Albany International Reports Fourth-Quarter 2023 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 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, was up 4.9% from last year. Importantly the company delivered 2023 free cash flow of $64 million, up significantly from the $32 million generated in 2022."Fourth quarter results were particularly strong with outstanding contributions from both of our business segments," continued Kleveland. "Our first full quarter of Heimbach integration is complete, and we are on track to deliver on the promise of that acquisition. Meanwhile, our core Machine Clothing operations grew fourth quarter r
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News
- 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
- Albany International Corp. (NYSE:AIN) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Albany International Corp. (NYSE: AIN) had its price target lowered by analysts at Truist Financial Co. from $121.00 to $104.00. They now have a "buy" rating on the stock.MarketBeat
- Albany International Reports First-Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
AIN
Earnings
- 4/29/24 - Beat
AIN
Analyst Actions
- 5/3/24 - JP Morgan
AIN
Sec Filings
- 5/6/24 - Form 4
- 5/3/24 - Form 4
- 4/29/24 - Form 10-Q
- AIN's page on the SEC website