them off in full, thus the Company has no debt.


                                       16


The fair value of the Company's investment portfolio or the related interest
income would not be significantly impacted by either a 100.0 basis point
increase or decrease in interest rates due mainly to the size and short-term
nature of the Company's investment portfolio and the relative insignificance of
interest income to consolidated pretax income.

The Company's largest foreign currency exposure is against the Euro, primarily
because of its investments in its ongoing operations in Belgium. In addition to
the Euro exposure, commensurate with the Company's growth and expansion in Asia,
particularly China, the Company is experiencing an escalation of foreign
currency exposure against the currencies in countries such as China, Japan,
Taiwan, Korea, and Singapore. Exposure to variability in currency exchange rates
is mitigated, when possible, through the use of natural hedges, whereby
purchases and sales in the same foreign currency and with similar maturity dates
offset one another. The Company can initiate hedging activities by entering into
foreign exchange forward contracts with third parties when the use of natural
hedges is not possible or desirable.

ITEM 4.  CONTROLS AND PROCEDURES

     a.   Our Chief Executive Officer and Chief Financial Officer have evaluated
          the effectiveness of our disclosure controls and procedures (as
          defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange
          Act of 1934 (the "Exchange Act"), as of September 28, 2003. Based on
          such evaluation, such officers have concluded that, as of the
          Evaluation Date, our disclosure controls and procedures are effective
          in alerting our management on a timely basis to material information
          required to be disclosed in our reports filed under the Exchange Act.

     b.   There have been no significant changes in our internal controls or in
          other factors that could significantly affect such controls since the
          Evaluation Date.


                           PART II - OTHER INFORMATION

Item 1.      Legal Proceedings

The Company is currently involved as a potentially responsible party ("PRP") in
four active cases involving waste disposal sites. These proceedings are at a
stage where it is still not possible to estimate the cost of remediation, the
timing and extent of remedial action that may be required by governmental
authorities, and the amount of liability, if any, of the Company alone or in
relation to that of any other PRPs. Where it has been possible to make a
reasonable estimate of the Company's liability, a provision has been
established. Insurance proceeds have only been taken into account when they have
been confirmed by or received from the insurance company. Actual costs to be
incurred in future periods may vary from these estimates. Based on facts
presently known to it, the Company does not believe that the outcome of these
proceedings will have a material adverse effect on its financial position.

In addition to the above proceedings, the Company worked with the Connecticut
Department of Environmental Protection ("CT DEP") related to certain
polychlorinated biphenyl ("PCB") contamination in the soil beneath a section of
cement flooring at its Woodstock, Connecticut facility. The Company completed
clean-up efforts in 2000, monitored the site in 2001 and 2002, and will continue
to monitor the site for the next three years. On the basis of estimates prepared
by environmental engineers and consultants, the Company had recorded a provision
of $2,600,000 in prior years. Prior to 2003, $2,300,000 was charged against this
provision. In the first nine months of 2003, expenses of $125,000 have been


                                       17


charged against the provision. The remaining reserve is primarily for testing,
monitoring, sampling and minor residual treatment activity. Management believes,
based on facts currently available, that the balance of this provision is
adequate to complete the project.

There recently has been a significant increase in certain U.S. states in
asbestos-related product liability claims against numerous industrial companies.
The Company has been named, along with hundreds of other industrial companies,
as a defendant in some of these cases. The Company strongly believes it has
valid defenses to these claims and intends to defend itself vigorously. In
addition, the Company believes that it has sufficient insurance to cover all
costs associated with these claims. Based upon past claims experience and
available insurance coverage, management believes these matters will not have a
material adverse effect on the financial position, results of operations, or
cash flows of the Company.

In addition to the above issues, the nature and scope of the Company's business
bring it in regular contact with the general public and a variety of businesses
and government agencies. Such activities inherently subject the Company to the
possibility of litigation, including environmental and product liability matters
that are defended and handled in the ordinary course of business. The Company
has established accruals for matters for which management considers a loss to be
probable and reasonably estimable. It is the opinion of management that facts
known at the present time do not indicate that such litigation, after taking
into account insurance coverage and the aforementioned accruals, will have a
material adverse effect on the financial position of the Company.

Item 6.       Exhibits and Reports on Form 8-K

          (a)  Exhibits

              The Exhibits filed as part of this report are listed on the
              Exhibit Index immediately preceding such Exhibits, which Exhibit
              Index is incorporated herein by reference.

          (b)  Reports on Form 8-K filed for the three months ended September
               28, 2003

              A form 8-K was filed on October 15, 2003 with respect to the
              Company's Third Quarter   Earnings Release

              A form 8-K was filed on October 15, 2003 with respect to the
              Company's acquisition of Durel Corporation




                                       18













SIGNATURES

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 thereunto duly authorized.

                                  ROGERS CORPORATION
                                  (Registrant)


                                   /s/ James M. Rutledge
                                   ---------------------
                                   James M. Rutledge
                                   Vice President, Finance and
                                   Chief Financial Officer

Dated:  November 12, 2003



                                       19




                                  EXHIBIT INDEX

Exhibit No.       Description
- --------------  ----------------------------------------------------------------
31.1            Certification of Chairman of the Board of Directors and Chief
                Executive Officer pursuant to Rule 13a-15(e) under
                the Securities Exchange Act of 1934.

31.2            Certification of President and Chief Operating Officer pursuant
                to Rule 13a-15(e) under the Securities Exchange Act of 1934

31.3            Certification of Vice President, Finance and Chief Financial
                Officer pursuant to Rule 13a-15(e) under the Securities
                Exchange Act of 1934.

32.1            Certification of Chairman of the Board of Directors and Chief
                Executive Officer pursuant to 18 U.S.C, Section 1350,
                as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
                2002.

32.2            Certification of President and Chief Operating Officer pursuant
                to 18 U.S.C, Section 1350, as adopted pursuant to
                Section 906 of the Sarbanes-Oxley Act of 2002.

32.3            Certification of Vice President, Finance and Chief Financial
                Officer pursuant to 18 U.S.C, Section 1350, as adopted
                pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.







                                       20