Albany International Reports Third-Quarter 2024 Results
Albany International Corporation (AIN)
Last albany international corporation earnings: 4/29 05:05 pm
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US:NYSE Investor Relations:
albint.com/en-us/investor/pages/home.aspx
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Source: Business Wire
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its third quarter of 2024, which ended September 30, 2024."I am pleased with the overall results of the quarter as we focused on operational excellence evidenced by strong results at Machine Clothing and Free Cash Flow generation of $78 million year-to-date. We are addressing the issues announced earlier this month, with specific emphasis on our Salt Lake Facility. Revenues of $298 million was up $17 million or 6.1% over prior year," said President and CEO, Gunnar Kleveland."In Machine Clothing, revenues of $183 million grew year-over-year, driven by our Heimbach acquisition. Our global order backlog remains stable and we continue to make progress with the integration at Heimbach."In Engineered Composites, we recorded revenues of $115 million, while our profitability was impacted by our previously announced EAC adjustments. Our backlog is well over $1 billion and longer ter
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News
- Albany International Corp. (NYSE: AIN) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Is Albany International Corp. (NYSE:AIN) Worth US$83.6 Based On Its Intrinsic Value? [Yahoo! Finance]Yahoo! Finance
- New Strong Sell Stocks for November 20th [Yahoo! Finance]Yahoo! Finance
- Albany International Corp. (NYSE: AIN) had its price target lowered by analysts at Bank of America Co. from $90.00 to $80.00. They now have an "underperform" rating on the stock.MarketBeat
- Albany International Corp. Announces Plans to Consolidate Manufacturing Capacity [Yahoo! Finance]Yahoo! Finance
AIN
Earnings
- 10/30/24 - Beat
AIN
Sec Filings
- 11/15/24 - Form 8-K
- 11/5/24 - Form 4
- 11/5/24 - Form 4
- AIN's page on the SEC website