ROGERS, CT -- Rogers lowered its guidance for its fiscal first quarter ending March 31, and announced certain one-time charges as well.

Rogers now projects first-quarter net sales from continuing operations of approximately $126 million, compared to its Feb. 19 guidance of $129 million to $133 million.

The lower results are impacted by lower demand and lower production absorption in the quarter, and startup costs associated with the installation of the new molded urethane foam manufacturing line.

The special adjustments are comprised of:

• $700,000 of pretax charges related to severance costs associated with workforce reductions during the quarter. This charge impacts selling general & administrative expenses.
• $500,000 of pretax charges primarily associated with moving the final inspection operation for Curamik Electronics Solutions from its site in Eschenbach, Germany, to Hungary. This move had been previously announced, and the costs are expensed as they are incurred. This charge also impacts SG&A.

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