May 2, 2012 | last updated June 1, 2012 2:16 pm

Killingly's Rogers Corp. flows red in 1Q

Rogers Corp. lost money in the first quarter amid slumping sales for most of its core products as the Killingly technology manufacturer continued to streamline to save money.

For three months ended March 31, Rogers lost $1.8 million, or 11 cents a fully diluted share. That compares to net income of $9.8 million, or 57 cents a share, the same period last year.

First-quarter revenues were $121.4 million vs. $135.9 million last year.

Sales of printed-circuit materials and power systems fell in the quarter.

Only the company's high-performance foams posted higher sales in the period.

"As expected, the first quarter was challenging but performance was in line with our expectations and guidance, '' President and CEO Bruce D. Hoechner said in a statement.


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