News from the Business World

By Casey BiererOctober 28, 2005, 4:00 pm
ALDILA REPORTS STRONG THIRD QUARTER FINANCIAL RESULT
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
Wilson Staff Driver
Wilson Golf was honored for its use of nanotechnology in the Pd5 and Dd5 drivers.
One year following the re-launch of the Wilson Staff brand, Golf Tips Magazine has awarded Wilson Golf two GT Tech Awards for the companys use of nanotechnology in Wilson Staff equipment and the introduction of the innovative PhD dimple design in Wilson Staff golf balls.

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)
 
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Third-round tee times for the 147th Open

By Golf Channel DigitalJuly 20, 2018, 9:05 pm

CARNOUSTIE, Scotland – Eighteen major champions made the cut at The Open and will be playing the weekend at Carnoustie, including 60-year-old ageless wonder Bernhard Langer, and both major champs so far this year, Patrick Reed and Brooks Koepka.

Twenty-four-year-old Gavin Green will be first off solo Saturday at 4:15 a.m. ET. Reed and Rhys Enoch will follow along 10 minutes later.


Full-field scores from the 147th Open Championship

Full coverage of the 147th Open Championship


Phil Mickelson and Tiger Woods, both at even par for the tournament, six shots behind leaders Zach Johnson and Kevin Kisner, are in consecutive groups. Mickelson is playing with Austin Cook at 8:05 a.m. and Woods is with South Africa’s Shaun Norris at 8:15 a.m.

Jordan Spieth and Rickie Fowler, both three shots off the lead, are also in consecutive groups. Fowler is at 10 a.m. with Thorbjorn Olesen and Spieth is 10 minutes later with Kevin Chappell. Rory McIlroy, looking to win his first major since the 2014 PGA Championship, is at 10:40 a.m. with Xander Schauffele. McIlroy is two shots behind.

Johnson and Kisner are last off at 11 a.m.

4:15AM ET: Gavin Green

4:25AM ET: Rhys Enoch, Patrick Reed

4:35AM ET: Kiradech Aphibarnrat, Justin Rose

4:45AM ET: Yusaku Miyazato, Tyrrell Hatton

4:55AM ET: Ross Fisher, Keegan Bradley

5:05AM ET: Ryan Fox, Jason Dufner

5:15AM ET: Bryson DeChambeau, Henrik Stenson

5:25AM ET: Tom Lewis, Sam Locke (a)

5:35AM ET: Paul Casey, Chris Wood

5:45AM ET: Bernhard Langer, Rafa Cabrera Bello

6:00AM ET: Paul Dunne, Brett Rumford

6:10AM ET: Masahiro Kawamura, Shubhankar Sharma

6:20AM ET: Cameron Smith, Brendan Steele

6:30AM ET: Marc Leishman, Lee Westwood

6:40AM ET: Byeong Hun An, Kevin Na

6:50AM ET: Julian Suri, Adam Hadwin

7:00AM ET: Gary Woodland, Si-Woo Kim

7:10AM ET: Yuta Ikeda, Satoshi Kodaira

7:20AM ET: Marcus Kinhult, Thomas Pieters

7:30AM ET: Beau Hossler, Haotong Li

7:45AM ET: Cameron Davis, Sean Crocker

7:55AM ET: Louis Oosthuizen, Stewart Cink

8:05AM ET: Phil Mickeslon, Austin Cook

8:15AM ET: Tiger Woods, Shaun Norris

8:25AM ET: Lucas Herbert, Michael Kim

8:35AM ET: Jason Day, Francesco Molinari

8:45AM ET: Sung Kang, Webb Simpson

8:55AM ET: Patrick Cantlay, Eddie Pepperell

9:05AM ET: Matthew Southgate, Brooks Koepka

9:15AM ET: Kyle Stanley, Adam Scott

9:30AM ET: Charley Hoffman, Alex Noren

9:40AM ET: Ryan Moore, Brandon Stone

9:50AM ET: Luke List, Danny Willett

10:00AM ET: Thorbjorn Olesen, Rickie Fowler

10:10AM ET: Jordan Spieth, Kevin Chappell

10:20AM ET: Zander Lombard, Tony Finau

10:30AM ET: Matt Kuchar, Erik Van Rooyen

10:40AM ET: Rory McIlroy, Xander Schauffele

10:50AM ET: Pat Perez, Tommy Fleetwood

11:00AM ET: Kevin Kisner, Zach Johnson

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Facial hair Fowler's new good-luck charm

By Rex HoggardJuly 20, 2018, 8:12 pm

CARNOUSTIE, Scotland – Before, during and after the Fourth of July, Rickie Fowler missed a few appointments with his razor.

