08.07.17
Lydall Inc.’s net sales increased by $37.6 million, or 27.4%, to $174.9 million, compared to $137.2 million in the second quarter of 2016.
The Technical Nonwovens ("TNW") segment reported increased net sales of $39.3 million, including $33 million from acquisitions. TNW’s organic growth was 26.7%, which was driven by strong advanced materials sales and improving filtration demand in domestic and Asia power generation markets.
In the company's automotive segments, organic growth was 9.4% in the Thermal/Acoustical Fibers ("T/A Fibers") segment, as the business continued to benefit from strong demand on its platforms, and 0.8% in the Thermal/Acoustical Metals ("T/A Metals") segment, as increased sales volume in Asia and Europe, were partially offset by softness on select domestic platforms. Partially offsetting the sales growth seen in all other segments, was a decline in organic sales of 1.4% in the Performance Materials ("PM") segment, principally due to product termination buys in the second quarter of 2016.
Foreign currency translation had an unfavorable impact on consolidated net sales of $2.1 million, or 1.5%, in the second quarter of 2017.
The Technical Nonwovens ("TNW") segment reported increased net sales of $39.3 million, including $33 million from acquisitions. TNW’s organic growth was 26.7%, which was driven by strong advanced materials sales and improving filtration demand in domestic and Asia power generation markets.
In the company's automotive segments, organic growth was 9.4% in the Thermal/Acoustical Fibers ("T/A Fibers") segment, as the business continued to benefit from strong demand on its platforms, and 0.8% in the Thermal/Acoustical Metals ("T/A Metals") segment, as increased sales volume in Asia and Europe, were partially offset by softness on select domestic platforms. Partially offsetting the sales growth seen in all other segments, was a decline in organic sales of 1.4% in the Performance Materials ("PM") segment, principally due to product termination buys in the second quarter of 2016.
Foreign currency translation had an unfavorable impact on consolidated net sales of $2.1 million, or 1.5%, in the second quarter of 2017.
