Lydall (LDL) Misses Q3 EPS by 13c

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Go back to Lydall (LDL) Misses Q3 EPS by 13c

Lydall Announces Financial Results for the Third Quarter Ended September 30, 2018

November 5, 2018 4:30 PM EST

MANCHESTER, Conn., Nov. 05, 2018 (GLOBE NEWSWIRE) -- LYDALL, INC. (NYSE: LDL) today announced financial results for the third quarter ended September 30, 2018.

HIGHLIGHTS - Q3 2018 vs. Q3 2017

GAAP Financials

Net sales of $197.9 million, up $17.8 million, or 9.9%    Acquisitions in Q3 2018 contributed $13.4 million, or 7.4%Gross margin of 17.8%, down 440 basis pointsOperating margin of 4.9%, down 360 basis pointsEarnings per share ("EPS") of $0.36 compared to $0.62

Non-GAAP Financial Measures*

Organic sales growth of 2.8%Adjusted gross margin of 18.7%, down 380 basis pointsAdjusted operating... More