Albany International

Albany International Corp. engages in textiles and materials processing. It operates through the following segments: Machine Clothing and Albany Engineered Composites. The Machine Clothing segment supplies fabrics used in the manufacturing process in the pulp, corrugator, nonwovens, fiber cement, building products, and tannery and textile industries. The Engineered Composites segment provides composite structures to customers in the commercial and defense aerospace industries. The firm offers regular fabric, consultative, diagnostic, and project specific services. The company was founded on March 8, 1895 and is headquartered in Rochester, NH.

Earnings data Q1 2021

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Albany International (AIN) reports robust 2022 performance amidst challenges

Albany International (AIN) navigated 2022's challenges well, showcasing resilience and strategic foresight. Strong financial performance, focus on innovation, and operational excellence position AIN for sustained growth. Addressing supply chain issues, managing costs, and seizing growth opportunities will be key focus areas for AIN in 2023.

Albany International posts robust Q1 results, eyes growth opportunities ahead

Albany International delivered strong Q1 results, driven by growth in Engineered Composites and robust profitability in Machine Clothing.
Strategic investments in innovation and partnerships position the company well for future growth and market leadership.
While facing leadership transition challenges, Albany International remains optimistic about its future prospects and maintaining financial guidance for 2023.

Albany International (AIN) reports strong Q2 results and strategic acquisitions

Albany International (AIN) delivered solid Q2 performance with revenue growth, strong margins, and strategic acquisitions driving future growth.
While facing CEO succession challenges and nonoperational impacts on EPS, the company's focus on operational efficiency and growth segments positions it well for the future.
With raised full-year guidance and promising acquisitions, Albany International is poised for continued success in specialized manufacturing markets.

Albany International (AIN) reports strong Q3 earnings and growth outlook

Albany International's Q3 performance reflects steady growth, operational efficiency, and strategic acquisitions. The company's focus on innovation, customer service, and financial strength positions it well for future opportunities in the aerospace and industrial sectors.

Albany International (AIN) reports strong Q4 performance and optimistic 2024 outlook

Albany International's Q4 2023 performance reflects robust financial growth, driven by revenue increases and improved EBITDA.
The company's strategic focus on operational excellence and customer satisfaction underscores its commitment to long-term success.
While facing challenges in maintaining growth and integrating acquisitions, Albany International remains optimistic about its 2024 outlook and growth prospects.

Albany International (AIN) reports stellar Q1 results and eyes strategic growth

Albany International (AIN) showcased a strong Q1 2024 performance, driven by robust sales growth in Machine Clothing and Engineered Composites segments, alongside operational efficiency improvements.
While facing challenges such as flat revenue expectations in the LEAP program and cash flow utilization, the company's strategic focus on profitability and operational enhancements positions it well for future growth.
By capitalizing on strengths like high-margin segments and significant contract wins, Albany International (AIN) can navigate challenges, leverage opportunities, and sustain its positive momentum.

Albany International (AIN) reports strong Q2 results and reaffirms 2024 outlook

Albany International (AIN) showcased robust financial performance in Q2 2024, driven by strong results in key segments.
Despite challenges like LEAP program adjustments, the company's strengths in net sales and EBITDA margins stand out.
Opportunities lie in market expansion, revenue diversification, and strategic leadership changes to drive future growth.
Overall, Albany International's reaffirmed 2024 outlook reflects confidence in navigating market conditions and program performance.

Albany International posts strong Q3 results, eyes growth opportunities ahead

Albany International (AIN) delivered a solid performance in Q3 2024, with strong revenues and free cash flow, despite facing challenges in certain regions and segments.
The company's focus on operational adjustments, integration efforts, and margin improvements bode well for future growth and stability.
Investors can look forward to the upcoming Investor Day for detailed insights on leadership, long-term guidance, and growth strategies.

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When a stock experiences a golden cross technical event, good things could be on the horizon. How should investors react?

