Global manufacturer Rogers Corp. in Killingly posted lower third-quarter earnings and sales.
Earnings fell 2 percent in the three months ended Sept. 30 to $6.3 million, or 40 cents a share, from $8 million, or 46 cents, a year ago.
Revenues dropped to $81 million in the latest quarter from $96 million last year.
Rogers said results beat analysts’ expectations.
President and CEO Robert Wachob said steps, including layoffs and asset writedowns, the company has taken since the beginning of the year to prepare for an eventual economic recovery are starting to pay off.
In May, Rogers completed the $7.4 million purchase of the silicones-production assets of MTI Global Inc. and in July invested $5 million in a Florida maker of wafer-thin batteries.
Rogers’ manufacturing plants in the U.S., Europe and Asia produce electronic components and specialty materials used in cellphones and other consumer electronics, computer hard disk drives, and military satellites.
