Lydall (LDL) Misses Q1 EPS by 15c
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Lydall Announces Financial Results for the First Quarter Ended March 31, 2019
April 30, 2019 4:34 PM EDTMANCHESTER, Conn., April 30, 2019 (GLOBE NEWSWIRE) -- LYDALL, INC. (NYSE: LDL) today announced financial results for the first quarter ended March 31, 2019.
HIGHLIGHTS - Q1 2019 vs. Q1 2018
GAAP Financials
Net sales of $218.0 million, up 13.8% Acquisitions completed in Q3 2018 contributed growth of 17.6% Unfavorable foreign currency translation of 3.3%Gross margin of 19.3%, down 130 basis pointsOperating margin of 4.2%, down 310 basis points Incremental intangibles amortization of $3.9 million, or 180 basis pointsEarnings per share ("EPS") of $0.22, compared to $0.64 Incremental intangibles amortization of $0.18 per share  Incremental interest expense of $0.14 per shareCash... More