AIN Albany International Corp. Class A

Albany International Issues 2023 Sustainability Report

Albany International Corp. (NYSE:AIN) announced today the publication of its 2023 Sustainability Report, outlining its commitment to sustainable practices in business, work environment, and communities. Sustainability highlights include the commitment to set near-term company-wide emission reduction targets aligned with the Science Based Targets initiative (SBTi) and their advances in materials recycling.

“We have much to be proud of this past year, as we have grown both our business and our sustainability ambitions simultaneously, which creates positive synergies for Albany and our customers,” said Gunnar Kleveland, President and CEO of Albany International Corp. “This is a journey of continuously improving our sustainability efforts throughout our organization, and we are committed to setting long-term sustainability goals. We continue to support our customers in their own sustainability efforts by enabling more efficient processes and more sustainable end products. We have also significantly ramped up our operational sustainability and reporting efforts and are excited about the opportunities ahead for further collaboration and innovation.”

“At Albany we are committed to continuous innovation and science-based solutions to enable a transition to a more sustainable global economy. Our reporting is a key element of that commitment in order to increase transparency and disclosure, as well as industry collaboration. We are pleased to issue this year’s report which complements our TCFD Report and CDP and other disclosures, and we look forward to continued progress,” said Anna Yates, Corporate EHS & Sustainability.

The report is available for viewing and download at

About Albany International Corp.

Albany International is a leading developer and manufacturer of engineered components, using advanced materials processing and automation capabilities, with two core businesses.

  • Machine Clothing is the world’s leading producer of custom-designed, consumable belts essential for the manufacture of paper, paperboard, tissue and towel, pulp, non-wovens and a variety of other industrial applications.
  • Albany Engineered Composites is a growing designer and manufacturer of advanced materials-based engineered components for demanding aerospace applications, supporting both commercial and military platforms.

Albany International is headquartered in Rochester, New Hampshire, operates 32 facilities in 14 countries, employs approximately 5,600 people worldwide, and is listed on the New York Stock Exchange (Symbol: AIN). Additional information about the Company and its products and services can be found at .

EN
20/03/2024

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Reports on Albany International Corp. Class A

 PRESS RELEASE

Albany International Reports First-Quarter 2024 Results

ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) today reported operating results for its first quarter of 2024, which ended March 31, 2024. "We had another good quarter as our businesses delivered solid results and are executing to their plans," said President and CEO, Gunnar Kleveland. "Revenue of $313 million, was up $44 million or 16.4% over prior year due to the inclusion of Heimbach and sales growth in Engineered Composites. "In Machine Clothing, North American markets remain strong. For the quarter we experienced lower organic demand due to continued softness...

 PRESS RELEASE

Albany International Announces Discontinuation of Manufacturing Capaci...

ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Korea, Inc., an affiliate of Albany International Corp. (NYSE:AIN), announced today its plan to discontinue manufacturing at its operations in Chungju, South Korea, and to transfer production to other Albany International manufacturing facilities. This action will enable the Company to align forming fabric capacity with the local market demand and the needs of customers. This initiative to streamline operations is driven by existing and anticipated market conditions, and in no way reflects on the performance of the 76 affected manufactu...

 PRESS RELEASE

Albany International Schedules Earnings Release Date

ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) will release 2024 first-quarter results Monday, April 29, 2024 after the market closes. The Company will host a webcast to discuss results at 9:00 a.m. Eastern Time on Tuesday, April 30. Interested parties are encouraged to listen to the live webcast via the Company’s Investor Relations website at . Interested parties may access dial information for the call by registering via web link . An archive of the webcast will be available for replay on the website at approximately noon Eastern Time on April 30, 2024. About ...

 PRESS RELEASE

Albany International Issues 2023 Sustainability Report

ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) announced today the publication of its 2023 Sustainability Report, outlining its commitment to sustainable practices in business, work environment, and communities. Sustainability highlights include the commitment to set near-term company-wide emission reduction targets aligned with the Science Based Targets initiative (SBTi) and their advances in materials recycling. “We have much to be proud of this past year, as we have grown both our business and our sustainability ambitions simultaneously, which creates positive sy...

 PRESS RELEASE

Albany International Reports Fourth-Quarter 2023 Results

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 m...

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