Rogers Corp. swung its first-quarter net back to black on the Killingly technology maker’s strong sales of its advanced printed-circuit materials and shock-proof components for cellphones and other portable devices.
For three months ended March 31, Rogers netted $7.1 million, or 42 cents a diluted share. That compares to its year-earlier net loss of $1.8 million, or 11 cents a share.
First-quarter sales were $126 million vs. $120.2 million a year ago.
President and CEO Bruce D. Hoechner said Rogers saw “promising signs of recovery across most of our markets compared to the first quarter of 2012.’’ The company also makes power distribution systems for electronics.
For the second quarter, Rogers forecasts net sales between $129 million to $134 million and non-GAAP income from continuing operations of between 47 cents and 58 cents a share before any special charges.
