Friday, August 14, 2009

2nd Quarter Results for Composite Companies

Second quarter results are out for publicly traded composite material companies, and so far, it seems things are still slow. Here are a few of the results:

Hexcel posted a 37% drop in quarterly profit. More Info

Owens Corning, although beating estimates, earnings for the quarter were down 19%. More Info

Toray took a loss, blaming decreased demand. More Info

Aldila, a California manufacturer of golf shafts took a larger loss on less earnings then during the same period in 2008. More Info

European pultruder Excel reported a 14% decline in sales for the 2nd quarter. More Info This comes on the heels of the announcement of layoffs in June.

One company that turned a profit is large contractor Alliant Techsystems (ATK), they do a fair amount of composite manufacturing, but it seems their profit came from sales of bullets. More Info

Photo Credit: azrainman via Flicker

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