After Golden Cross, Albany International (AIN)'s Technical Outlook is Bright

Here is how Albany International (AIN) and Applied Industrial Technologies (AIT) have performed compared to their sector so far this year.

Is Albany International (AIN) Outperforming Other Industrial Products Stocks This Year?

Albany International (AIN) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Albany International Corporation (AIN) Soars to 52-Week High, Time to Cash Out?

Albany International (AIN) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will Albany International (AIN) Gain on Rising Earnings Estimates?

Here is how Albany International (AIN) and Heritage-Crystal Clean (HCCI) have performed compared to their sector so far this year.

Has Albany International (AIN) Outpaced Other Industrial Products Stocks This Year?

Albany International Corp. (NYSE:AIN ) Q2 2022 Earnings Conference Call July 26, 2022 9:00 AM ET Company Participants John Hobbs - Director, Investor Relations Bill Higgins - President and Chief Executive Officer Stephen Nolan - Chief Financial Officer Conference Call Participants Michael Ciarmoli - Truist Securities Pete Skibitski - Alembic Global Gautam Khanna - Cowen Peter Arment - Baird Operator Ladies and gentlemen, thank you for standing by. Welcome to the Albany International Q2 2022 Earnings Conference Call.

Albany International Corp. (AIN) CEO Bill Higgins on Q2 2022 Results - Earnings Call Transcript

Albany International (AIN) delivered earnings and revenue surprises of 34.18% and 11.09%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Albany International (AIN) Q2 Earnings and Revenues Top Estimates

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its second quarter of 2022, which ended June 30, 2022. "We are pleased to report another quarter of excellent results,” said Albany International President and Chief Executive Officer, Bill Higgins. “Our revenue of $261 million was up on both a year-over-year and sequential basis driven by growth in our Engineered Composites segment from recovering commercial aircraft production and prev

Albany International Reports Second-Quarter 2022 Results, Raises 2022 Guidance

Albany International (AIN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Should You Buy Albany International (AIN) Ahead of Earnings?

Albany International (AIN) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Albany International (AIN) Keep the Earnings Surprise Streak Alive?

Albany International (AIN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Albany International (AIN) Expected to Beat Earnings Estimates: Should You Buy?

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International (NYSE: AIN), a leading developer and manufacturer of engineered components, will host an Investor Day at The Langham, Boston hotel on Wednesday, May 25, 2022. Featured speakers include: Bill Higgins, President and Chief Executive Officer Daniel Halftermeyer, President – Machine Clothing Greg Harwell, President – Albany Engineered Composites Stephen Nolan, Chief Financial Officer and Treasurer A live web stream of the event will begin prompt

Albany International to Host Investor Day May 25

Albany International Corporation (NYSE:AIN ) Q1 2022 Earnings Conference Call April 26, 2022 9:00 AM ET Company Participants Bill Higgins - President, Chief Executive Officer Stephen Nolan - Chief Financial Officer, Treasurer John Hobbs - Director, Investor Relations Conference Call Participants Pete Skibitski - Alembic Global Peter Arment - Baird John Franzreb - Sidoti & Company Gautam Khanna - Cowen Michael Ciarmoli - Truist Securities Operator Ladies and gentlemen, thank you for standing by. Welcome to the Albany International first quarter earnings call.

Albany International (AIN) CEO, Bill Higgins on Q1 2022 Results - Earnings Call Transcript

Albany International (AIN) delivered earnings and revenue surprises of 24.66% and 8.25%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Albany International (AIN) Beats Q1 Earnings and Revenue Estimates

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its first quarter of 2022, which ended March 31, 2022. “We are pleased to report strong revenue growth during the first quarter of 2022,” said Albany International President and Chief Executive Officer, Bill Higgins. “Our team remained nimble and flexible in the face of an unpredictable business environment caused by COVID variant waves and Russia's invasion of Ukraine. “In response to t

