Albany International Reports Third-Quarter 2021 Results
Albany International Corporation (AIN)
Last albany international corporation earnings: 4/29 05:05 pm
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US:NYSE Investor Relations:
albint.com/en-us/investor/pages/home.aspx
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Source: Business Wire
Raises 2021 GuidanceAnnounces $200 Million Share Repurchase Authorization ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its third quarter of 2021, which ended September 30, 2021. Additionally, the company raised its full year financial guidance for 2021. Albany’s Board of Directors authorized a share repurchase program of up to $200 million."We are reporting another quarter of solid performance," said Bill Higgins, President and CEO. "Revenues of $232 million increased 9.6%. The Albany team delivered another strong quarter with solid growth in both businesses. Machine Clothing segment sales grew 11% from 2020’s third quarter and sustained excellent operating performance and margins. Engineered composites grew again in the quarter and is well positioned for stronger growth as military and commercial programs, led by single aisle aircraft, kick in.“We are in excellent financial health with low debt and strong free cash fl
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News
- Analysts Estimate Albany International (AIN) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- Albany International Announces Discontinuation of Manufacturing Capacity in South Korea [Yahoo! Finance]Yahoo! Finance
- Albany International Announces Discontinuation of Manufacturing Capacity in South KoreaBusiness Wire
- Albany International Schedules Earnings Release DateBusiness Wire
- Those who invested in Albany International (NYSE:AIN) five years ago are up 35% [Yahoo! Finance]Yahoo! Finance
AIN
Earnings
- 2/26/24 - Beat
AIN
Sec Filings
- 4/19/24 - Form 8-K
- 4/3/24 - Form ARS
- 3/28/24 - Form DEF
- AIN's page on the SEC website