Lydall (LDL) Misses Q1 EPS by 15c

Lydall (NYSE: LDL) reported Q1 EPS of $0.28, $0.15 worse than the analyst estimate of $0.43. Revenue for the quarter came in at $218 million versus the consensus estimate of $223.18 million.

Outlook

Mr. Barnhart concluded, "As we enter the second quarter, demand remains generally steady in the Thermal Acoustical Solutions and the Technical Nonwovens segments. In the Performance Materials segment, we are continuing to experience stable conditions in filtration markets, but we expect weakness to persist in the sealing products end markets during the quarter. EBITDA will be favorably impacted by the Interface acquisition, and we anticipate continued operational improvements in Thermal Acoustical Solutions and seasonally higher sales in Technical Nonwovens to drive incremental EBITDA compared to the first quarter. We remain focused on cost control and margin improvement plans across the businesses as well as working capital initiatives to enhance cash flow generation."

For earnings history and earnings-related data on Lydall (LDL) click here.

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