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) is set to announce its third-quarter financial results for 2021 on October 25, 2021, after market close. A webcast for discussing these results will occur on October 26, 2021, at 9:00 a.m. ET. Interested investors can access the webcast through the Company’s Investor Relations website or dial in at 1-(844) 291-6362 with the access code 8796723. Albany International specializes in engineered components for various industries, operating 23 facilities globally and employing around 4,000 staff.
Albany International Corp. (NYSE: AIN) CFO Stephen Nolan is scheduled to speak at the Sidoti Virtual Smallcap Conference on Wednesday, September 22, 2021, at 10:00 a.m. ET. Investors can tune into the live webcast on Albany's Investor Relations website, with a replay available for 90 days post-event. Albany International, headquartered in Rochester, New Hampshire, specializes in engineered components for various industries, notably machine clothing and advanced aerospace materials, operating 23 facilities across 11 countries.
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.
