Albany International Corporation Common Stock (AIN)
80.75
+0.43 (0.54%)
Albany International Corp is a global technology leader that specializes in the design and manufacturing of advanced materials and components, primarily for the aerospace and industrial sectors
The company focuses on creating innovative products, such as engineered textile solutions and composite materials, which enhance the performance and efficiency of various applications. With a commitment to sustainability and cutting-edge engineering, Albany International plays a vital role in advancing technologies that support the growth of its customers across diverse industries, including aviation and manufacturing.
Albany currently trades at $80.77 per share and has shown little upside over the past six months, posting a small loss of 2.2%. The stock also fell short of the S&P 500’s 6.3% gain during that period.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how general industrial machinery stocks fared in Q3, starting with Albany (NYSEAIN).
Let’s dig into the relative performance of Icahn Enterprises (NASDAQIEP) and its peers as we unravel the now-completed Q3 general industrial machinery earnings season.
The Board of Directors of Albany International Corp. (NYSEAIN) 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.
Heimbach Switzerland AG, an affiliate of Albany International Corp. (NYSEAIN), 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.
Industrial equipment and engineered products manufacturer Albany (NYSEAIN) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 6.1% year on year to $298.4 million. On the other hand, the company’s full-year revenue guidance of $1.24 billion at the midpoint came in 1.3% below analysts’ estimates. Its GAAP profit of $0.57 per share was 37.7% above analysts’ consensus estimates.
Industrial equipment and engineered products manufacturer Albany (NYSEAIN)
will be announcing earnings results tomorrow after market hours. Here’s what you need to know.
Albany International Corp. (NYSEAIN) 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 investors.albint.com.
Albany International Corp. (NYSEAIN) 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.
Albany International Corp. (NYSEAIN) 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.
Albany International Corp. (NYSEAIN) 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.
RYE, N.Y., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website.
Albany International Corp. (NYSEAIN) 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.
RYE, N.Y., Aug. 28, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website.
The Board of Directors of Albany International Corp. (NYSEAIN) today declared a quarterly dividend of $0.26 per share on the Company’s Class A Common Stock.
Albany International Corp. (NYSEAIN) announced today that its Board of Directors has appointed Christopher Stone as President, Albany Engineered Composites, Inc., and elected him an officer of the Company, effective August 12, 2024, to succeed Gregory Harwell, who no longer serves as President of Albany Engineered Composites, Inc.
RYE, N.Y., July 30, 2024 (GLOBE NEWSWIRE) -- Gabelli Funds, LLC, is hosting our annual Aerospace & Defense Symposium at The Harvard Club in New York City on September 5th. The conference will draw top executives from more than ten companies, with a focus on the themes of strong demand outlook, high barriers to entry, large aftermarket opportunity, growth in excess of GDP, defense spending, and M&A potential for the Aerospace and Defense industry. Attendees will also have the opportunity to meet with management in a one-on-one setting. Prospective attendees can learn more about the symposium on our website.
