Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Gutsche Acquisition Boosts Lydall’s Sales in Q3 - Nonwovens Industry

What are you searching for?

Sign in
Financial, Nonwovens News

Gutsche Acquisition Boosts Lydall’s Sales in Q3

Net sales up 15.6%

Author Image

By: Tara Olivo

Associate Editor at Nonwovens Industry, Rodman Media

Lydall’s net sales increased by $24.3 million, or 15.6%, to $180 million, compared to $155.7 million in the third quarter of 2016. The Technical Nonwovens (“TNW”) segment reported increased net sales of $21 million, including $13.9 million from the Gutsche acquisition that occurred on December 31, 2016. TNW’s organic sales growth was 11.7%, led by advanced materials sales and improving filtration demand globally. In the Thermal/Acoustical Metals (“T/A Metals”) segment, organic sales growth was 1.7% from growth internationally. The Performance Materials (“PM”) segment reported organic sales growth of 0.7% due to improved filtration demand, net of a 1.9% reduction from product termination buys realized in the third quarter of 2016. In the Thermal/Acoustical Fibers (“T/A Fibers”) segment, increased volume was offset by lower customer pricing, including approximately 1.5% of adjustments from part design changes, resulting in an organic sales decline of 0.9% in the third quarter of 2017. Global automotive tooling net sales increased $3.4 million, or 2.2%, in advance of new platform launches, primarily in the T/A Metals segment. Foreign currency translation increased net sales by $2.6 million, or 1.7%, in the third quarter of 2017. 

Add us as a preferred source on Google

Get the latest Nonwovens Industry news, insights and analysis in your Google Search and AI experiences.

Add Nonwovens Industry as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Nonwovens Industry Newsletters

Topics