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Lydall posts 4Q profit

MANCHESTER, Conn. (AP) _ Lydall Inc. (LDL) on Wednesday reported fourth-quarter profit of $4.4 million.

On a per-share basis, the Manchester, Connecticut-based company said it had net income of 26 cents. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 52 cents per share.

The engineered products maker for the transportation and medical sectors posted revenue of $144.2 million in the period.

For the year, the company reported profit of $37.2 million, or $2.16 per share. Revenue was reported as $566.9 million.

Lydall shares have fallen nearly 4 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $59.55, more than doubling 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


Keywords: Lydall, Earnings Report