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Aldila Reports 35% Sales Increase

  • Tuesday, 25th July 2000
  • Reading time: about 2 minutes

Yesterday Aldila, Inc. reported net sales of $17.1 million for the second quarter ended June 30, 2000, a 35% increase compared to net sales of $12.6 million in the second quarter of 1999. Net income increased to $1.7 million in the second quarter of 2000, from a loss of $72,000 in the second quarter of 1999. For the six months ended June 30, 2000 net sales increased 46% to $33.8 million compared to $23.2 million in the first six months of 1999. Net income increased to $2.2 million or in the first six months of 2000, from a loss of $0.4 million in the same period of 1999. “Fiber production at Carbon Fiber Technology, LLC, a joint venture operation in Evanston, Wyoming, continues to be strong, with a 32% volume increase in the first half of 2000, compared to the same 1999 period.” said Peter R. Mathewson, Chairman and CEO, Aldila, Inc. “Aldila’s share of the fiber produced is being consumed by its prepreg operation in Poway, California, which set a record in the first six months of 2000 for number of pounds produced,” 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 internally manufactures composite prepreg 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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