Albany International Reports First-Quarter 2022 Results

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) President and Chief Executive Officer, Bill Higgins, will speak at the Sidoti & Company Small Cap Virtual Conference on Wednesday, March 23, 2022 at 1:45 p.m. Eastern Time. Interested parties are invited to listen to the live webcast via the Company's Investor Relations website at www.albint.com. A replay of the webcast will be available on the website until June 20, 2022. About Albany International Corp. Albany Interna

Albany International to Present at Sidoti Small Cap Virtual Conference

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) announced today that Russell E. Toney has been elected to its Board of Directors. Mr. Toney, age 52, has served since 2018 as President, Specialty Business Group at Dover Corporation, a diversified global manufacturing company, responsible for multiple operating companies in Dover's portfolio of entities producing highly engineered products for the electronics, automotive, industrial automation, defense and communications i

Russell E. Toney Elected to Albany International Corp. Board of Directors

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) Chief Financial Officer and Treasurer, Stephen Nolan, will speak at the J. P. Morgan Industrials Conference in New York City on Thursday, March 17, 2022 at 3:50 p.m. Eastern Time. Interested parties are invited to listen to the live webcast via the Company's Investor Relations website at www.albint.com. A replay of the webcast will be available on the website until April 16, 2022. About Albany International Corp. Albany Int

Albany International to Present at J. P. Morgan Industrials Conference

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN), a leading developer and manufacturer of engineered components, has been recognized on the Forbes list of America's Best Employers 2022. “At Albany we believe our talent is our best competitive advantage and we are committed to creating an inclusive culture of continuous learning and development to support our employees to unleash their fullest potential,” says Alice McCarvill, CHRO and Executive VP of Human Resources. “I a

Albany International Named to Forbes America's Best Employers 2022 List

Albany International Corp. (AIN) CEO Bill Higgins on Q4 2021 Results - Earnings Call Transcript

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its fourth quarter of 2021, which ended December 31, 2021. "We are pleased to report another strong quarter, capping a great year in 2021," said Bill Higgins, President and Chief Executive Officer. "Our employees performed remarkably well throughout the year serving customers, winning new business, developing new products, and navigating supply chain and COVID challenges. For the year th

Albany International Reports Fourth-Quarter 2021 Results

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE: AIN) announced today that its subsidiary Albany Engineered Composites (AEC) has been selected by Sikorsky Aircraft to produce the complete CH-53K Aft Transition assembly in a competitively bid 10-year long term agreement (LTA) covering Lots 7 through 14. Long-lead funding is already underway to support the schedule and the contract is expected to be finalized in the first quarter of 2022 with first deliveries in 2023. “We are t

Albany International Selected by Sikorsky to Produce CH-53K Aft Transition, Adding to Its Share on The Program

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) announced today that Christina M. Alvord has been elected to its Board of Directors. Ms. Alvord, age 54, served in various roles at Vulcan Materials Company, from 2015 to 2021, including President, Southern and Gulf Coast Division; President, Central Division; and Vice President, Performance Improvement. Prior to 2015 Ms. Alvord held various technical and executive leadership positions at the GE Aviation unit of General Ele

Christina Alvord Elected to Albany International Corp. Board of Directors

PARIS & ROCHESTER, N.H.--(BUSINESS WIRE)--Safran Aircraft Engines, a world leading engine manufacturer, and Albany International Corp. (NYSE: AIN), a leading developer and manufacturer of engineered composite components, today announced an agreement extending their partnership to the year 2046. Through this new agreement, the two companies declare their intent to work together on the next generation engines and thus contribute to the 2050 net-zero CO2 emissions commitment of the aviation indust

Safran and Albany International Extend Strategic Cooperation on Advanced Composites

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE: AIN) released its inaugural Sustainability report, focused on the company's management approach and accomplishments in key environmental, social and governance areas. “At Albany International, we have long demonstrated that by living by our core values of safety, accountability, integrity, respect, passion, and innovation – we can drive our business forward and make an impact that benefits our people, our communities, and the w

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