Killingly manufacturer Rogers Corp. grew its net sales by 11 percent in its third quarter, fueled in particular by sales of variable frequency drives used in energy-saving applications and clean energy products, the company reported.
Net sales were $142.8 million, up from $129.1 million in the same quarter a year ago.
Despite the sales increase and corresponding growth in operating income, Rogers’ profits fell more than four-fold to $13.6 million.
That’s because of a $48.1-million income tax benefit the company booked in the third quarter of 2012. In the recent quarter, it had an income tax expense of $6.2 million.
