ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) is honored to be one of 80 companies profiled for the World Engineering Day 2025 campaign. World Engineering Day for Sustainable Development (WED) 2025 will be launched at UNESCO’s Paris headquarters on 4 March 2025, marking the start of a year-long campaign of events, films and related articles and news. An official International Day, as proclaimed by UNESCO, WED is jointly operated by UNESCO and the World Federation of Engineering Organizations (WFEO). This year’s theme is “Shaping our sustainable future through engin...
ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) today reported operating results for its full year and fourth quarter of 2024, which ended December 31, 2024. "We continue to perform well in both our businesses, as evidenced by strong results at Machine Clothing and ongoing operational progress steered by new leadership at Engineered Composites," said Gunnar Kleveland, President and Chief Executive Officer. "For the full year we reported record revenues of nearly one and a quarter billion dollars driven by organic growth and our Heimbach acquisition. With increased fo...
ROCHESTER, N.H.--(BUSINESS WIRE)-- The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.27 per share on the Company’s Class A Common Stock. The dividend is payable April 7, 2025, to shareholders of record on March 21, 2025. 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 ma...
ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Italia Srl, an affiliate of Albany International Corp. (NYSE:AIN), announced today that it will initiate consultations with employee representatives regarding the decision to discontinue manufacturing operations at a leased facility in Ballo, Italy, and to transfer production to a facility in Merone, Italy owned by Industrie Tessili Bresciane Srl, a separate affiliate of Albany International Corp. The action is subject to local law and will be implemented in accordance with such law after consultation with the employees’ representative bo...
ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International has been included on the Forbes list of America’s Best Employers 2025. This prestigious award is presented in collaboration with Statista, the world-leading statistics portal and industry ranking provider. The award list was announced on February 12th, 2025, and can be viewed on Forbes’ website. Forbes and Statista selected America’s Best Employers 2025 through an independent survey from a vast sample of over 217,000 U.S. employees working for companies employing at least 1,000 people within the U.S. Over 6.5 million employer evaluation...
ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) will release 2024 fourth-quarter results Wednesday, February 26, 2025 after the market closes. The Company will host a webcast to discuss results at 9:00 a.m. Eastern Time on Thursday, February 27, 2025. Interested parties are encouraged to listen to the live webcast via the Company’s Investor Relations website at . Interested parties may access dial-in 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 Febr...
ROCHESTER, N.H.--(BUSINESS WIRE)-- The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.27 per share on the Company’s Class A Common Stock, an increase of 4%, or $0.01 per share, from the prior dividend. The dividend is payable January 8, 2025, to shareholders of record on December 17, 2024. 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 l...
ROCHESTER, N.H.--(BUSINESS WIRE)-- Heimbach Switzerland AG, an affiliate of Albany International Corp. (NYSE:AIN), announced today that it will initiate consultations with employee representatives regarding a proposal to discontinue manufacturing operations in Olten, Switzerland, and to transfer production to other Heimbach GmbH manufacturing facilities. The reduction is subject to local law and will be implemented in accordance with such law and in consultation with the employees’ representative body. This action, if approved, will enable the Albany’s Heimbach GmbH subsidiary to align its p...
Four Directors at Albany International Corp bought 4,450 shares at between 71.240USD and 71.380USD. The significance rating of the trade was 50/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directo...
ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) today reported operating results for its third quarter of 2024, which ended September 30, 2024. "I am pleased with the overall results of the quarter as we focused on operational excellence evidenced by strong results at Machine Clothing and Free Cash Flow generation of $78 million year-to-date. We are addressing the issues announced earlier this month, with specific emphasis on our Salt Lake Facility. Revenues of $298 million was up $17 million or 6.1% over prior year," said President and CEO, Gunnar Kleveland. "In Mac...
ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) will release 2024 third-quarter results Wednesday, October 30, 2024 after the market closes. The Company will host a webcast to discuss results at 9:00 a.m. Eastern Time on Thursday, October 31, 2024. Interested parties are encouraged to listen to the live webcast via the Company’s Investor Relations website at . Interested parties may access dial-in 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 October 3...
ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) announced today the publication of its 2023 Taskforce on Climate-related Financial Disclosures (TCFD) Report. The TCFD provides a common framework to articulate to stakeholders the Company’s strategy for managing its climate-related risks and opportunities, and to show how its products and operations are aligned with the transition to a low-carbon, sustainable global economy. Highlights include the commitment to near-term company-wide Scopes 1 & 2 emissions reduction goals aligned with the Science Based Targets initiativ...
ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE: AIN) announced today that Gunnar Kleveland, President and CEO, and Robert Starr, Executive Vice President and CFO, will participate in a presentation at 10:50 a.m. Central Time, on Thursday November 14, 2024 at Baird’s Global Industrial Conference in Chicago. 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 cust...
ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE: AIN) announced today that it is providing a preliminary update to its full year outlook largely to reflect revised revenue and profitability expectations for the aerospace business within its Engineered Composites (AEC) segment. Following its regular quarterly review of program costs and estimates relative to certain large complex aerospace contracts the Company has updated its labor, material input and scrap cost assumptions over the duration of certain long-term contracts. These increased cost assumptions as well as the im...
ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE: AIN) announced today that its Board of Directors has appointed Merle Stein as President of its Machine Clothing business segment, and elected him an officer of the Company effective September 1, 2024, to succeed Daniel Halftermeyer, who has stepped down from the position to focus his time and energies on the continued integration of the Heimbach acquisition and the successful transition to Mr. Stein. Mr. Stein, 47, has considerable experience in the paper and pulp industries and significant knowledge of the Machine Clothing...
ROCHESTER, N.H.--(BUSINESS WIRE)-- The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.26 per share on the Company’s Class A Common Stock. The dividend is payable October 7, 2024, to shareholders of record on September 3, 2024. 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 ...
ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) today reported operating results for its second quarter of 2024, which ended June 30, 2024. "Overall, we had another good quarter as our businesses delivered strong results and are responding well to their industry challenges," said President and CEO, Gunnar Kleveland. "Revenue of $332 million was up $58 million or 21.1% over prior year due to the inclusion of Heimbach and sales growth in Engineered Composites. "In Machine Clothing, revenues at $194 million grew year-over-year, driven by our Heimbach acquisition, slig...
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