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 Lydall Posts Results - Nonwovens Industry

What are you searching for?

Sign in
Financial

Lydall Posts Results

Author Image

By: Karen McIntyre

Editor, Nonwovens Industry

Lydall closed its first quarter ended March 31, 2010 with net sales of $75.6 million, compared with $54.3 million for the quarter ended March 31, 2009. Excluding the impact of foreign currency translation, net sales increased by $19.7 million, or 36.2%, in the first quarter of 2010 compared with the first quarter of 2009.

In the Performance Materials segment net sales were $27.2 million for the quarter compared with $22.4 million for the first quarter of 2009. Excluding the impact of foreign currency translation, segment net sales increased by $4.3 million, or 19.2% in the first quarter of 2010 compared to the same quarter in 2009. Net sales of filtration products increased by $3.4 million, primarily due to higher air filtration and fluid power products net sales. Net sales of industrial thermal insulation products increased by $900,000 which included higher energy and industrial products net sale of $500,000 due to improved demand in the electrical and cryogenic markets, and higher net sales of bridling and appliance insulation products of $400,000.

Dale Barnhart, president and CEO said, “In the Performance Materials segment, we are seeing improvements in the filtration and industrial thermal insulation markets resulting in our sale levels moving closer towards pre-recessionary levels. We remain focused on fully commercializing our Arioso membrane composite media, which is being developed from the technology we obtained with the Solutech acquisition.”

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