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Stock impact report

Why Albany (AIN) Shares Are Falling Today [Yahoo! Finance]

Albany International Corporation (AIN) 
Last albany international corporation earnings: 4/29 05:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
session after the company reported disappointing third-quarter financial results, announced a significant loss reserve, and withdrew its full-year 2025 guidance. Revenue for the quarter came in at $261.4 million, a 12.4% decline from the previous year and well below estimates of $297.9 million. The company reported a GAAP net loss of approximately $97.8 million, a sharp reversal from the $18 million profit recorded in the same period a year ago. A major factor in the poor results was the Albany Engineered Composites segment, which faced challenges with its CH-53K program. The company announced a $147 million loss reserve for the program, citing increased labor and material costs and stating there was no clear path to profitability. Due to the ongoing strategic review of this business, Albany International also withdrew its financial forecast for the full year, adding to investor uncertainty. The shares closed the day at $48.14, down 10.8% from previous close. The stock market ov Show less Read more
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