reports
Albany International Corp: 1 director
A director at Albany International Corp bought 1,000 shares at 84.440USD and the significance rating of the trade was 59/100. 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 directors over the last two ye...
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...
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...
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 ...
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...
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...
Albany International Declares Dividend
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 April 5, 2024, to shareholders of record on March 15, 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 the ...
Bonnie C. Lind Elected to Albany International Corp. Board of Director...
ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) announced today that Bonnie C. Lind has been elected to its Board of Directors and that Director John R. Scannell has been appointed Chairman of the Board. This press release features multimedia. View the full release here: Bonnie C. Lind (Photo: Business Wire) Ms. Lind, age 65, served as Sr. Vice President, CFO & Treasurer of Neenah Inc. following its spinoff from Kimberly-Clark Corporation in 2004 until October 2020. Prior to that, from 1984 she held a number of increasingly senior financial and operational positions w...
Albany Engineered Composites to exhibit at JEC World 2024
ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany Engineered Composites (AEC) will be exhibiting in Hall 6, Booth K24 at JEC World in Paris, France, the largest international composites event from March 5-7, 2024. At JEC World 2024, Innovation Planets showcases composite innovations with unique properties and possibilities. AEC has been selected to showcase our Composite Wing Box Rib produced using our proprietary 3D woven technology in a high-rate, industrialized application for the Airbus Wing of Tomorrow program. This part achieves a significant weight savings in comparison to metallic versions o...
Albany International Schedules Earnings Release Date
ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) will release 2023 fourth-quarter and full year financial results Monday, February 26, 2024 after the market closes. The Company will host a webcast to discuss results at 9:00 a.m. Eastern Time on Tuesday, February 27. 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 T...
Albany International Declares Dividend
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, an increase of 4%, or $0.01 per share, from the prior dividend. The dividend is payable January 8, 2024, to shareholders of record on December 19, 2023. 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 leadin...
Albany International Reports Third-Quarter 2023 Results
ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) today reported operating results for its third quarter of 2023, which ended September 30, 2023. "We are reporting another strong quarter," said President and CEO, Gunnar Kleveland. "Revenue of $281 million, was up $20 million or 7.9% year-over-year primarily due to sales growth in Engineered Composites and one month of Heimbach results in the Machine Clothing segment. Both business segments are continuing to deliver on their long-term plans for profitable growth. "In Machine Clothing, we closed on our acquisition of H...
Albany International Schedules Earnings Release Date
ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) will release 2023 third-quarter financial results Monday, November 6, 2023 after the market close. The Company will host a webcast to discuss results at 10:00 a.m. Eastern Time on Tuesday, November 7. 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 November 7, 2...
Albany International clôture l’acquisition du groupe Heimbach
ROCHESTER, New Hampshire--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) a annoncé aujourd’hui avoir conclu l’acquisition du groupe Heimbach (Heimbach). Basé à Düren, en Allemagne, Heimbach est un fournisseur mondial de vêtements pour machines à papier destinés à la production de toutes les qualités de papier et de carton sur tous les types de machines, ainsi que de produits textiles de haute technologie utilisés dans divers secteurs, tels que l’agroalimentaire, la chimie, les matériaux de construction et l’automobile. Daniel Halftermeyer, Président de Machine Clothing, a indiqué : ...
Albany International Completes Acquisition of Heimbach Group
ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) announced today it has completed its acquisition of Heimbach Group (Heimbach). Headquartered in Düren, Germany, Heimbach is a global supplier of paper machine clothing for the production of all grades of paper and cardboard on all machine types as well as high-tech textile products used in a variety of sectors, such as the food processing, chemicals, construction materials and automotive industries. Daniel Halftermeyer, President of Machine Clothing, said, “We are excited about the opportunities to create additional val...
Albany International Declares Dividend
ROCHESTER, N.H.--(BUSINESS WIRE)-- The Board of Directors of Albany International Corp. (NYSE: AIN) today declared a quarterly dividend of $0.25 per share on the Company’s Common Stock. The dividend is payable October 6, 2023, to shareholders of record on September 5, 2023. 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 manufa...
Albany International Appoints Gunnar Kleveland as President and Chief ...
ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (“Albany” or the “Company”) (NYSE: AIN) today announced that its Board of Directors has appointed Gunnar Kleveland to succeed Bill Higgins as President and CEO, effective September 1. Mr. Kleveland will also join the Company’s Board at that time. Mr. Higgins, who previously announced his intention to retire as CEO, will remain a member of Albany’s Board. Mr. Kleveland is a seasoned executive with nearly two decades of industrial and aerospace leadership experience at Textron Inc. Most recently, he served as President and CEO of Te...
Albany International Reports Second-Quarter 2023 Results
ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) today reported operating results for its second quarter of 2023, which ended June 30, 2023. “We are reporting another strong quarter of operational results,” said Albany International President and Chief Executive Officer, Bill Higgins. "Our revenue of $274 million was up $13 million or approximately 5% year-over-year with growth across both business segments. I'm particularly pleased that revenue growth and operational execution in our businesses allows us to increase our guidance for 2023. “We continue to advance ou...
Albany International Schedules Earnings Release Date
ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE:AIN) will release 2023 second-quarter financial results Wednesday, July 26, 2023 after the market close. The Company will host a webcast to discuss results at 9:00 a.m. Eastern Time on Thursday, July 27. 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 July 27, 2023. ...
Albany International Delivers Advanced 3D Woven VTP Fitting to Aernnov...
LE BOURGET, France--(BUSINESS WIRE)-- Albany International Corp. (NYSE: AIN) announced today its subsidiary Albany Engineered Composites (AEC) has delivered its first composite vertical tail plane (VTP) fitting to support the Aernnova Clean Sky 2 full composite rear-end fuselage technology demonstrator. AEC’s collaboration with Aernnova represents the companies shared efforts at developing high volume industrialized and sustainable manufacturing technologies for next generation light weight aerostructures. AEC’s composite VTP fitting has a uniquely designed hybrid preform of 3D woven and non-c...
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