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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Albany International Corp. - AIN
GlobeNewswire News Room· 2025-08-09 15:32
Core Viewpoint - Albany International Corp. is under investigation for potential securities fraud and unlawful business practices following disappointing financial results for Q2 2025, which led to a significant drop in stock price [1][3]. Financial Performance - Albany reported non-GAAP earnings per share of $0.57 for Q2 2025, missing consensus estimates by $0.16 [3]. - The company's stock price fell by $16.77, or 23.63%, closing at $54.19 per share on July 31, 2025, following the earnings announcement [3]. Legal Investigation - Pomerantz LLP is investigating claims on behalf of Albany investors regarding possible securities fraud or other unlawful business practices by the company and its officers/directors [1].
Albany International Corp. Investors: Company Investigated by the Portnoy Law Firm
GlobeNewswire News Room· 2025-08-05 21:52
Core Insights - Albany International Corp. is under investigation for possible securities fraud following a significant earnings miss in Q2 2025, which has led to a substantial decline in its stock price [1][3]. Financial Performance - Albany reported non-GAAP earnings per share of $0.57 for Q2 2025, which was $0.16 below consensus estimates [3]. - The company's stock price fell by $16.77, or approximately 23.63%, closing at $54.19 per share on July 31, 2025, after the earnings announcement [3]. Legal Actions - The Portnoy Law Firm has initiated an investigation and may file a class action on behalf of Albany investors who incurred losses [1]. - Investors are encouraged to contact the law firm for a complimentary case evaluation regarding their legal rights and options for recovering losses [2][4].
Albany International: Caution Warranted As Structure Weakens
Benzinga· 2025-08-04 11:16
Albany International AIN is currently in its phase 16, navigating through a critical zone of its Adhishthana cycle. The combination of weak Guna Triads and a continued descent from its Adhishthana Himalayan formation points to sustained caution. Here's a full breakdown. Albany International's Weak Guna Triads Suggest No Nirvana Ahead Fig.1 Albany International's Guna Triads (Source: Adhishthana.com) Under the Adhishthana Principles, phases 14, 15, and 16 together form the Guna Triads. These are essential in ...
INVESTOR ALERT: Investigation of Albany International Corp. (AIN) Announced by Holzer & Holzer, LLC
GlobeNewswire News Room· 2025-07-31 17:26
ATLANTA, July 31, 2025 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether Albany International Corp. (“Albany International” or the “Company”) (NYSE: AIN) complied with federal securities laws. On July 31, 2025, Albany International reported operating results for its second quarter 2025, noting its “performance was largely impacted by certain timing and operational issues[.]” Following this news, the price of the Company’s stock dropped.  If you purchased Albany International stock and suffer ...
Albany International(AIN) - 2025 Q2 - Earnings Call Transcript
2025-07-31 14:02
Financial Data and Key Metrics Changes - Consolidated net sales were $311 million, down 6.2% from $332 million in the same quarter last year [19] - Adjusted EBITDA margin decreased to 16.7% from 19% in the prior year [9] - GAAP net income attributable to the company for the quarter was $9.2 million compared to $24.6 million last year [22] - Adjusted diluted EPS was $0.57 versus $0.89 in the same period last year [23] Business Line Data and Key Metrics Changes - Machine Clothing reported revenues of $181 million, a decrease of 6.5% year-over-year [20] - Engineered Composites segment revenues were $130 million, reflecting a sequential growth of 14% from the first quarter [13] - Machine Clothing gross profit decreased to $84 million from $89 million in the prior year, while gross margin improved by 40 basis points to 46.3% [20] - AEC gross profit decreased to $14 million from $24 million, primarily due to cumulative EAC adjustments [21] Market Data and Key Metrics Changes - North America experienced a slight decline in deliveries due to packaging machine production curtailments [11] - Europe showed solid signs of recovery with good deliveries and orders, offsetting weakening conditions in Asia, particularly in China [11] - The global MC order backlog remains healthy, indicating confidence for a stronger second half of the year [11] Company Strategy and Development Direction - The company is focused on optimizing its global production footprint and has commenced two additional facility closures [7] - Investments in operational excellence are aimed at transforming execution of current programs and driving process improvements [8] - Advanced air mobility is identified as a significant source of growth, with new long-term agreements and investments in capabilities [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in recovery despite second quarter results lagging expectations due to timing and operational issues [5] - The company expects global growth to continue as tariff environments become more predictable [6] - Full year guidance is reaffirmed, projecting stronger performance in the second half driven by ramping programs and operational efficiencies [25] Other Important Information - The company successfully completed its S4HANA upgrade, enhancing