Albany Intl Corp - AIN STOCK NEWS

Albany Engineered Composites has secured a significant seven-year contract from Bell Textron to manufacture composite structures components for the Bell 525 helicopter. This new partnership marks AEC's strategic expansion in the rotorcraft sector.

The agreement positions Albany International's subsidiary as a key supplier for Bell's helicopter program, with AEC President Chris Stone expressing enthusiasm about the long-term support arrangement for the 525 model. The collaboration opens doors for potential future opportunities to provide mission-critical composite components across Bell's aircraft portfolio.

This contract represents a strategic milestone in Albany's growth within the aerospace sector, particularly in rotorcraft manufacturing, while establishing a new relationship with a major industry player in Bell Textron.

Albany International (NYSE: AIN) has announced its schedule for releasing 2025 first-quarter financial results. The company will publish its Q1 2025 earnings on Wednesday, April 30, 2025, after market close. A webcast discussion of the results is scheduled for Thursday, May 1, 2025, at 9:00 a.m. Eastern Time.

Investors and interested parties can access the live webcast through Albany International's Investor Relations website at investors.albint.com. Participants can register for dial-in information through a provided web link. A replay of the webcast will be available on the company's website starting at approximately noon Eastern Time on May 1, 2025.

Albany International (NYSE:AIN) has released its 2024 Sustainability Report, showcasing the company's dedication to sustainability and innovation. The report highlights several key achievements, including:

The company's participation in World Engineering Day for Sustainable Development, demonstrating their commitment to innovation-driven sustainability solutions for customers. A significant environmental milestone was achieved through participation in a US virtual power purchase agreement, which addresses approximately 25% of their emissions.

CEO Gunnar Kleveland emphasized the company's focus on operational sustainability and community engagement initiatives. Sustainability leader Anna Yates highlighted how sustainability serves as a core value and drives innovation, resilience, and business value. The comprehensive report, available at www.albint.com/sustainability, reflects Albany International's commitment to transparency and stakeholder engagement.

Albany International (NYSE:AIN) has been selected as one of 80 companies to be profiled for the World Engineering Day 2025 campaign. The campaign will launch on March 4, 2025, at UNESCO's Paris headquarters, focusing on the theme 'Shaping our sustainable future through engineering.'

The initiative, jointly operated by UNESCO and the World Federation of Engineering Organizations (WFEO), aims to highlight engineering's role in achieving the UN's 17 Sustainable Development Goals. The SJH Group will serve as the official media partner and broadcaster, hosting campaign content on worldengineeringday.net.

Gunnar Kleveland, President and CEO of Albany International, expressed honor in being selected as an official partner, emphasizing the company's commitment to innovation and sustainability as core values.

Albany International (NYSE:AIN) reported its Q4 2024 results with net revenues of $286.9 million, down 11.3% year-over-year. The company's net income was $17.7 million ($0.56 per share), compared to $30.5 million ($0.97 per share) in Q4 2023.

Key highlights include a new $250 million share repurchase program authorization and record full-year revenues of nearly $1.25 billion, driven by organic growth and the Heimbach acquisition. The company generated Free Cash Flow of $59 million in Q4 and $137 million for the full year.

For 2025, Albany International projects total revenue between $1.165-1.265 billion, with Machine Clothing revenue of $705-755 million and Albany Engineered Composites revenue of $460-510 million. The company expects Diluted Earnings Per Share between $3.00-3.40.

Albany International (NYSE: AIN) has announced its Board of Directors has declared a quarterly dividend of $0.27 per share on the Company's Class A Common Stock. The dividend will be payable on April 7, 2025, to shareholders who are on record as of March 21, 2025.

Albany International Corp. (NYSE:AIN) has announced plans to consolidate its manufacturing operations in Italy. The company will discontinue manufacturing operations at its leased facility in Ballo and transfer production to a facility in Merone, owned by Industrie Tessili Bresciane Srl, another Albany International affiliate.

The consolidation aims to rationalize costs and align engineered fabrics manufacturing capacity with local market demand and customer needs. Affected employees will be offered transfer opportunities or separation and outplacement assistance. The company's Sales, Service & Application teams in Italy will remain unaffected, ensuring continued customer support and expertise.

The final costs associated with this consolidation cannot be estimated until employee consultations are completed, after which the company will disclose the amount, type, and timing of any related expenses.

Albany International (AIN) has been named to Forbes' America's Best Employers 2025 list, a prestigious recognition determined through an extensive independent survey conducted in collaboration with Statista. The survey analyzed over 6.5 million employer evaluations from a sample of more than 217,000 U.S. employees working for companies with at least 1,000 employees.

The final rankings were based on two types of evaluations: personal (from employees) and public (from friends, family, and industry peers), with personal evaluations carrying greater weight. President & CEO Gunnar Kleveland emphasized the company's commitment to fostering a supportive, diverse, and innovative workplace environment.

This recognition validates Albany International's dedication to cultivating talent, celebrating diversity, and encouraging innovation, positioning the company as an industry leader in employee satisfaction and workplace excellence.

Albany International (NYSE:AIN) has announced it will release its fourth-quarter 2024 financial results on Wednesday, February 26, 2025, after market close. The company will hold a webcast discussion of the results on Thursday, February 27, 2025, at 9:00 a.m. Eastern Time.

Investors can access the live webcast through the company's Investor Relations website at investors.albint.com. A replay of the webcast will be available on the same website starting at approximately noon Eastern Time on February 27, 2025.