Aldila, Inc. reported that 2007 fourth quarter sales were essentially flat at $17.7 million versus $17.9 million in Q4 2006. Sales of golf shafts were relatively flat and sales of composite materials were 13% higher. There were no sales of hockey products in Q4 as Aldila exited that business in Q2. The year-ago period included $400,000 in hockey product sales.
Aldila's net earnings of $10.9 million, or $2.09 a share, reflected a pre-tax gain of $16.3 million from the sale of its 50% interest in Carbon Fiber Technology LLC in the latest quarter. Excluding this gain, net income would have been $771,000, or 15 cents a share, down from $1.3 million, or 24 cents, a year ago. The company's backlog of sales orders as of December 31, was $10.2 million versus $12.5 million a year ago.
