- The company has almost completely recovered from the coronavirus pandemic crisis.
- This is very important as the balance sheet is quite leveraged due to an aggressive M&A strategy carried out for years.
- The company is paying more interest expenses as interest rates increased.
- Despite this, the company is successfully paying down debt while saving a good pile of cash, and net sales have increased during the last few years thanks to the acquisitions.
- For all these reasons, I believe this company still has plenty of room to grow while the risk is very tolerable.
For further details see:
Lydall: There's Still Plenty Of Room To Grow