ALDILA, INC. (NASDAQ:NMS:ALDA) reported net sales of $19.3 million for the third quarter ended September 30, 2005, which was an increase of $8.6 million, or 79% from net sales of $10.8 million in the comparable period of 2004. The Company reported net income of $3.8 million, or $0.68 fully diluted per share for the third quarter ended September 30, 2005, which represents an increase of $443,000 from net income of $3.3 million, or $0.62 fully diluted per share for the comparable period of 2004. In the 2004 third quarter the Company benefited from a $2.7 million, or $0.52 fully diluted per share reduction in its provision for income taxes. Before the effect of the income tax expense adjustments in 2004, the Companys net income was $533,000, or $0.10 fully diluted per share. On a pretax basis, Aldilas income before tax grew 659% in the 2005 quarter to $5.5 million from $722,000 in the comparable 2004 quarter.
'It is a pleasure to continue to report exceptional financial results as we have now recorded seven straight quarters of profitable operations. Our third quarter net income represents the best third quarter in Aldilas history, said Mr. Peter R. Mathewson, Chairman and CEO.
'For the nine months ended September 30, 2005 net sales were $59.0 million, which represented an increase of $18.6 million, or 46% from net sales of $40.3 million in the comparable period of 2004. The Company reported net income of $10.7 million in the 2005 period, or $1.97 fully diluted per share, which represented an increase of $2.9 million over net income of $7.8 million and fully diluted earnings per share of $1.49 in the comparable period of the prior year. During the nine month period ended September 30, 2004, the Company benefited from a $1.7 million, or $0.33 fully diluted per share reduction in its provision for income taxes. Before the effect of the income tax expense adjustment, the Companys net income was $6.1 million, or $1.16 fully diluted per share for the nine month period ended September 30, 2004, Mr. Mathewson said.
Our strong third quarter sales increase of 79% was driven by an increase in our branded and co-branded shaft business. The average selling price of golf shafts increased by 22%, on a 65% increase in unit sales quarter on quarter. Driven by continued strong sales of our flagship NV shaft line our third quarter 2005 branded sales exceeded our branded sales in the third quarter 2004 by 80%, said Mr. Mathewson.
ODYSSEY EXPANDS LINE WITH NEW DUAL FORCE 2 PUTTERS; ALSO INTRODUCES SIX NEW WHITE STEEL PUTTERS
Odyssey(R), a brand of the Callaway Golf Company (NYSE:ELY), announces the introduction of its new line of stainless steel Dual Force(R) 2 Putters with a new Stronomic(R) insert that is the firmest currently offered by Odyssey. Odyssey is also presenting to the market six new models of its White Steel(R) putters.
The original Dual Force, a classically-styled bronze putter featuring the patented black Stronomic insert, debuted in 1994, and the following year Odyssey putters were used in 26 victories and had more than 300 top-10 finishes on the PGA Tour.
According to Odyssey, the Stronomic insert in the Dual Force 2 putters is softer yet
more resilient than the original for a pleasing sound and exceptional feedback. Odyssey inserts, which are lighter than steel, help increase the Moment of Inertia by repositioning mass from the putter face to the perimeter of the putter head for more forgiveness and a truer roll, says Odyssey.
Dual Force 2 putters also have a co-molded, ground face. Odyssey says this feature will ensure a true impact surface. The insert is formed in the face cavity to create a flush fit on every side of the insert, then ground with the face for unparalleled consistency. A shot peen finish on the putter head produces a rich look that helps reduce glare off the putter head.
The Dual Force 2 Putter will be available in seven models for right-handed golfers (#1, #2; #2 Center-Shafted, #3, #5, #5 Center-Shafted and Rossie(R)). The #1 and #5 models also will be available in left-handed. All models carry a suggested retail price of $110 and are expected to be at retail in early November.
Odyssey also is unveiling six new versions of its White Steel(R) line, including two new models from the 2-Ball putter line. The White Steel design incorporates a milled, stainless steel insert within the main urethane insert. According to Odyssey, this Dual Insert Technology provides the precision and accuracy of milled steel with the feel and distance control of urethane.
Four of the new White Steel Putter models -- the #2 Center-Shafted, #3, #5 Center-Shafted and Rossie(R) -- will be offered exclusively in right-handed versions at a suggested retail price of $150. The new White Steel 2-Ball Blade 2 and 2-Ball Blade Mid Putters will carry a suggested retail price of $215 and $295, respectively. Like the Dual Force 2 Putters, the new White Steel Putter offerings are also expected to be available at retail November 1.
WILSON GOLF WINS TWO TECHNOLOGY AWARDS
This is a tribute to the great work of the entire Wilson Staff R & D team, said Angus Moir, global business director, Wilson Golf. With all the new technologies in golf today, it is very difficult to create new technologies that enhance performance, and these two awards from Golf Tips verify the tremendous work of our engineers.
