LDL Lydall Inc
Lydall, Inc. engages in the design and manufacture of specialty engineered filtration media, industrial thermal insulating solutions, automotive thermal and acoustical barriers for filtration, separation, thermal, and acoustical applications. It operates through the following segments: Performance Materials; Technical Nonwovens; and Thermal and Acoustical Solutions. The Performance Materials segment includes filtration media solutions primarily for air, fluid power, and industrial applications; thermal insulation solutions for building products, appliances, and energy and industrial markets; and air and liquid life science applications. The Technical Nonwovens segment produces needle punch nonwoven solutions for myriad industries and applications. The Thermal and Acoustical Solutions offers engineered products tailored for the transportation sector. The company was founded in 1869 and is headquartered in Manchester, CT.
Company profile
Ticker
LDL
Exchange
Website
CEO
Dale G. Barnhart
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Magna International • Icahn Enterprises • Aptiv • Dana • BorgWarner • Garrett Motion • Delphi Technologies • Cooper-Standard • Tenneco • Lear ...
SEC CIK
Corporate docs
IRS number
60865505
Calendar
11 May 20
1 Jun 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 200.53M | 193.29M | 205.27M | 220.81M | |
| Net income | -56.42M | -70.46M | 3M | -6.95M | |
| Diluted EPS | -3.25 | -4.07 | 0.17 | -0.4 | |
| Net profit margin | -28.14% | -36.45% | 1.46% | -3.15% | |
| Operating income | -55.57M | -68.5M | 7.45M | 13.18M | |
| Net change in cash | 36.5M | 2.41M | 5.5M | -4.46M | |
| Cash on hand | 87.83M | 51.33M | 48.92M | 43.42M | |
| Cost of revenue | 161.96M | 165.19M | 168.92M | 175.54M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 837.4M | 785.9M | 698.44M | 566.85M | |
| Net income | -70.51M | 34.94M | 49.32M | 37.19M | |
| Diluted EPS | -4.08 | 2.02 | 2.85 | 2.16 | |
| Net profit margin | -8.42% | 4.45% | 7.06% | 6.56% | |
| Operating income | -38.83M | 49.19M | 66.2M | 55.45M | |
| Net change in cash | 2.09M | -10.64M | -12.06M | -3.98M | |
| Cash on hand | 51.33M | 49.24M | 59.88M | 71.93M | |
| Cost of revenue | 685.61M | 633.25M | 535.08M | 428.05M |
Financial data from Lydall earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|
| 14 May 20 | Giles Marc T | Common Stock | Grant | Aquire A | 9.0882 | 5,300 | 48.17K | 30,581 |
| 14 May 20 | Robert B. Junker | Common Stock | Grant | Aquire A | 9.25 | 300 | 2.78K | 25,852 |
| 14 May 20 | Robert B. Junker | Common Stock | Grant | Aquire A | 9.5 | 2,000 | 19K | 25,552 |
| 4 May 20 | Tedone John J | Common Stock | Grant | Aquire A | 0 | 7,890 | 0 | 12,890 |
| 4 May 20 | Tedone John J | Option to Buy Common Stock | Grant | Aquire A | 11.09 | 17,500 | 194.08K | 17,500 |
| 24 Apr 20 | Ashish P. Diwanji | Common Stock | Grant | Aquire A | 0 | 11,510 | 0 | 28,770 |
| 24 Apr 20 | Ashish P. Diwanji | Common Stock | Grant | Aquire A | 0 | 17,260 | 0 | 17,260 |
| 24 Apr 20 | Ashish P. Diwanji | Option to Buy Common Stock | Grant | Aquire A | 8.69 | 40,871 | 355.17K | 40,871 |
Institutional ownership Q1 2020
88.4% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 123 |
| Opened positions | 23 |
| Closed positions | 28 |
| Increased positions | 43 |
| Reduced positions | 35 |
13F shares |
Current |
|---|---|
| Total value | 352.73M |
| Total shares | 15.64M |
| Total puts | 8.3K |
| Total calls | 13.4K |
| Total put/call ratio | 0.6 |
Largest owners |
Shares | Value |
|---|---|---|
| BLK BlackRock | 2.72M | $17.56M |
| Dimensional Fund Advisors | 1.43M | $9.23M |
| Vanguard | 1.14M | $7.34M |
| NEU Neuberger Berman | 1.06M | $6.86M |
| AMP Ameriprise Financial | 741.6K | $4.79M |
| Royce & Associates | 632.03K | $4.08M |
| N Price T Rowe Associates | 630.04K | $4.07M |
| Champlain Investment Partners | 607.17K | $3.92M |
| STT State Street | 554.79K | $3.58M |
| Juniper Investment | 524.54K | $3.39M |
Financial report summary
?Competition
KULR TechnologyRisks
- The Company’s financial condition and results of operations have been, and are expected to continue to be, adversely affected by the recent COVID-19 pandemic.
- The COVID-19 pandemic presents significant challenges to the Company’s liquidity and ability to comply with its financial covenants.
- The Company may not be able to collect amounts owed to it or sell its inventory due to customers becoming significantly impacted by the COVID-19 pandemic.
