Southern Manufacturing

Aldila First Quarter Results

20 April 2001

Aldila showed net sales of $14.6 million and net income of $988,000 for the first quarter ended March 31, 2001. In the corresponding 2000 quarter, the company reported net sales of $16.7 million and net income of $580,000 after recovery of $340,000 after tax of plant consolidation charges previously recorded.

""Aldila's first quarter sales, while down from the first quarter of 2000, are in line with our expectations. The first two quarters of 2000 were exceptionally strong as the industry emerged from the downturn of late 1998 and 1999, and they make for a tough comparison this year,"" said Peter R. Mathewson, chairman of the board and chief executive officer. ""Although the average selling price of a golf shaft in the first quarter increased 13% over the same period last year, unit volume was 24% lower this year.""

Aldila Inc. is the golf industry's leading manufacturer of graphite golf shafts used in clubs assembled and marketed throughout the world by major golf club companies, component distributors and custom clubmakers. Aldila manufactures composite prepreg material for its golf shaft business and external sales, and through its ownership interest in Carbon Fiber Technology LLC, externally manufactures carbon fiber for internal use.

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