Aldila Inc. reported Q3 sales fell 19% to $13.2 million from $16.3
million. Net income fell 76% to $687,000, or 12 cents a share, from
$2.9 million, or 51 cents, a year ago. Excluding a year-ago special
credit, net income in the latest quarter was down 59.9% from $1.4
million.
Sales of golf shafts and related products declined 22% in the third
quarter, while sales of composite prepreg materials were flat at 17% of
consolidated net sales. The average selling price of golf shafts sold
decreased 1% quarter on quarter on a 19% decrease in unit sales.
However, backlog increased 5% at quarter-end to $12.2 million from $11.5 million last year.
