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Lydall transformed prior to acquisition Flexibility and responsiveness in the face of Covid-19 pandemic. 4th August 2021 Nonwovens specialist Lydall, headquartered in Manchester, Connecticut, is reaping the rewards of decisions taken during 2020 and the bounceback other businesses this year. The company’s second quarter 2021 net sales climbed to $221.7 million, up 51.7% compared to the same period last year, and income soared by 116.4%. “Over the past year, Lydall has gone through an incredible transformation proving flexibility and responsiveness in the face of the Covid-19 pandemic,” said said Sara A. Greenstein, president and CEO. “Our Performance Materials (PN) business saw continued strong demand in speciality filtration led by higher sales of fine fibre meltblown media, as well as sealing solutions which benefited from favourable trends in transportation, agricultural, and construction end markets. The PM team commissioned additional fine fibre me ....
Noise Control System Market Surging at 3.7%; Increasing Industrial Applications will Drive Growth: Future Market Insights Study prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Good morning, and welcome to Lydall s First Quarter 2021 Earnings Conference Call. [Operator Instructions]. I would now like to turn the conference over to Brendan Moynihan, Vice President, Investor Relations. Please go ahead. Brendan Moynihan Vice President, Financial Planning and Investor Relations Thank you. Good morning, everyone, and welcome to Lydall s First Quarter 2021 Earnings Conference Call. Joining me on today s call are Sara Greenstein, President and Chief Executive Officer; and Randy Gonzales, Executive Vice President and Chief Financial Officer. Sara will begin the call with a high-level overview of the quarter, including the actions taken to solidify Lydall s position as a world leader in specialty filtration and advanced materials solutions. Randy will follow with a review of our financial performance and discuss the key business drivers by segment. Sara will then conclude the call with a brief discussion on our current outlook, immediate priori ....
Share: FINANCIAL HIGHLIGHTS - Q1 2021 Net sales of $227.1 million, up 13.3% compared to prior year on strong demand across all three segments; up 10.8% organically Gross margin and adjusted gross margin of 21.4%, up 220 bps Net income of $5.1 million or $0.28 per diluted share compared to loss per share of ($3.25) in Q1-2020; Adjusted earnings per diluted share of $0.35 compared to adjusted earnings per diluted share of $0.20 EBITDA of $22.7 million or 10.0% of sales; Adjusted EBITDA up 22.0% to $24.4 million, or 10.7% of sales Total debt net of cash of $172.3 million, compared to $200.3 million at March 31, 2020; net debt leverage ratio of 2.4x Reconciliations of the Non-GAAP financial measures to Lydall s GAAP financial results are included at the end of this release. See also Use of Non-GAAP Financial Measures below. ....
Lydall, Inc. (NYSE:LDL) - Recap: Lydall Q1 Earnings benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.