Aldila, Inc. reported net sales were $11.3 million for the 2011 first quarter, down 29.7 percent from the $16.1 million achieved in the year-ago period.
Aldilas Composite Materials business recorded a 14 percent increase in the quarter, and Mathewson said the company continues to see opportunities for growth and (is) focusing efforts towards realizing these new sales.
Mathewson added that the integration of the Victory Archery acquisition and transition of manufacturing to Vietnam are progressing well. He indicated that the first production line has been installed and limited production has been underway during the quarter. A second production line will be installed and operational shortly.