He arrived in the United Kingdom for last week’s Scottish Open still unshaved and he tied for sixth place. Fowler, like most golfers, can give in to superstition, so he's decided to keep the caveman look going for this week’s Open Championship.

“There could be some variations,” he smiled following his round on Friday at Carnoustie.


Full-field scores from the 147th Open Championship

Full coverage of the 147th Open Championship


At this rate, he may never shave again. Fowler followed an opening 70 with a 69 on Friday to move into a tie for 11th place, just three strokes off the lead.

Fowler also has some friendly competition in the beard department, with his roommate this week Justin Thomas also going for the rugged look.

“I think he kind of followed my lead in a way. I think he ended up at home, and he had a little bit of scruff going. It's just fun,” Fowler said. “We mess around with it. Obviously, not taking it too seriously. But like I said, ended up playing halfway decent last week, so I couldn't really shave it off going into this week.”

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Spieth (67) rebounds from tough Round 1 finish

By Ryan LavnerJuly 20, 2018, 7:55 pm

CARNOUSTIE, Scotland – Guess whose putter is starting to heat up again at a major?

Even with a few wayward shots Friday at Carnoustie, Jordan Spieth made a significant climb up the leaderboard in the second round, firing a 4-under 67 to move just three shots off the lead.

Spieth showed his trademark grit in bouncing back from a rough finish Thursday, when he mis-clubbed on the 15th hole, leading to a double bogey, and ended up playing the last four holes in 4 over.

“I don’t know if I actually regrouped,” he said. “It more kind of fires me up a little.”


Full-field scores from the 147th Open Championship

Full coverage of the 147th Open Championship


Spieth missed more than half of his fairways in the second round, but he was able to play his approach shots from the proper side of the hole. Sure, he “stole a few,” particularly with unlikely birdies on Nos. 10 and 11 after errant drives, but he took advantage and put himself in position to defend his claret jug.

Spieth needed only 25 putts in the second round, and he credited a post-round adjustment Thursday for the improvement. The tweak allows his arms to do more of the work in his stroke, and he said he felt more confident on the greens.

“It’s come a long way in the last few months, no doubt,” he said.

More than anything, Spieth was relieved not to have to play “cut-line golf” on Friday, like he’s done each start since his spirited run at the Masters.

“I know that my swing isn’t exactly where I want it to be; it’s nowhere near where it was at Birkdale,” he said. “But the short game is on point, and the swing is working in the right direction to get the confidence back.”

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After 36, new Open favorite is ... Fleetwood

By Golf Channel DigitalJuly 20, 2018, 7:49 pm

With a handful of the pre-championship favorites exiting early, there is a new odds-on leader entering the third round of The Open at Carnoustie.

While Zach Johnson and Kevin Kisner share the 36-hole lead, it's England's Tommy Fleetwood who leads the betting pack at 11/2. Fleetwood begins the third round one shot off the lead.

Click here for the leaderboard and take a look below at the odds, courtesy Jeff Sherman at golfodds.com.

Tommy Fleetwood: 11/2

Zach Johnson: 13/2

Rory McIlroy: 7/1

Jordan Spieth: 8/1

Rickie Fowler: 9/1

Kevin Kisner: 12/1

Xander Schauffele: 16/1

Tony Finau: 16/1

Matt Kuchar: 18/1

Pat Perez: 25/1

Brooks Koepka: 25/1

Erik van Rooyen: 50/1

Alex Noren: 50/1

Tiger Woods: 50/1

Thorbjorn Olesen: 60/1

Danny Willett: 60/1

Francesco Molinari: 60/1