Lydall Announces September 14, 2021 Special Meeting Results Merger Agreement with Unifrax approved by Lydall ShareholdersLydall and Unifrax anticipate closing within 30 days MANCHESTER, Conn., Sept. 14, 2021 (GLOBE NEWSWIRE) -- (NYSE:LDL, “Lydall” or “the Company”), a leading global provider of specialty filtration and advanced materials solutions, announced today the results of the special shareholder meeting held earlier today. At the special meeting, Lydall shareholders approved the transactions contemplated by that certain Merger Agreement dated June 21, 2021 by and among Lydall, I...
Lydall Announces Second Quarter 2021 Results; Significant Growth Across Focused Portfolio Drives Margin Expansion FINANCIAL HIGHLIGHTS* - Q2 2021 Net sales of $221.7 million, up 51.7% compared to prior year on strong demand across all three segments; up 47.4% organicallyGross margin of 21.6%, up 220 bps; adjusted gross margin of 21.6%, up 210 bpsNet income of $5.8 million or $0.32 per diluted share compared to operating loss per share of ($0.34) in Q2-2020; Adjusted earnings per diluted share of $0.50 compared to adjusted loss per share of ($0.27)EBITDA of $20.5 million or 9.3%...
Clearlake Capital-Backed Unifrax to Acquire Lydall, Inc. for $62.10 per share Creates Market Leading Global Specialty Materials Platform Focused On Innovative Battery Materials, Filtration Solutions, and Energy Saving Technologies TONAWANDA, N.Y. and MANCHESTER, Conn., June 21, 2021 (GLOBE NEWSWIRE) -- Unifrax, a leading global provider of high-performance specialty materials focused on thermal management, specialty filtration, battery materials, emission control and fire protection applications backed by Clearlake Capital Group, L.P. (“Clearlake”), today announced it has signed definit...
Lydall Announces First Quarter 2021 Results; Strong Demand Across the Business Drives Healthy Margin Expansion 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% organicallyGross margin and adjusted gross margin of 21.4%, up 220 bpsNet 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 $0.20EBITDA of $22.7 million or 10.0% of sales; Adjusted EBITDA up 22...
Lydall Announces Stock Repurchase Program MANCHESTER, Conn., April 20, 2021 (GLOBE NEWSWIRE) -- (NYSE:LDL), a leading global provider of specialty filtration and advanced materials solutions, announced today that its Board of Directors has authorized the repurchase of up to $30 million of the Company's outstanding common stock from time to time in open market transactions at prevailing market prices or by other means in accordance with federal securities laws. Commenting on the stock repurchase program, Sara A. Greenstein, President and Chief Executive Officer, said, “This repurchase p...
Lydall to Report First Quarter 2021 Results MANCHESTER, Conn., April 19, 2021 (GLOBE NEWSWIRE) -- Lydall, Inc. (NYSE: LDL) announced today that it will release its financial results for the first quarter ended March 31, 2021 on Tuesday, April 27, 2021 after the market closes. A conference call will be held on Wednesday, April 28, 2021 at 10:00 a.m. Eastern Time and be hosted by: Sara A. Greenstein, President and Chief Executive Officer;Randall B. Gonzales, Executive Vice President and Chief Financial Officer; andBrendan Moynihan, Vice President, Investor Relations. Those interested m...
Lydall Performance Materials Announces Price Increase for Filtration and Specialty Insulation Products MANCHESTER, Conn., March 25, 2021 (GLOBE NEWSWIRE) -- Lydall, Inc. (NYSE: LDL) announced today that its Performance Materials business segment is increasing prices for its Filtration and Specialty Insulation products supplied globally. The price adjustment is driven by significant and ongoing increases in key raw material and freight costs. “Lydall remains committed to reducing overall costs and making our operations more efficient through our One Lydall strategy and focused transformat...
Lydall Announces Fourth Quarter 2020 Results Strong Specialty Filtration Demand Drives Significant Gross Margin Expansion; New Fine Fiber Meltblown Production Line Doubles Domestic Capacity In Early 2021 FINANCIAL HIGHLIGHTS* - Q4 2020 Net sales of $210.3 million, up 8.8% compared to prior year on strong specialty filtration sales growth and automotive demand; up 8.9% net of FX and tooling salesGross margin of 19.0%, up 440 bps; Adjusted gross margin of 19.1%, up 400 bpsNet Income of $0.3 million or $0.01 per diluted share compared to loss per share of ($4.07) in Q4-2019; Adjusted earnin...
Lydall President & CEO Sara Greenstein Commends Biden Administration and ASTM International for New Face Covering Standards Lydall Urges Consumers to Buy ASTM-Certified and Buy American-Made Manchester, Conn., Feb. 16, 2021 (GLOBE NEWSWIRE) -- ASTM International has introduced new certification standards for General Barrier Face Coverings, giving the general public greater awareness and control over the level of protection provided by cloth face masks. ASTM Level 1 Face Coverings block at least 20% of particles 0.3 micron and larger (including bacteria and many viruses), while ASTM Leve...
