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Stock impact report

Albany International Reports First-quarter 2020 Results

Albany International Corporation (AIN) 
Last albany international corporation earnings: 4/29 05:05 pm Check Earnings Report
Company Research Source: Business Wire
ROCHESTER, N.H.--(BUSINESS WIRE)--Albany International Corp. (NYSE:AIN) today reported operating results for its first quarter of 2020, which ended March 31, 2020.“We are pleased with the performance of the business during the first quarter.” said Albany International President and Chief Executive Officer Bill Higgins. “We are focusing in the near-term on maintaining the health and safety of our workforce while fulfilling our commitments to our customers – particularly in our role as a supplier to industries considered essential to dealing with the COVID-19 response and essential to the U.S. defense industrial base.“We finished the first quarter in good financial health with a strong balance sheet, low leverage, and over $400 million of liquidity. We’ve adapted our operations by sharing best practices to work safely within the new reality of the COVID-19 pandemic. To manage through the turbulence caused in some of our end-markets, we will continue to assess the dynamics of the sit Show less Read more
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