Lydall (LDL) Tops Q4 EPS by 9c, Revenues Miss
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Lydall Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2018
February 25, 2019 4:15 PM ESTMANCHESTER, Conn., Feb. 25, 2019 (GLOBE NEWSWIRE) -- LYDALL, INC. (NYSE: LDL) today announced financial results for the fourth quarter and year ended December 31, 2018.
HIGHLIGHTS - Q4 2018 vs. Q4 2017
GAAP Financials
Net sales of $209.9 million, up $31.9 million, or 17.9%Â --Â Acquisitions completed in Q3 2018 contributed $35.5 million, or 20.0%Gross margin of 19.9%, down 230 basis pointsOperating margin of 6.3%, down 250 basis pointsEarnings per share ("EPS") of $0.42, compared to $0.80Â --Â Tax Cuts and Jobs Act ("Tax Act") resulted in a one-time net tax benefit of $0.22 EPS in Q4... More