Lydall (LDL) Misses Q4 EPS by 34c, Revenues Miss

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Go back to Lydall (LDL) Misses Q4 EPS by 34c, Revenues Miss

Lydall Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2019

February 25, 2020 4:19 PM EST

MANCHESTER, Conn., Feb. 25, 2020 (GLOBE NEWSWIRE) -- LYDALL, INC. (NYSE: LDL) today announced financial results for the fourth quarter and year ended December 31, 2019.

HIGHLIGHTS - Q4 2019 vs. Q4 2018

GAAP Financials

Net sales of $193.3 million, down 7.9%
Gross margin of 14.5%, down 540 basis points
Operating loss of ($68.5) million compared to operating income of $13.2 million
      Goodwill and other long-lived asset impairment charges of $64.2 million, or ($3.71) per share
      CEO transition and employee severance expenses of $4.2 million, or ($0.19) per share
Loss per share of... More