Aldila Inc. reported sales for the second quarter ended June 30 fell 16.6 percent to $12.0 million compared to $14.4 million in the year-ago period.
Management for the company said Golf shaft sales (the brands primary business) continue to be soft amidst a generally slow golf market.
We expect a stronger second half, especially the fourth quarter as new programs begin full production in support of the 2012 OEM product launches, said CEO Peter Mathewson. Our backlog of $8.6 million as of June 30, 2011 is 28% higher than the comparable period in 2010.”
The company recorded a net loss of $444,000, or 8 cents per diluted share, versus a net income of $704,000, or 14 cents per diluted share, a year ago.
Gross margins were 14.0 percent, down 1,090 basis pints from 24.9 percent a year ago.
