Adams Golf saw total net sales increase 29.8% to $25.7 million for the second quarter from $19.8 million for the same period last year. Net sales of drivers decreased 54.8% to $2.8 million, or 10.9% of total net sales, for the second quarter from $6.2 million, or 31.4% of total net sales, for the comparable period of 2005. Iron sales more than made up for the decrease in drivers, however, increasing 118% to $18.3 million, or 71.1% of total net sales, from $8.4 million, or 42.4% of total net sales last year. Net sales of fairway woods remained constant at $4.5 million, or 17.5% of total net sales, compared to $4.5 million, or 22.8% of total net sales last year.
Net sales of products sold outside the U.S. increased to $5.4 million, or 20.8% of total net sales, from $3.2 million, or 16.2% of total net sales, for the three months ended June 30, 2006 and 2005, respectively. Net sales resulting from countries outside the U.S. excluding Canada increased to 6.8% of total net sales for the three months ended June 30, 2006 compared to 4.4% of total net sales for the three months ended June 30, 2005.
Net income for the quarter increased 49.7% to $1.8 million from $1.2 million last year.
