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 (AIN) delivers mission-critical solutions through its advanced textiles and engineered composites, serving global industries from paper manufacturing to aerospace systems. This dedicated news hub provides investors and industry professionals with verified updates on financial performance, technological advancements, and strategic initiatives.
Access consolidated information on earnings announcements, product innovations, and strategic partnerships that shape AIN's market position. Our curated feed includes official press releases and third-party analyses covering both core segments: machine clothing for industrial processes and engineered composites for aerospace applications.
Bookmark this page to track AIN's developments in custom textile solutions and composite components critical to next-generation aircraft. Stay informed about operational expansions, R&D milestones, and leadership updates impacting this NYSE-listed industrial innovator.
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.
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.
The Board of Directors of Albany International (NYSE: AIN) has announced a quarterly dividend of $0.21 per share on its Class A and Class B Common Stock. This dividend is payable on January 10, 2022, to shareholders of record on December 28, 2021. Albany International is a leader in engineered components for various industries, notably in machine clothing and advanced materials for aerospace applications, with operations in 11 countries and over 4,000 employees.
Albany International Corp. (NYSE: AIN) and Safran Aircraft Engines have extended their partnership until 2046 to develop next-generation aircraft engines. This collaboration aims to support the aviation industry's commitment to achieving net-zero CO2 emissions by 2050. Initiated in 2006, their joint efforts have led to significant innovations, such as the advanced 3D-woven composite technology used in the LEAP engine. With three production plants established, they have delivered over 130,000 LEAP engine parts, reflecting their commitment to sustainability and improved fuel efficiency.
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