Lydall, Inc.’s third quarter net sales were $131.2 million compared to $134.2 million in the third quarter of 2014. Organic sales growth of 5.9% was offset by unfavorable foreign currency translation and the divestiture of a non-core business in the first quarter of 2015. Net income was $11.2 million compared to $4.2 million in the third quarter of 2014.
 
Dale Barnhart, president and CEO, states, “We achieved another strong quarter delivering solid organic growth, excellent margin expansion and markedly improved earnings per share. The Fibers and Industrial Filtration segments both delivered double-digit organic sales growth, while the Metals segment achieved organic sales growth in excess of 9%. These increases were due to robust demand from the automotive platforms we serve and continued execution in driving planned synergy programs in the Industrial Filtration segment. Our Performance Materials segment reported a marginal reduction in organic sales primarily from lower demand for insulation products, as we continue to experience oil price-driven market softness. In terms of profitability, the Fibers segment was the most significant contributor to the Company’s overall expansion in margin due to higher parts sales, lower raw material costs and labor and overhead efficiencies.”