Albany International (AIN) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Apri ...

Albany International Corp. (NYSE:AIN) Q4 2023 Earnings Conference Call February 27, 2024 9:00 AM ET Company Participants John Hobbs - Director, Investor Relations Gunnar Kleveland - President and CEO Rob Starr - Chief Financial Officer and Treasurer Conference Call Participants Steve Tusa - J.P. Morgan Jan-Frans Engelbrecht - Baird Pete Osterland - Truist Securities Jordan Lane - Bank of America Spencer Breitzke - TD Cowen Operator Good day and thank you for standing by. Welcome to Albany International’s Fo ...

For the quarter ended December 2023, Albany International (AIN) reported revenue of $323.58 million, up 20.4% over the same period last year. EPS came in at $1.22, compared to $0.75 in the year-ago quarter.The reported revenue represents a surprise of +7.13% over the Zacks Consensus Estimate of $302.04 million. With the consensus EPS estimate being $0.84, the EPS surprise was +45.24%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to ...

Albany International (AIN) came out with quarterly earnings of $1.22 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 45.24%. A quarter ago, it was expected that this textile and composite maker would post earnings of $0.91 per share when it actually produced earnings of $1.02, delivering a surprise of 12.09%.Over the last fou ...

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its full year and fourth quarter of 2023, which ended December 31, 2023. "In 2023, our business remained focused on operational execution and delivered outstanding financial performance," said Gunnar Kleveland, President and Chief Executive Officer. "I am pleased to report record revenues of $1.15 billion in 2023, up 11% from last year. GAAP EPS grew in the mid-teens, and Adjusted EPS of $4.06, wa ...

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: February 26, 2024 (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 D ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________ FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2023 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 ____________________________________________________ ...

ROCHESTER, N.H.--(BUSINESS WIRE)--The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.26 per share on the Company’s Class A Common Stock. The dividend is payable April 5, 2024, to shareholders of record on March 15, 2024. About Albany International Corp. Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses. Machine Clothing is ...

ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) announced today that Bonnie C. Lind has been elected to its Board of Directors and that Director John R. Scannell has been appointed Chairman of the Board. Ms. Lind, age 65, served as Sr. Vice President, CFO & Treasurer of Neenah Inc. following its spinoff from Kimberly-Clark Corporation in 2004 until October 2020. Prior to that, from 1984 she held a number of increasingly senior financial and operational positions within Kimberly-Clar ...

Wall Street analysts expect Albany International (AIN) to post quarterly earnings of $0.84 per share in its upcoming report, which indicates a year-over-year increase of 12%. Revenues are expected to be $302.04 million, up 12.4% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings disclosure, it is crucia ...