Lydall's Earnings Beat Last Year's by 31%
Lydall (NYS: LDL) reported earnings on May 2. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Lydall met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share improved significantly.
Margins improved across the board.
Lydall reported revenue of $96.8 million. The one analyst polled by S&P Capital IQ predicted revenue of $96.9 million on the same basis. GAAP reported sales were 4.8% lower than the prior-year quarter's $101.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.21. The one earnings estimate compiled by S&P Capital IQ forecast $0.18 per share. GAAP EPS of $0.23 for Q1 were 35% higher than the prior-year quarter's $0.17 per share. (The prior-year quarter included $0.01 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 19.9%, 220 basis points better than the prior-year quarter. Operating margin was 5.2%, 110 basis points better than the prior-year quarter. Net margin was 4.0%, 110 basis points better than the prior-year quarter.
On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $391.5 million. The average EPS estimate is $0.73.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 85 members out of 89 rating the stock outperform, and four members rating it underperform. Among 17 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 16 give Lydall a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Lydall is buy, with an average price target of $14.00.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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