Welcome to our dedicated page for Albany Intl news (Ticker: AIN), a resource for investors and traders seeking the latest updates and insights on Albany Intl stock.
Albany International Corp. (NYSE: AIN) generates news across advanced materials, industrial manufacturing, and aerospace and defense markets. The company reports through two core businesses: the Machine Clothing segment, which produces custom-designed consumable belts and fabrics for paper, paperboard, tissue and towel, pulp, non-wovens and other industrial applications, and the Albany Engineered Composites segment, which designs and manufactures advanced composite components, structures and assemblies for commercial and military aircraft, missiles, unmanned vehicles and related platforms.
News for AIN commonly includes quarterly earnings releases, segment performance updates, and commentary on key programs such as LEAP, F‑35, JASSM, LRASM, CH‑53K and Gulfstream-related work. Albany International has reported strategic reviews of its structures assembly business and the Salt Lake City production site, loss reserve adjustments on the CH‑53K program, and decisions to conclude specific contracts as it refines its aerospace portfolio.
Investors and industry followers will also see announcements on dividends on Class A common stock, share repurchases, capital expenditures, research and development spending, and climate and sustainability reporting. Additional news highlights include the relocation of the corporate headquarters to Portsmouth, New Hampshire, and Albany Engineered Composites’ achievement of U.S. Department of War CMMC Level 2 cybersecurity certification, which the company links to its role in defense supply chains.
This AIN news page on Stock Titan aggregates such updates in one place, making it easier to review financial results, strategic actions, program developments and corporate initiatives over time. Readers can use this feed to follow how Albany International manages its Machine Clothing and Engineered Composites segments, responds to market conditions in paper and aerospace end markets, and communicates with shareholders through press releases and regulatory disclosures.
Albany International Corp. (NYSE: AIN) reported a solid fourth quarter for 2021, with net sales reaching $239.9 million, a 5.8% increase year-over-year. The Machine Clothing segment achieved record Adjusted EBITDA of approximately $237 million, while Engineered Composites generated revenues of $310 million with a 22% EBITDA margin. The company anticipates full-year 2022 revenue between $920 and $960 million, with Adjusted earnings per share projected between $2.80 to $3.30. Despite challenges such as supply chain issues, Albany remains optimistic about sustained growth and profitability.
Albany International Corp. (NYSE: AIN) announced that its subsidiary, Albany Engineered Composites (AEC), has secured a long-term agreement with Sikorsky Aircraft to produce the CH-53K Aft Transition assembly. This competitively bid contract spans ten years, covering Lots 7 through 14, with long-lead funding already commenced. The contract is expected to be finalized in Q1 2022, with initial deliveries scheduled for 2023. AEC aims to enhance fuel efficiency and environmental sustainability through its advanced engineered composite components.
Albany International Corp. (NYSE: AIN) has appointed Christina M. Alvord to its Board of Directors. Alvord, aged 54, has significant experience in manufacturing, including leadership roles at Vulcan Materials Company and GE Aviation. Her expertise in lean manufacturing and talent management is expected to enhance the company’s operations, especially in the Albany Engineered Composites segment. Albany International is a major player in engineered components for both the aerospace and paper production industries.
Albany International Corp. (NYSE:AIN) will announce its 2021 full-year and fourth-quarter financial results on February 15, 2022, after market close. A webcast to discuss the results will take place at 9:00 a.m. Eastern Time on February 16. Interested parties can join via the company's Investor Relations website or by calling 1-877-692-8955. A replay of the webcast will be available around noon Eastern Time on the same day. Albany International specializes in engineered components for various industries, including paper and aerospace.
The Board of Directors of Albany International (NYSE: AIN) has announced a quarterly dividend of $0.21 per share on its Class A and Class B Common Stock. This dividend is payable on January 10, 2022, to shareholders of record on December 28, 2021. Albany International is a leader in engineered components for various industries, notably in machine clothing and advanced materials for aerospace applications, with operations in 11 countries and over 4,000 employees.
Albany International Corp. (NYSE: AIN) and Safran Aircraft Engines have extended their partnership until 2046 to develop next-generation aircraft engines. This collaboration aims to support the aviation industry's commitment to achieving net-zero CO2 emissions by 2050. Initiated in 2006, their joint efforts have led to significant innovations, such as the advanced 3D-woven composite technology used in the LEAP engine. With three production plants established, they have delivered over 130,000 LEAP engine parts, reflecting their commitment to sustainability and improved fuel efficiency.
Summary not available.
Albany International Corp. (NYSE: AIN) reported a strong third quarter for 2021, with revenues of $232.4 million, marking a 9.6% increase compared to the previous year. The company's gross profit rose to $92 million, a 5.4% increase. Operating income increased by 15% to $44.5 million. The firm raised its full-year guidance, expecting 2021 revenues between $900 and $920 million. In a strategic move, the Board authorized a $200 million share repurchase program to enhance shareholder returns. However, elevated tax rates and inflationary risks remain as challenges.
Albany International Corp. (NYSE:AIN) is set to announce its third-quarter financial results for 2021 on October 25, 2021, after market close. A webcast for discussing these results will occur on October 26, 2021, at 9:00 a.m. ET. Interested investors can access the webcast through the Company’s Investor Relations website or dial in at 1-(844) 291-6362 with the access code 8796723. Albany International specializes in engineered components for various industries, operating 23 facilities globally and employing around 4,000 staff.
Albany International Corp. (NYSE: AIN) CFO Stephen Nolan is scheduled to speak at the Sidoti Virtual Smallcap Conference on Wednesday, September 22, 2021, at 10:00 a.m. ET. Investors can tune into the live webcast on Albany's Investor Relations website, with a replay available for 90 days post-event. Albany International, headquartered in Rochester, New Hampshire, specializes in engineered components for various industries, notably machine clothing and advanced aerospace materials, operating 23 facilities across 11 countries.
FAQ
What is the current stock price of Albany Intl (AIN)?
What is the market cap of Albany Intl (AIN)?