Lydall to Report Fourth Quarter 2020 Results MANCHESTER, Conn., Feb. 10, 2021 (GLOBE NEWSWIRE) -- Lydall, Inc. (NYSE: LDL) announced today that it will release its financial results for the fourth quarter ended December 31, 2020 on Tuesday, February 23, 2021 after the market closes. A conference call will be held on Wednesday, February 24, 2021 at 10:00 a.m. Eastern Time and be hosted by: Sara A. Greenstein, President and Chief Executive Officer;Randall B. Gonzales, Executive Vice President and Chief Financial Officer; andBrendan Moynihan, Vice President, Investor Relations. Those int...
Lydall to Host Virtual Investor Day on December 9, 2020 MANCHESTER, Conn., Dec. 01, 2020 (GLOBE NEWSWIRE) -- Lydall, Inc. (NYSE: LDL) announced today that it will host its Lydall Investor Day 2020 event virtually on Wednesday, December 9, 2020. Lydall’s leadership team will unveil the Company’s strategic roadmap to deliver long-term shareholder value, including capital allocation strategy and financial targets. A video invitation from President and Chief Executive Officer Sara Greenstein can be viewed here: The presentation will begin at 10:00am Eastern Time, to be immediately followed...
Lydall Announces Third Quarter 2020 Results Strong Cash Flow From Operations; Filtration Demand Accelerates; Restructuring Actions Taken to Focus Business MANCHESTER, Conn., Oct. 27, 2020 (GLOBE NEWSWIRE) -- LYDALL, INC. (NYSE: LDL) today announced financial results for the third quarter ended September 30, 2020. FINANCIAL HIGHLIGHTS - Q3 2020 vs. Q3 2019 GAAP Financial Data Year to date cash flow from operations of $74.6 million, compared to $63.0 million Third quarter ending cash balance of $122.0 million, compared to $51.3 million at December 31, 2019 Net sales of...
Lydall to Report Third Quarter 2020 Results MANCHESTER, Conn., Oct. 15, 2020 (GLOBE NEWSWIRE) -- Lydall, Inc. (NYSE: LDL) announced today that it will release its financial results for the third quarter ended September 30, 2020 on Tuesday, October 27, 2020 after the market closes. A conference call will be held on Wednesday, October 28, 2020 at 10:00 a.m. Eastern Time and be hosted by: Sara A. Greenstein, President and Chief Executive Officer;Randall B. Gonzales, Executive Vice President and Chief Financial Officer; andBrendan Moynihan, Vice President, Financial Planning and Invest...
Lydall Partners with XPRIZE, Empowering the Next Generation of Innovators in Developing Solutions to the COVID-19 Crisis Company to Provide Meltblown Filtration Media, the Critical Component of N95 Respirators and Surgical Masks, to Participants in XPRIZE’s Next-Gen Mask Challenge MANCHESTER, Conn., Sept. 24, 2020 (GLOBE NEWSWIRE) -- (NYSE:LDL), a leading global manufacturer of value-added engineered materials and specialty filtration solutions, today announced its partnership with , a nonprofit organization that uses global competitions to crowdsource solutions to some of the world’s ...
Lydall Invests in New Fine Fiber Meltblown Production Line in France to Support EU Face Mask and Air Filter Production for the Fight Against COVID-19 New Production Line Further Solidifies Company’s Position as One of the World’s Largest Suppliers of Fine Fiber Meltblown Filtration Media for N95 and Equivalent Respirators, Surgical Masks and MERV-, HEPA- and ULPA-Grade Air Filters Investment Supported by a Grant Awarded by the French Government to Create a Domestic Supply Chain of Products Essential to National Security and Public Health Lydall Positioned to Supply Enough Fine Fiber Melt...
A director at Lydall Inc bought 30,000 shares at 16.433USD and the significance rating of the trade was 85/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sh...
Lydall Breaks Ground on New Filtration Center of Excellence Facility to Be Largest U.S. Site for Meltblown Filtration Media Production for N95 Respirators, Surgical Masks and MERV-, HEPA- and ULPA-Grade Air Filtration Systems MANCHESTER, Conn., July 31, 2020 (GLOBE NEWSWIRE) -- (NYSE: LDL), a leading U.S. manufacturer of value-added engineered materials and specialty filtration solutions that create a cleaner, safer and quieter world, hosted a groundbreaking ceremony on Friday, July 24 to celebrate a major expansion of its production facility in Rochester, New Hampshire. The ceremony m...
Lydall Announces Financial Results for the Second Quarter Ended June 30, 2020 MANCHESTER, CT, July 28, 2020 (GLOBE NEWSWIRE) -- LYDALL, INC. (NYSE: LDL) today announced financial results for the second quarter ended June 30, 2020 and provided an update of COVID-19 impacts. FINANCIAL HIGHLIGHTS - Q2 2020 vs. Q2 2019 GAAP Financials Second quarter ending cash balance of $92.5 million, compared to $43.4 million Year to date cash flow from operations of $40.4 million, compared to $36.2 million Net sales of $146.2 million, down 33.8%Gross margin of 19.4%, down 110 basis pointsOperating lo...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.