Aldila, Inc. reported net sales increased 45.2% to $18.0 million for the fourth quarter compared to $12.4 million in the same quarter of 2004. The company reported net income of $2.7 million, or 48 cents per diluted share, for the fourth quarter of 2005 as compared to net income of $1.6 million, or 29 cents per diluted share, in the fourth quarter of 2004.
For the year ended December 31, 2005 net sales were $77.0 million as compared to $52.8 million for the year ended December 31, 2004. The company had record net income of $13.4 million ($2.46 earnings per share-fully diluted) for 2005 as compared to net income of $9.3 million ($1.77 earnings per share-fully diluted) in 2004.
Branded shaft revenues grew by 76% versus the fourth quarter of 2004. For the fiscal year, branded shaft revenues grew by 73% versus those reported for the 2004 year. Branded and co-branded sales for the year ended December 31, 2005 increased by 73% and 1,387%, respectively, as compared to the same period in 2004.
Third party sales of composite prepreg materials continued to track upward with an increase of 94% in the fourth quarter of 2005 versus the fourth quarter of 2004 and increased 67% year on year.
The hockey business was down 17% in the fourth quarter 2005 versus same quarter in 2004. Sales for the year were down 43% due to the severe impact of the NHL lockout.
The company's backlog of sales orders as of December 31, 2005 was $11.4 million versus $9.9 million as of December 31, 2004.