Aldila, Inc. posted net sales of $20.8 million, an increase of 16.9% from sales of $17.8 million in the year-ago quarter. Net income of $4.3 million for the first quarter was an increase of 30.3% from $3.3 million in last years first quarter. The company reported earnings of 78 cents per fully diluted share, up from 61 cents per fully diluted share last year.
The average selling price of golf shafts increased by 4% quarter on quarter on a 7% increase in unit sales. Branded sales increased by 2% and co-branded sales increased 100% versus the 2005 quarter and together represented 57% of golf shaft sales in the current quarter as compared to 54% in the comparable quarter of last year.