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 (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.
Albany International Corp. (NYSE: AIN) reported its Q1 2022 results, highlighting a 10% revenue growth to $244.2 million, primarily driven by a strong performance in the Machine Clothing and Engineered Composites segments. Machine Clothing sales increased over $5 million year-over-year, marking the segment's highest revenue since 2015. Operating income slightly declined to $38.8 million due to write-offs related to the withdrawal from Russia. The company reiterated its guidance for 2022, projecting total revenue between $920 million and $960 million.
Albany International Corp. (NYSE: AIN) will release its first-quarter financial results for 2022 on April 25 after market close. The company will host a webcast on April 26 at 9:00 a.m. Eastern Time to discuss these results. Interested parties can access the webcast on Albany International's Investor Relations website. For those without internet access, a dial-in option is available. Albany International is known for its engineered components and operates 23 facilities globally, employing approximately 4,100 people.
Albany International Corp. (NYSE:AIN) will have President and CEO Bill Higgins speak at the Sidoti & Company Small Cap Virtual Conference on March 23, 2022, at 1:45 p.m. ET. Interested investors can listen to the live webcast on the company’s Investor Relations website, with a replay available until June 20, 2022. Albany International is a leader in engineered components, providing advanced materials for both commercial and military applications. The company operates 23 plants globally and employs over 4,100 people, focusing on paper manufacturing fabrics and advanced composite components.
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.
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