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Aldila Suffers as Consumer Confidence Ebbs

Aldila, a Poway-based golf club shaft maker, said March 12 that it finished 2008 with a net loss of $2.5 million, on net sales of $53.6 million.

In 2007, it had net income of $16 million on net sales of $69.1 million.

The manufacturer’s 2007 results benefited from a $16.3 million pretax gain on the sale of its 50 percent interest in Carbon Fiber Technology , a company that supplies Aldila with hundreds of thousands of pounds of carbon fiber yearly.

Aldila CEO Peter Mathewson blamed a slow retail environment for its fourth-quarter sales of $11.5 million, down from $17.7 million in the year-ago quarter. With consumer confidence down, it expects the first half of 2009 to be “particularly challenging,” Mathewson said. The business said it embarked on several cost-cutting measures, including staff cuts at its Mexico facility.

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Looking ahead, Aldila said it wants to transfer more production from Mexico to Asia.

Its Nasdaq symbol is ALDA. Shares closed at $5.67 on March 13, down 4 percent from the previous day’s close. The 52-week range was $2.14-$11.97.

, Brad Graves

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