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 strong Q4 2022 with net sales of $268.8 million, marking a 12% increase year-over-year, while full-year revenue reached over $1 billion. The Engineered Composites segment grew by 37%, driven by new business in the defense sector. However, operating income fell by 9.2% to $37.9 million, and net income attributable to the company decreased to $18.1 million ($0.58 per share), compared to $28.6 million ($0.89 per share) in Q4 2021. For 2023, the company anticipates revenue between $1.01 and $1.05 billion and adjusted EPS ranging from $3.10 to $3.60.
Albany International Corp. (NYSE: AIN) announced that CFO Stephen Nolan will present at the Cowen 44th Annual Aerospace/Defense and Industrials Conference on February 16, 2023, at 10:00 a.m. ET. Interested audiences can access the live webcast via the Company's Investor Relations website, with a replay available for 90 days post-event. Albany International specializes in engineered components through two main segments: Machine Clothing, the top producer of fabrics for paper manufacturing, and Albany Engineered Composites, which focuses on advanced materials for jet engines and airframes. Headquartered in Rochester, New Hampshire, the company operates 23 plants across 11 countries.
Albany International Corp. (NYSE: AIN) plans to release its financial results for the fourth quarter and full year of 2022 on February 13, 2023, after market close. A webcast is scheduled for 9:00 a.m. ET on February 14 to discuss these results, accessible via their Investor Relations website. The company specializes in engineered components, with a strong focus on custom-designed fabrics for paper manufacturing and advanced materials for aerospace applications. Albany International operates globally with approximately 4,200 employees.
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.
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