Breaking News

Lydall Releases Third Quarter Results

November 7, 2007

Roll goods producer Lydall, Manchester, CT, has released financial results for the quarter ended September 30, 2007.

Roll goods producer Lydall, Manchester, CT, has released financial results for the quarter ended September 30, 2007. Quarterly sales reached $81.5 million, up from $80.1 million during the year-ago third quarter. Meanwhile, year-to-date 2007 sales climbed to $253 million, an increase over the $245.7 million the company earned during the first three quarters of 2006.

The company’s net income for the third quarter was $1.9 million while year-to-date net income was $6.7 million. Operating income for the Thermal/Acoustical segment increased by $0.5 million for the current quarter compared with the third quarter of 2006.

Net sales for the quarter in Lydall’s Filtration/Separation segment totaled $54 million, a slight decline from $54.1 million during the third quarter of last year.