Aldila Reports First Quarter 2012 Financial Results
(firmenpresse) - POWAY, CA -- (Marketwire) -- 05/10/12 -- ALDILA, INC. (OTCQX: ALDA) (PINKSHEETS: ALDA) announced today net sales of $15.9 million and a net loss of $449,000 ($0.08 loss per share) for the three months ending March 31, 2012 as compared to net sales of $11.3 million and a net loss of $535,000 ($0.10 income per share) for the comparable period in 2011. Our Composite Products sales increased 61% for the three month period ended March 31, 2012 as compared to the comparable period of 2011. Golf shaft units shipped increased by 61% and our average selling price declined by 2% for 2012 as compared to 2011.
"While we are encouraged with our increase in overall sales in our golf business our gross margins continue to be impacted by the rising costs in our China operation. With virtually the entire golf industry manufacturing base entrenched in China, we believe this to be problematic for the entire industry as costs continue to rise systemically on account of rising labor costs. We believe it is imperative to reduce our costs in China as quickly as possible and to that end we have begun to shift production in a more meaningful way to our facility in Vietnam. Having a modern factory in Vietnam gives us a viable alternative that most of our competitors lack," said Mr. Peter R. Mathewson, Chairman and Chief Executive Officer.
"I am pleased to report that on the PGA Tour Aldila is off to a great start this year. Through the Zurich Classic, players using Aldila shafts have won 5 events. Aldila remains far and away, the leading graphite shaft manufacturer on the PGA Tour with the most wood and hybrid shafts in play. We continue to believe the Tour is the ultimate proving ground for new golf technology and our leadership position on Tour validates ranking as the leading innovator of high performance golf shafts. Our latest introductions, the Aldila Phenom® and NV Magnum™, continue to grow in popularity on Tour. We have begun a limited introduction of our revolutionary new RIP® Iron shaft on the PGA Tour," Mr. Mathewson said.
"Our Composite Materials Division sales were soft in the quarter mainly due to inventory levels being high at year end at a major recreational customer and lower non recreational sales. We continue to work on several promising qualification programs that require new resin development and extensive testing but hold significant sales potential," said Mr. Mathewson.
"Our Victory Archery arrow business is doing very well as the Victory brand grows in strength driven by exceptional customer service, innovative new products and the added strength being associated with Aldila and our vertical integration capabilities. Archery sales increased by 78% for the three months ended March 31, 2012 as compared to March 31, 2011 and the Company believes that we will continue to see growth in this business through the year," Mr. Mathewson said.
This press release contains forward-looking statements based on our expectations as of the date of this press release. These statements necessarily reflect assumptions that we make in evaluating our expectations as to the future. Forward-looking statements are necessarily subject to risks and uncertainties. Our actual future performance and results could differ from that contained in or suggested by these forward-looking statements as a result of a variety of factors. Our filings with the OTC Disclosure and News Service and the Securities and Exchange Commission (for filings prior to our move to OTCQX U.S. Premier) present a detailed discussion of the principal risks and uncertainties related to our future operations, in particular our Annual Report for the year ended December 31, 2011, under "The nature of issuer's business" in Part C, Item VIII, and "Management's Discussion and Analysis or Plan of Operation" in Part C, Item XVI and Quarterly Reports and Current Reports, all of which can be obtained on the OTCQX U.S. Premier website, which can be found at .
The forward-looking statements in this press release are particularly subject to the risks that:
consumer discretionary spending will be flat or decline, which could have a material impact on our business;
our product offerings, including the NV®, VS Proto™, DVS®, VooDoo® and RIP® shaft lines and product offerings outside the golf industry, will not achieve or maintain success with consumers or customers;
we will not maintain or increase our market share at our principal customers;
demand for clubs manufactured by our principal customers will decline, thereby affecting their demand for our shafts;
demand for composite materials by our principal customers will decline or fail to continue to grow;
the market for graphite shafts will continue to be extremely competitive, affecting selling prices and profitability;
our international operations will be adversely affected by political instability, currency fluctuations, export/import regulations or other risks typical of multi-national operations, particularly those in less developed countries;
the Company will not be able to acquire adequate supplies of carbon fiber at reasonable market prices;
acts of terrorism, natural disasters, or disease pandemics interfere with our manufacturing operations or our ability to ship our finished products.
For additional information about Aldila, Inc., please go to the Company's website at .
Investor/Media Contacts:
Scott M. Bier
Vice President, CFO
Sylvia J. Castle
Investor Relations
Aldila, Inc.
(858) 513-1801
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 10.05.2012 - 14:15 Uhr
Sprache: Deutsch
News-ID 1113245
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
POWAY, CA
Phone:
Kategorie:
Equipment and Accessories
Anmerkungen:
Diese Pressemitteilung wurde bisher 209 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Aldila Reports First Quarter 2012 Financial Results
"
steht unter der journalistisch-redaktionellen Verantwortung von
Aldila, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
