Albany Engineered Composites
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Albany International (AIN) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2025-11-06 22:01
Core Viewpoint - Albany International (AIN) reported a significant decline in revenue and earnings for the quarter ended September 2025, indicating potential challenges in its financial performance [1]. Financial Performance - Revenue for the quarter was $261.43 million, down 12.4% year-over-year, and below the Zacks Consensus Estimate of $297.89 million, resulting in a surprise of -12.24% [1]. - Earnings per share (EPS) for the quarter was $0.71, compared to $0.80 a year ago, reflecting a decrease in profitability [1]. - The company delivered an EPS surprise of +1.43%, with the consensus EPS estimate being $0.70 [1]. Segment Performance - Revenue from Albany Engineered Composites was $86.48 million, significantly below the two-analyst average estimate of $122.85 million, marking a year-over-year decline of 25% [4]. - Revenue from Machine Clothing was $174.95 million, slightly below the two-analyst average estimate of $175.04 million, with a year-over-year change of -4.4% [4]. - Operating income for Machine Clothing was reported at $43.1 million, compared to the estimated $48.88 million by two analysts [4]. Stock Performance - Albany International's shares have returned -3.5% over the past month, contrasting with the Zacks S&P 500 composite's +1.3% change, indicating underperformance relative to the broader market [3]. - The stock currently holds a Zacks Rank 5 (Strong Sell), suggesting potential further underperformance in the near term [3].
Albany International Issues 2024 Climate Report
Businesswire· 2025-10-07 20:20
Core Insights - Albany International Corp. released its 2024 Climate Report, emphasizing sustainability, innovation, and climate-related disclosures [1][2] - The report reflects the company's commitment to integrating climate considerations into its business strategy, focusing on product-level emissions to drive innovation and accountability [2] Sustainability Commitment - The company aims to understand the full lifecycle impact of its products, which is essential for driving meaningful change and uncovering new opportunities for smarter design and emission reductions [2] - Albany International is dedicated to transparency and open communication, inviting feedback and collaboration to enhance sustainability practices [2] Company Overview - Albany International is a leading developer and manufacturer of engineered components, operating 30 facilities in 13 countries and employing approximately 5,400 people worldwide [4][5] - The company is listed on the New York Stock Exchange under the symbol AIN [5] Business Segments - The Machine Clothing segment is the world's leading producer of custom-designed fabric and high-speed process belts for various industrial applications [6] - Albany Engineered Composites specializes in innovative composite technology solutions for aerospace and defense applications, providing advanced composite structures and assembly solutions [6]
Albany International (AIN) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2025-05-01 00:05
Core Insights - Albany International (AIN) reported revenue of $288.77 million for the quarter ended March 2025, reflecting a year-over-year decline of 7.8% and an EPS of $0.73 compared to $0.90 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $290.24 million by 0.51%, while the EPS exceeded the consensus estimate of $0.58 by 25.86% [1] Revenue Performance - Albany Engineered Composites generated revenue of $114.08 million, surpassing the average estimate of $112.10 million, but showing an 11% decline year-over-year [4] - Machine Clothing revenue was reported at $174.70 million, below the average estimate of $178.14 million, with a year-over-year decrease of 5.7% [4] Operating Income - Albany Engineered Composites reported an operating income of $1.62 million, significantly better than the average estimate of -$0.90 million [4] - Machine Clothing's operating income was $38.43 million, which fell short of the average estimate of $44.26 million [4] Stock Performance - Albany International's shares have returned -5.2% over the past month, compared to a -0.2% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]