Management Discussion
- Cash was $87.8 million at March 31, 2020, compared to $51.3 million at December 31, 2019. Net cash provided by operations was $26.7 million in the first quarter of 2020 compared to $14.4 million in the first quarter of 2019, with the improvement primarily driven by increases in payable days across Lydall operations. At the end of the first quarter the Company drew down an incremental $20 million on its Amended Credit Facility. On May 11, 2020 the Company amended its 2018 Credit Agreement. See Note 6. "Long-term Debt and Financing Arrangements" to the Condensed Consolidated Financial Statements and Item 2, "Liquidity and Capital Resources" for highlights of the key amended terms and conditions.
Content analysis
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H.S. junior Avg
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New words:
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Removed:
Account, acquiring, acquisition, agriculture, aluminum, assumed, attractive, commenced, conclude, conduct, consolidation, construction, cover, created, delivery, discussed, division, earthmoving, enhance, entity, exclude, existence, expedient, final, financed, Footnote, footprint, foregoing, forma, hindsight, identifiable, improved, inclusion, incur, integrating, integration, Lancaster, leader, minimal, move, necessarily, NJ, obtained, occurred, package, PCC, perflourinated, platform, polyfluoroalkyl, portray, positively, practical, Precision, pro, prospectively, qualitative, reclassification, reclassify, recognize, record, retrospective, scrap, seasonal, stable, stranded, structure, Targeted, termination, Totowa, understand
Financial reports
10-Q
2020 Q1
Quarterly report
11 May 20
10-K
2019 FY
Annual report
26 Feb 20
10-Q
2019 Q3
Quarterly report
30 Oct 19
10-Q
2019 Q2
Quarterly report
30 Jul 19
10-Q
2019 Q1
Quarterly report
30 Apr 19
10-K
2018 FY
Annual report
26 Feb 19
10-Q
2018 Q3
Quarterly report
6 Nov 18
10-Q
2018 Q2
Quarterly report
31 Jul 18
10-Q
2018 Q1
Quarterly report
1 May 18
10-K
2017 FY
Annual report
21 Feb 18
Current reports
8-K
Departure of Directors or Certain Officers
26 May 20
8-K
Lydall Announces Financial Results
11 May 20
8-K
Departure of Directors or Certain Officers
30 Apr 20
8-K
Submission of Matters to a Vote of Security Holders
27 Apr 20
8-K
Announces Ramp-down of its Automotive Facilities
20 Mar 20
8-K
Lydall Announces Financial Results
25 Feb 20
8-K
Departure of Directors or Certain Officers
24 Jan 20
8-K
Lydall Announces Financial Results
30 Oct 19
8-K
Departure of Directors or Certain Officers
15 Oct 19
8-K
Lydall Announces Financial Results
30 Jul 19
Registration and prospectus
S-8
Registration of securities for employees
11 May 20
S-8
Registration of securities for employees
26 Feb 20
S-8
Registration of securities for employees
30 Oct 19
S-8
Registration of securities for employees
4 May 12
25-NSE
Exchange delisting
11 Jan 10
15-12B
Securities registration termination
22 Dec 09
8-A12B/A
Registration of securities on exchange (amended)
22 Dec 09
S-8
Registration of securities for employees
10 Jul 09
8-A12B
Registration of securities on exchange
25 Jun 09
S-8
Registration of securities for employees
6 Oct 03
Proxies
DEFA14A
Additional proxy soliciting materials
3 Apr 20
DEFA14A
Additional proxy soliciting materials
27 Mar 20
DEF 14A
Definitive proxy
16 Mar 20
DEF 14A
Definitive proxy
14 Mar 19
DEF 14A
Definitive proxy
8 Mar 18
DEF 14A
Definitive proxy
9 Mar 17
DEFA14A
Additional proxy soliciting materials
1 Apr 16
DEF 14A
Definitive proxy
10 Mar 16
DEFR14A
Revised proxy
8 Apr 15
DEF 14A
Definitive proxy
17 Mar 15
Other
SD
Conflict minerals disclosure
31 May 19
SD
Conflict minerals disclosure
31 May 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
20 May 16
UPLOAD
Letter from SEC
21 Jan 16
CORRESP
Correspondence with SEC
11 Jan 16
CORRESP
Correspondence with SEC
17 Dec 15
UPLOAD
Letter from SEC
16 Dec 15
SD
Conflict minerals disclosure
18 May 15
UPLOAD
Letter from SEC
16 Mar 15
Ownership
4
LYDALL / Robert B. Junker ownership change
15 May 20
SC 13D/A
LYDALL / Juniper Investment ownership change
15 May 20
4
LYDALL / MARC T GILES ownership change
14 May 20
4
LYDALL / John J Tedone ownership change
6 May 20
SC 13D
LYDALL / Juniper Investment ownership change
5 May 20
3
LYDALL / John J Tedone ownership change
5 May 20
4
LYDALL / Ashish P. Diwanji ownership change
28 Apr 20
4
LYDALL / S CARL SODERSTROM JR ownership change
27 Apr 20
4
LYDALL / SUZANNE HAMMETT ownership change
27 Apr 20
4
LYDALL / WILLIAM D GURLEY ownership change
27 Apr 20
Patents
GRANT
Utility
Heat shield with retention feature
5 May 20
According to an aspect, the present embodiments may be associated with a heat shield including a retention feature or member.
GRANT
Utility
Heat shield with sealing member
31 Mar 20
According to an aspect, the present embodiments may be associated with a heat shield including a sealing member.