For its use of nanotechnology in the Wilson Staff Pd5 and Dd5 drivers and the Wilson Staff golf ball line, Wilson Golf was presented the Trendsetter Award for 2005. Wilson technology is infusing nano-sized particles in the composite crowns of the drivers making them stronger and lighter allowing more weight to be shifted to the desired low and back position. The rubber core chemistry in the Wilson Staff Dx2, Px3 and Tx4 balls is reinforced with nano-sized particles to enhance the overall composite structure for higher strength and consistency, according to Wilson.
Golf Tips noted that Wilson is the first company of note to utilize nanotechnology to improve the performance of golf equipment, and also mentioned that Wilson just may have launched the next great trend.
Wilson was also the co-winner of the Aerodynamics GT Tech Award for the new PhD dimple design in the Wilson Staff golf balls. The Phd (Pan Head) dimple pattern features just 312 dimples, each larger and almost 50% shallower than most standard dimples. This unique pattern produces higher lift and tighter trajectories, Wilson says. Golf Tips wrote that the Phd dimple is visible technology that works.
'Our mantra in research and development is to provide game enhancement technologies for players of all abilities, said Bob Thurman, Director of Research, Wilson Golf. Whether this technology is cutting edge such as Nano materials in our shafts and wood heads or visual such as PhD dimples, the equation remains unchanged: better technologies equal better products which result in better enjoyment of the game for all participants.'
ECCO WOMENS GOLF SHOES OFFER FASHION & FUNCTION FOR '06
Danish shoemaker ECCO introduces its Spring/Summer 2006 womens collection of classic, causal and sport model golf shoes featuring five completely new styles alongside several returning favorites.
Worn in competition by dozens of LPGA and Ladies European Tour stars, including Hall of Famer Juli Inkster and LET no. 1 Iben Tinning, this collection features water and weather resistant leather and is made using a direct-injection process unique in the field of golf footwear
These tremendously diverse styles further ECCOs position as an industry trend setter, says ECCO golf division General Manager Per Aagren. The inspired lines, color contrasts and detailing combine with ECCO technology to make the 2006 womens collection our best yet.
Available in many of the seasons most popular colors ' like light purple, peppermint, pink, safari and terracotta '.the 2006 womens golf collection retails for $120 to $180.
The new introductions are:
New Classic Wing Buckle: Smooth and crocodile printed high-grade leathers, color-contrasted piping and a detailed stretchable buckle make for one of the most classically attractive golf shoes on the market. Extreme attention to every design aspect and moisture-wicking linings for an enhanced inner climate help take the traditional wing tip design to a completely new level. ($140 retail; ice white/white, black/white, pink/white, cognac/white, peppermint/white)
Sport Tempo: Marking the convergence of off-course fashion sensibility and on-course performance, this sporty yet feminine design features multiple bands of colorful, high-grade leather wrapped around the shoes front, middle and rear. Highlighting ECCOs unique ability to color-match its transparent, 3D outsole to smooth leather uppers, the Sport Tempo is available in a wide range of colors to go with any style-conscious wardrobe. ($140 retail; black/white, white/black, white/pink, white/terracotta, white/light purple, white/peppermint)
New Classic Saddle GTX: Fresh and feminine, this modern take on the traditional saddle draws inspiration from ECCOs revered World Class Collection. Extended lines appear light to the eye and combine with a fully waterproof GORE-TEX membrane to keep players stylish and prepared for any weather. An advanced TPU outsole with molded teeth ensures optimum traction and grip during all phases of the swing. ($180 retail price; available in white/white, black, ice white, ice white/cognac)
New Classic Hydromax: Extremely stylish and lightweight, this water-resistant shoe continues ECCOs passion for updating classic designs with modern brush strokes. Offering a slimmer mid-sole profile than previous collections, the New Classic Hydromax features elongated, attention-grabbing intertwined bands of contrasted color. A direct-injected, shock-absorbing PU midsole provides firm yet highly flexible support and shapes to match the sole of the foot ensuring comfort round after round. ($150 retail price; available in black, black/white, ice white/safari, bison/cognac)
New Casual Hydromax: Small stitching, color-contrasted pipings, elongated lines and key placement of the ECCO e brand mark highlight this shoe that has quickly become a favorite of ECCOs expansive list of professional staff players. The refreshed style paired with ECCOs water-resistant Hydromax leather, external wrap-around shank system for stability and dual flex channels in the forefoot make this the ideal shoe for discerning players. ($160 retail; available in black/white, delphin/white)
Email your thoughts to Casey Bierer