Lydall: 4Q Earnings Snapshot

February 23, 2021 GMT

MANCHESTER, Conn. (AP) _ Lydall Inc. (LDL) on Tuesday reported fourth-quarter net income of $263,000, after reporting a loss in the same period a year earlier.

The Manchester, Connecticut-based company said it had net income of 1 cent per share. Earnings, adjusted for one-time gains and costs, were 7 cents per share.

The engineered products maker for the transportation and medical sectors posted revenue of $210.3 million in the period.

For the year, the company reported that its loss widened to $73.7 million, or $4.24 per share. Revenue was reported as $764 million.

Lydall shares have climbed 15% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $34.60, a climb of 65% in the last 12 months.



This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LDL at https://www.zacks.com/ap/LDL