Rogers Corp. had record first-quarter sales that contributed to a 38 percent rise in net profits for the Killingly maker of specialty components for cell phones and other portable electronic devices.
In three months ended March 31, Rogers earned $9.4 million, or 57 cents a share, up from $6.9 million, or 43 cents a share, earned the same quarter a year ago.
First-quarter sales rose 62 percent to $136.1 million vs. $83.9 million last year.
Revenue and earnings exceeded its first-quarter guidance back on Feb. 17 of $123 million to $127 million of revenue and earnings of 49cents to 53 cents share diluted.
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Rogers makes, among other things, printed circuit boards and foam materials used in wireless and other portable electronic devices.
