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Albany International Corp. - AIN STOCK NEWS

Welcome to our dedicated news page for Albany International (Ticker: AIN), a resource for investors and traders seeking the latest updates and insights on Albany International.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Albany International's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Albany International's position in the market.

Rhea-AI Summary
Albany International Corp. (AIN) releases its 2023 Sustainability Report, emphasizing its commitment to sustainable practices, emission reduction targets, and materials recycling. The company's President and CEO, Gunnar Kleveland, highlights the positive growth in both business and sustainability endeavors, aiming for continuous improvement and long-term sustainability goals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.52%
Tags
none
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Rhea-AI Summary
Albany International Corp. (AIN) reported strong financial performance in 2023, with record revenues of $1.15 billion, up 11% from the previous year. Adjusted EPS increased by 4.9% to $4.06. The company generated free cash flow of $64 million, a significant increase from 2022. Fourth-quarter results were robust, with net revenues up 20.4% to $323.6 million. The company is well-positioned for continued growth in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.12%
Tags
earnings
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News
Rhea-AI Summary
Albany International Corp. (AIN) announces a quarterly dividend of $0.26 per share on its Class A Common Stock, payable on April 5, 2024, to shareholders of record on March 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
Tags
dividends
Rhea-AI Summary
Albany International Corp. (NYSE:AIN) appoints Bonnie C. Lind to its Board of Directors and John R. Scannell as Chairman of the Board. Lind brings extensive financial and industry experience, while Scannell, a retired CEO, offers valuable insights. The transition is part of a planned succession process, with Scannell succeeding Erland Kailbourne. The company expresses gratitude for Kailbourne's leadership and looks forward to continued growth in the paper machine clothing and aerospace markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.13%
Tags
management
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Rhea-AI Summary
Albany Engineered Composites (AEC) to showcase innovative Composite Wing Box Rib at JEC World 2024, offering significant weight savings for Airbus Wing of Tomorrow program, enhancing fuel efficiency and emissions reduction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.93%
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none
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Rhea-AI Summary
Albany International Corp. (NYSE:AIN) will release its 2023 fourth-quarter and full-year financial results on February 26, 2024, followed by a webcast to discuss the results on February 27. The webcast will be available for replay on the Investor Relations website. Interested parties can access dial information for the call by registering via a web link.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
Tags
earnings
News
Rhea-AI Summary
Albany International Corp. (NYSE: AIN) increases quarterly dividend by 4% to $0.26 per share. Dividend payable on January 8, 2024, to shareholders of record on December 19, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
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Rhea-AI Summary
Albany International Corp. reported a strong third quarter of 2023 with revenue of $281 million, up 7.9% YoY. The growth was driven by sales growth in Engineered Composites and the acquisition of Heimbach in the Machine Clothing segment. The company expects the Heimbach acquisition to be accretive to earnings and cash flow in 2025.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.51%
Tags
earnings
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Rhea-AI Summary
Albany International Corp. (NYSE:AIN) will release its 2023 third-quarter financial results on November 6, 2023, after the market close. A webcast to discuss the results will be held on November 7 at 10:00 a.m. Eastern Time. Interested parties can listen to the live webcast on the Company's Investor Relations website. Dial information for the call can be accessed by registering via the provided web link. An archive of the webcast will be available for replay on the website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.19%
Tags
earnings
Rhea-AI Summary
Albany International Corp. completes acquisition of Heimbach Group
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.71%
Tags
acquisition
Albany International Corp.

NYSE:AIN

AIN Rankings

AIN Stock Data

3.01B
30.85M
0.97%
103.16%
0.94%
Broadwoven Fabric Mills
Manufacturing
Link
US
Rochester

About AIN

albany international is a global advanced textiles and materials processing company with two core businesses. machine clothing (mc) is the world’s leading producer of custom-designed fabrics and belts essential to production in the paper, nonwovens, and other process industries. mc has a global market share of approximately 30%, compared to 15% estimated share for the next largest competitor. albany engineered composites (aec ) is a rapidly growing supplier of highly engineered composite parts for the aerospace industry. aec is the sole supplier of fan blades, fan cases and other advanced composite components for the cfm leap engine; current estimates for annual leap production rates are approximately 1600 engines by the end of the decade, for which aec will deliver approximately 100,000 parts per year. albany international is headquartered in rochester, new hampshire, and operates 18 plants in 11 countries (united states, canada, mexico, brazil, france, united kingdom, germany, italy,