Albany Intl Corp Stock Price, News & Analysis

The Board of Directors of Albany International Corp. (NYSE: AIN) has announced a quarterly dividend of $0.25 per share on Class A Common Stock, marking a 19% increase from the previous $0.21. The dividend will be payable on January 9, 2023, to shareholders of record as of December 27, 2022. This increase reflects Albany's strong cash generation and the Board’s confidence in the company's growth prospects, as stated by President and CEO Bill Higgins.

Albany International Corp. (NYSE: AIN) reported strong Q3 2022 results with a revenue increase of 12.1% year-over-year, totaling $261 million. Engineered Composites sales soared by nearly 37% driven by LEAP production and the CH-53K program. Despite $49.1 million in pension settlement charges impacting GAAP EPS, adjusted EPS rose significantly to $1.15 from $0.83 in Q3 2021. The company updated its full-year 2022 guidance, anticipating total revenue between $990 million and $1.015 billion, and adjusted EPS of $3.50 to $3.80.

Albany International Corp. (NYSE:AIN) will announce its third-quarter financial results for 2022 on October 24, 2022, after market closure. A webcast to discuss the results will take place on October 25, 2022, at 9:00 a.m. Eastern Time. Interested investors can access the event via the Investor Relations website or by dialing in at 1-844-291-6362. The replay of the webcast will be available on the company’s website shortly after the event, around noon Eastern Time.

The Board of Directors of Albany International Corp. (NYSE: AIN) has declared a quarterly dividend of $0.21 per share on Class A Common Stock. This dividend is payable on October 7, 2022, to shareholders on record as of September 6, 2022.

Albany International is a leader in engineered components, particularly in machine clothing and engineered composites, serving both commercial and military applications. The company is headquartered in Rochester, New Hampshire, operates 23 plants globally, and employs over 4,100 people.

Albany International Corp. (NYSE:AIN) reported its Q2 2022 results, showcasing a revenue increase to $261 million, up 11.5% year-over-year, driven by growth in the Engineered Composites segment. The company's GAAP earnings per share (EPS) rose to $1.25, with adjusted EPS at $1.06, an increase from $1.01 last year. While gross profit decreased slightly to $100.6 million, operating income grew to $50.7 million. The company raised its full-year revenue guidance to between $970 million and $1.01 billion, despite acknowledging risks from inflation and supply chain issues.

Albany International Corp. (NYSE:AIN) will announce its Q2 2022 financial results on July 25, 2022, after market close. A webcast discussing the results is scheduled for 9:00 a.m. ET on July 26, available on the Company's Investor Relations website. Those without internet access can dial in at 1-877-692-8955 and provide the access code 6740021. A replay will be accessible around noon ET on the same day. Albany International specializes in engineered components and operates 23 facilities globally, employing about 4,100 people.

Albany International (NYSE: AIN) will hold an Investor Day on May 25, 2022, at The Langham, Boston. The event will feature key speakers including Bill Higgins, Daniel Halftermeyer, Greg Harwell, and Stephen Nolan. A live web stream will start at 9:00 AM Eastern. Investors can register for the virtual event on the company’s Investor Relations website. Albany International is a leader in engineered components, specializing in Machine Clothing 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 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.