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Albany International Corp. reports developments for a materials science manufacturer with two core businesses: Machine Clothing, which produces custom-designed consumable belts for paper, paperboard, tissue, towel, pulp, non-wovens and industrial applications, and Albany Engineered Composites, which designs and manufactures advanced composite components for aerospace and defense platforms.
Recurring Albany International news includes operating results, dividend and capital-allocation updates, investor presentations, governance matters, and product or technology disclosures tied to engineered fabrics, high-speed process belts and advanced composite manufacturing. Company updates also cover aerospace composite applications for engine, airframe, missile, unmanned-vehicle, space and advanced air mobility markets.
The Board of Directors of Albany International Corp. (NYSE: AIN) has declared a quarterly dividend of $0.21 per share on the Company’s Class A Common Stock. This dividend is payable on July 8, 2022, to shareholders of record as of June 7, 2022. Albany International is a major manufacturer of engineered components, operating 23 plants across 11 countries and employing over 4,100 people. The company has a diversified business model, including Machine Clothing and Albany Engineered Composites, serving both commercial and military aerospace sectors.
Albany International (NYSE: AIN) will host an Investor Day on May 25, 2022, in Boston, Massachusetts. The event will feature key executives, including Bill Higgins, CEO, and Stephen Nolan, CFO. A live web stream will start at 9:00 AM Eastern, and registration is available on their website at www.albint.com. For in-person attendance, contact John Hobbs at john.hobbs@albint.com. Albany International specializes in engineered components for paper product manufacturing and advanced materials for aerospace applications.
Albany International Corp. (NYSE: AIN) reported its Q1 2022 results, highlighting a 10% revenue growth to $244.2 million, primarily driven by a strong performance in the Machine Clothing and Engineered Composites segments. Machine Clothing sales increased over $5 million year-over-year, marking the segment's highest revenue since 2015. Operating income slightly declined to $38.8 million due to write-offs related to the withdrawal from Russia. The company reiterated its guidance for 2022, projecting total revenue between $920 million and $960 million.
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.