Aldila, Inc. reported a significant decline in sales for the second quarter from $17.6 million to $13.6 million, a drop of 23%. The golf company showed a net loss of $523,000, or 10 cents a share, compared to a net income of $1.7 million, or 30 cents, a year ago.

Likewise, golf shaft sales declined 17% due partly to the average selling price of its golf shafts, which decreased by 12% for the quarter on a 6% decline in unit sales. Composite materials sales were off 18%.
Gross profit in the 2008 quarter declined by 56% due to lower average selling prices for golf shafts and lower overall sales volumes of golf shafts and composite materials.


“We are experiencing a marked slowdown in our sales driven by several factors impacting the golf equipment market,” said Mr. Peter R. Mathewson, chairman and CEO of Aldila.  “Weak retail sales, poor weather, a lack of new product offerings by some of our customers, and the overall weak economic conditions are several factors impacting the golf equipment market.”