systems and operational efficiencies [17] - Will Station has been appointed as the new CFO, bringing extensive experience from McKesson and Boeing [18] Q&A Session Summary Question: Can you talk about overall build rates in aerospace? - Management noted that ramp-up is occurring as Boeing is destocking and material is being brought in, indicating momentum towards prior production levels [28] Question: What factors could affect revenue range in the second half? - Key factors include Machine Clothing synergies and increased commercial programs at AEC, which are expected to drive growth and profitability [29] Question: Can you provide updates on the CH-53K program? - The ramp-up is being approached carefully, with significant investments in team training and production capabilities [33] Question: Can you elaborate on AEC margins and investments in labor? - AEC is performing well, but challenges remain with the CH-53K program, requiring more resources and time for ramp-up [37] Question: What gives confidence to maintain guidance despite challenges? - Confidence stems from improved performance indicators, including reduced quality issues and better operational efficiency [45] Question: What new programs are ramping up in the second half? - Existing and new programs, including the Bell 525 and JASSM, are expected to contribute to growth in the second half [48] Question: Can you provide details on the 3D woven composite parts? - The company is focused on replacing titanium with 3D woven technology, with certification expected in the next 18 months [55]
Albany International(AIN) - 2025 Q2 - Earnings Call Transcript
2025-07-31 14:00
Albany International (AIN) Q2 2025 Earnings Call July 31, 2025 09:00 AM ET Speaker0Good morning, and welcome to the Albany International Second Quarter twenty twenty five Earnings Call. I am Frans, and I'll be the operator assisting you today. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star one on your telephone keypad.Thank you. I would now li ...
Albany International (AIN) Q2 Earnings Lag Estimates
ZACKS· 2025-07-30 23:16
Core Viewpoint - Albany International reported quarterly earnings of $0.57 per share, missing the Zacks Consensus Estimate of $0.73 per share, and down from $0.89 per share a year ago, indicating an earnings surprise of -21.92% [1] Financial Performance - The company posted revenues of $311.4 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 5.47%, but down from $331.99 million year-over-year [2] - Over the last four quarters, Albany International has surpassed consensus EPS estimates two times and topped consensus revenue estimates just once [2] Stock Performance - Albany International shares have lost about 10.7% since the beginning of the year, while the S&P 500 has gained 8.3% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the coming quarter is $0.84 on revenues of $301.84 million, and for the current fiscal year, it is $3.19 on revenues of $1.2 billion [7] - The estimate revisions trend for Albany International was unfavorable ahead of the earnings release, which may impact future stock movements [6][5] Industry Context - The Textile - Products industry, to which Albany International belongs, is currently in the bottom 12% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Another company in the same industry, Unifi, is expected to report a quarterly loss of $0.67 per share, reflecting a year-over-year change of -204.6% [9]
Albany International(AIN) - 2025 Q2 - Quarterly Report
2025-07-30 20:37
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 1-10026 ALBANY INTERNATIONAL CORP. (Exact name of registrant as specified in its charter) Delaware (State or other juris ...
Albany International(AIN) - 2025 Q2 - Quarterly Results
2025-07-30 20:35
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report: July 30, 2025 (Date of earliest event reported) ALBANY INTERNATIONAL CORP. (Exact name of registrant as specified in its charter) | Delaware | 1-10026 | 14-0462060 | | --- | --- | --- | | (State or other jurisdiction | (Commission | (I.R.S Employer | | of incorporation) | File Number) | Identification No.) | | 216 Airport Drive ...
Earnings Preview: Albany International (AIN) Q2 Earnings Expected to Decline
ZACKS· 2025-07-23 15:08
Core Viewpoint - Albany International (AIN) is expected to report a year-over-year decline in earnings and revenues for the quarter ended June 2025, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is anticipated to show quarterly earnings of $0.73 per share, reflecting an 18% decrease year-over-year, and revenues of $295.26 million, down 11.1% from the previous year [3]. - The consensus EPS estimate has been revised 1.76% lower in the last 30 days, indicating a bearish sentiment among analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Albany International is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -12.73% [12]. - The stock currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat [12]. Historical Performance - In the last reported quarter, Albany International exceeded the expected earnings of $0.58 per share, achieving $0.73, which was a surprise of +25.86% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates two times [14]. Conclusion - Albany International does not appear to be a strong candidate for an earnings beat, and investors should consider additional factors when making investment decisions ahead of the earnings release [17].