LYDALL INC announced that its net income for the quarter ended September 30, 2007 was $1.9 million, or $.12 per basic share and $.11 per diluted share, and net income year-to-date was $6.7 million, or $.41 per basic and diluted share.
The Company previously announced, in a press release on October 26, 2007, that net income for the quarter ended September 30, 2007 was $1.7 million, or $.11 per basic and diluted share, and net income year-to-date was $6.5 million, or $.40 per basic and diluted share.
The previously announced financial results were impacted by an adjustment to a current liability and cost of sales, which occurred subsequent to the Company's previous earnings announcement. Due to rounding, diluted earnings per share was unchanged for the quarter ended September 30, 2007 as compared to the previously announced financial results.
Gross margin as a percent of net sales for the third quarter of 2007 was 21.5 percent compared to 21.2 percent previously announced.
Operating income for the Thermal/Acoustical segment increased by $0.5 million for the current quarter compared with the third quarter of 2006. The Company previously announced an increase of $0.2 million in operating income for the Thermal/Acoustical segment.
marketing@alchempro.com
