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

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