Lydall well positioned for 2009


As Lydall releases figures for the second quarter of 2009, CEO Dale Barnhart says the company is well positioned to deliver improved financial results and cash generation during the remainder of 2009.

Net sales for the second quarter were $56m compared to $84m for the same period in 2008.

Excluding the impact of foreign currency translation, net sales decreased by $24.6m or 29.3% in the second quarter of 2009, compared with the second quarter of 2008.

Net sales for the six months ended 30th June 2009 were $110.3m compared with $173.9m for the comparable period of 2008.

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