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) will release its first-quarter financial results for 2022 on April 25 after market close. The company will host a webcast on April 26 at 9:00 a.m. Eastern Time to discuss these results. Interested parties can access the webcast on Albany International's Investor Relations website. For those without internet access, a dial-in option is available. Albany International is known for its engineered components and operates 23 facilities globally, employing approximately 4,100 people.
Albany International Corp. (NYSE:AIN) will have President and CEO Bill Higgins speak at the Sidoti & Company Small Cap Virtual Conference on March 23, 2022, at 1:45 p.m. ET. Interested investors can listen to the live webcast on the company’s Investor Relations website, with a replay available until June 20, 2022. Albany International is a leader in engineered components, providing advanced materials for both commercial and military applications. The company operates 23 plants globally and employs over 4,100 people, focusing on paper manufacturing fabrics and advanced composite components.
Albany International Corp. (NYSE: AIN) has elected Russell E. Toney to its Board of Directors. Toney, who is 52, has extensive experience in various leadership roles, recently serving as President of the Specialty Business Group at Dover Corporation. His background includes over 13 years at General Electric, focusing on sales and operations, along with a strong engineering foundation from his education in Chemical Engineering and an MBA. Chairman Erland Kailbourne expressed confidence in Toney's ability to contribute significantly to the company's strategic vision and product innovation.
Albany International Corp. (NYSE: AIN) Chief Financial Officer Stephen Nolan will present at the J.P. Morgan Industrials Conference in New York City on March 17, 2022, at 3:50 p.m. Eastern Time. Interested investors can listen to the live webcast on the Company's Investor Relations website, with a replay available until April 16, 2022. Albany International, headquartered in Rochester, New Hampshire, specializes in engineered components and operates 23 plants globally, employing over 4,100 people. The company is known for its leading Machine Clothing segment and Albany Engineered Composites.
The Board of Directors of Albany International Corp. (NYSE: AIN) has declared a quarterly dividend of $0.21 per share on its Class A and Class B Common Stock. This dividend is scheduled to be payable on April 7, 2022, to shareholders of record as of March 21, 2022.
Albany International is a leader in engineered components, primarily in Machine Clothing for paper production and Albany Engineered Composites for advanced materials in aviation. The company operates 23 plants in 11 countries and employs over 4,100 people.
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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.