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0 0 0.0012944339340834 -0.00169272129841682 -0.0021905805038335 0.00687045703475055 0.0114507617245842 0.00547645125958376
Stock impact report

Why Albany (AIN) Stock Is Trading Up 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
Shares of industrial equipment and engineered products manufacturer Albany (NYSE:AIN) jumped 3.1% in the morning session after the company announced it was evaluating strategic options for its structures assembly business, including a potential sale that could boost profitability. The review concerned its AED Facility in Salt Lake City. Management disclosed that more than ten private equity investors had expressed interest in the business. The company expected that if a sale was completed, the Albany Engineered Composites segment's adjusted EBITDA margin would rise to the mid-to-high teens, signaling a move toward greater profitability for the unit. In other positive news, Albany's Board of Directors also declared a quarterly dividend of $0.28 per share. Show less Read more
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