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.
The Board of Directors of Albany International Corp. (NYSE: AIN) has declared a quarterly dividend of $0.20 per share on its Class A and Class B Common Stock. This dividend is payable on October 7, 2021, to shareholders of record on September 7, 2021. Albany International is a prominent developer and manufacturer of engineered components, with significant operations in machine clothing and engineered composites, supporting various commercial and military applications.
Albany International Corp. (NYSE: AIN) has completed a secondary offering, selling 1,566,644 shares of its Class A common stock, generating approximately $119 million in net proceeds for the Selling Stockholders. The offering did not involve shares sold by the Company itself, which retained its financial position. J.P. Morgan Securities LLC acted as the sole underwriter for the offering. No new capital was raised for Albany International, as the proceeds benefit the Selling Stockholders only.
Albany International Corp. (NYSE: AIN) reported strong second-quarter results for 2021, with revenues of $234.5 million, a 4% increase year-over-year. The Machine Clothing and Engineered Composites segments both performed well, despite challenges in the aerospace supply chain. The company raised its full-year guidance, projecting revenue between $880 and $910 million and adjusted EPS between $2.90 and $3.20. Net income was $31.4 million, or $0.97 per share, down slightly from $32.4 million, or $1.00 per share, a year earlier. The outlook reflects confidence in recovery and operational performance.
Spirit AeroSystems and Albany Engineered Composites have entered a technical collaboration to enhance hypersonic program developments. This partnership combines Spirit's high-temperature composites with Albany's expertise in 3D woven composites, aiming to produce scalable Thermal Protection Systems for hypersonic missions. The collaboration seeks to address challenges in the Department of Defense’s hypersonic programs by optimizing performance and reducing manufacturing risks. By leveraging their technologies, the companies hope to improve production efficiency and response times to meet industry demands.
Albany International Corp. (NYSE: AIN) will announce its 2021 second-quarter financial results on July 26, 2021, after market close. A webcast discussing these results is scheduled for 9:00 a.m. Eastern Time on July 27. The company specializes in engineered components through two main divisions: Machine Clothing, which produces fabrics for paper manufacturing, and Albany Engineered Composites, focused on aerospace applications. Albany operates 23 facilities globally and employs around 4,000 people. For more information, visit www.albint.com.
The Board of Directors of Albany International Corp. (NYSE: AIN) declared a quarterly dividend of $0.20 per share on its Class A and Class B Common Stock. This dividend is payable on July 8, 2021, to shareholders of record on June 7, 2021. Albany International, a leading manufacturer of engineered components, operates 23 plants across 11 countries and employs over 4,000 people. The company is known for its machine clothing used in paper manufacturing and engineered composites for aerospace applications.
Albany International Corp. (NYSE:AIN) reported Q1 2021 results, showing net sales of $222.4 million, a 6% decline YoY. The Engineered Composites segment faced a significant 25.2% drop in sales, while the Machine Clothing segment improved by 8.5%. Gross profit slightly decreased to $88.5 million, and net income surged to $27.6 million, or $0.85 per share, compared to $9.1 million ($0.28 per share) in Q1 2020. The company reaffirms its 2021 guidance, anticipating revenue between $850-$890 million and Adjusted EPS of $2.40-$2.80 despite risks from the global pandemic impacting aerospace markets.
Albany International Corp. (NYSE:AIN) is set to release its first-quarter financial results for 2021 on April 26, after market close. A conference call will follow on April 27 at 9:00 AM ET, available via webcast on the Company’s Investor Relations website. Albany International specializes in engineered components, with operations in 23 facilities across 11 countries and around 4,000 employees. It has two core segments: Machine Clothing for paper manufacturing and Albany Engineered Composites for aerospace applications. Further information is provided on their website.
Albany International Corp. (NYSE:AIN) will present at the Sidoti Spring 2021 Virtual Conference on March 24, 2021, at 10:00 a.m. Eastern Time. CEO Bill Higgins and CFO Stephen Nolan will discuss the company's initiatives. Interested listeners can access the live webcast on the company's Investor Relations website. A replay will be available for 90 days after the event. Albany International specializes in engineered components and operates in two sectors: Machine Clothing for paper production and Engineered Composites for aerospace applications.
The Board of Directors of Albany International Corp. (NYSE: AIN) has declared a quarterly dividend of $0.20 per share for Class A and Class B Common Stock. This dividend is payable on April 8, 2021, to shareholders of record by March 19, 2021.
Albany International is a leading developer of engineered components with significant operations in the paper and aerospace industries. The company operates 23 plants globally and employs over 4,000 people.
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