April 18, 2014 12:13 PM ET

Leisure Products

Company Overview of Aldila Inc.

Company Overview

Aldila, Inc., through its subsidiaries, engages in the design, manufacture, and marketing of graphite golf club shafts and graphite arrows. Its golf club shafts are composite structures consisting principally of carbon fiber and epoxy resins. The company also offers bolts and accessories, composite prepregs, prepreg uni-tapes, fabrics, film adhesives, and other related composite materials. The company sells its graphite shafts to golf club manufacturers, distributors, custom club shops, pro shops, and repair shops; and composite materials to manufacturers of composite products. It operates primarily in the United States, England, China, Japan, Canada, Australia, and Vietnam. The company was ...

14145 Danielson Street

Suite B

Poway, CA 92064

United States

Founded in 1972

1,465 Employees

Phone:

858-513-1801

Fax:

858-513-1870

Key Executives for Aldila Inc.

Chairman of The Board
Age: 61
Chief Financial Officer
Age: 47
Vice President of Manufacturing
Senior Vice President of Composite Materials
Age: 66
Vice President of Sales and Marketing of Aldila Golf Corp - Sub
Age: 59
Compensation as of Fiscal Year 2013.

Aldila Inc. Key Developments

Aldila Inc. to Report Fiscal Year 2012 Results on May 29, 2013

Aldila Inc. announced that they will report fiscal year 2012 results on May 29, 2013

Aldila Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012

Aldila Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company's net sales were $10.65 million compared to $12.81 million a year ago. The decrease in Net Sales were attributed to decreases in Composite Products and Composite Material sales. Operating loss was $1.65 million compared to $0.74 million a year ago. The decrease was mainly attributed to a decrease in gross profit. Loss before income taxes was $1.73 million compared to $0.8 million a year ago. Net loss was $1.2 million compared to $0.413 million a year ago. Net loss per common share, assuming dilution was $0.22 compared to $0.08 a year ago. For the nine months, the company's net sales were $38.73 million compared to $36.16 million a year ago. The increase in sales was attributed to an increase in Composite Product sales, which was partially offset by a decrease in Composite Material sales. Operating loss was $5.27 million compared to $2.53 million a year ago. The decrease was mainly attributed to an increase in SG&A and a decrease in gross profit. Loss before income taxes was $5.5 million compared to $2.62 million a year ago. Net loss was $5.21 million compared to $1.39 million a year ago. Net loss per common share, assuming dilution was $0.97 compared to $0.26 a year ago. Net cash used for operating activities was $0.223 million compared to $1.35 million a year ago. Purchases of property, plant and equipment was $0.504 million compared to $0.77 million a year ago.

Aldila Inc. Reports Unaudited Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2012

Aldila Inc. reported unaudited consolidated unaudited earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported net sales of $12,183,000 and a net loss of $3,556,000 or $0.66 per diluted share as compared to net sales of $12,014,000 and net loss of $444,000 or $0.08 per diluted share for the comparable period in 2011. Operating loss was $2,870,000 compared to $956,000 for the same period last year. Loss before income taxes was $2,961,000, compared to $984,000 for the same period last year. For the six months, the company reported net sales of $28,083,000 and a net loss of $4,005,000 or $0.74 per diluted share as compared to net sales of $23,346,000 and net loss of $979,000 or $0.18 per diluted share for the comparable period in 2011. Operating loss was $3,622,000 compared to $1,785,000 for the same period last year. Loss before income taxes was $3,779,000, compared to $1,827,000 for the same period last year. Net cash used for operating activities was $75,000 compared to $1,279,000 for the same period last year. Purchases of property, plant and equipment were $300,000 compared to $548,000 for the same period last year. The Net loss in the current year was impacted by an estimated China plant consolidation charge of $2.1 million and a $1.0 million net tax impact of repatriating earnings in 2012.

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