Albany International Reports First-Quarter 2024 Results
Albany International Corporation (AIN)
Last albany international corporation earnings: 4/29 05:05 pm
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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 first quarter of 2024, which ended March 31, 2024."We had another good quarter as our businesses delivered solid results and are executing to their plans," said President and CEO, Gunnar Kleveland. "Revenue of $313 million, was up $44 million or 16.4% over prior year due to the inclusion of Heimbach and sales growth in Engineered Composites."In Machine Clothing, North American markets remain strong. For the quarter we experienced lower organic demand due to continued softness in Europe. However, we have seen an improvement in our global order backlog. We also continue to make excellent progress on the integration of Heimbach."Engineered Composites is continuing to execute on its long-term strategy of delivering top-line growth. Revenues increased more than 10% over prior year, driven by strength in our commercial programs, including space and other emerging platforms. W
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News
- Albany International Declares DividendBusiness Wire
- Albany International to Present at the Bank of America Transportation, Airlines, and Industrials Conference 2024 [Yahoo! Finance]Yahoo! Finance
- Albany International to Present at the Bank of America Transportation, Airlines, and Industrials Conference 2024Business Wire
- Albany International Corp. (NYSE: AIN) had its price target lowered by analysts at JPMorgan Chase & Co. from $98.00 to $96.00. They now have a "neutral" rating on the stock.MarketBeat
- Albany International Corp. (NYSE: AIN) had its price target lowered by analysts at TD Cowen from $106.00 to $95.00. They now have a "buy" rating on the stock.MarketBeat
AIN
Earnings
- 4/29/24 - Beat
AIN
Analyst Actions
- 5/3/24 - JP Morgan
AIN
Sec Filings
- 5/15/24 - Form SD
- 5/14/24 - Form 8-K
- 5/14/24 - Form 4
- AIN's page on the SEC website