Lydall says its 2014 sales enjoyed 8.3% in organic growth plus big jump caused by Andrew Filtration acquisition
MANCHESTER, CT, March 3, 2015-
LYDALL, INC. (LDL) today announced financial results for the fourth quarter and year ended December 31, 2014.
Net sales were $127.6 million in the fourth quarter of 2014 compared to $99.9 million in the fourth quarter of 2013. The fourth quarter of 2014 included net sales of $29.9 million from Industrial Filtration which was acquired in February 2014. Net income was $5.7 million, or $0.34 per diluted share, in the fourth quarter of 2014 compared to $4.1 million, or $0.25 per diluted share, in the fourth quarter of 2013.
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