Killingly electronics manufacturer Rogers Corp. said strong sales in the cellular market, particularly in China, helped drive its fourth-quarter profits up 125 percent.
Profits were $11.5 million, or 66 cents a share, up from $5.1 million, or 30 cents, a year ago.
The growth was the result of higher revenue, which grew 10 percent to $136.2 million. The company’s printed circuits division reported record net sales of $48.7 million, up nearly 27 percent, thanks to 4G-LTE base station deployments, automotive radar applications and growth in some mobile Internet device applications.
Despite Rogers’ fourth-quarter performance, its annual profits fell 45 percent, to $37.8 million, largely due to a $46.5 million income tax expense. Revenue was up 18 percent, to $187.7 million.
