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United States

Albany International Corp (AIN.N)

AIN.N on New York Stock Exchange

76.90USD
17 Aug 2018
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$1.15 (+1.52%)
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Latest Key Developments (Source: Significant Developments)

CORRECTED-(OFFICIAL)-BRIEF-Albany International Q4 EPS $0.18
Friday, 16 Feb 2018 06:42am EST 

In Feb. 5 BRIEF, corrects EPS to $0.18 from $0.12 and adjusted EPS to $0.44 from $0.43 after the company amended its numbers:ALBANY INTERNATIONAL REPORTS FOURTH-QUARTER RESULTS.Q4 EARNINGS PER SHARE $0.18.Q4 SALES ROSE 6.4 PERCENT TO $226.7 MILLION.Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.44 EXCLUDING ITEMS.OLIVIER JARRAULT HAS BEEN NAMED PRESIDENT AND CHIEF EXECUTIVE OFFICER TO SUCCEED JOSEPH G. MORONE.DISCRETE TAX ITEMS & EFFECT OF CHANGE IN ESTIMATED INCOME TAX RATE INCREASED INCOME TAX EXPENSE BY $6.8 MILLION IN Q4 2017.ESTIMATE 2018 TAX RATE ON INCOME FROM CONTINUING OPERATIONS TO BE IN RANGE OF 27% TO 31%.AS FOR OUTLOOK FOR 2018, EXPECT 20% TO 30% GROWTH IN FULL-YEAR SALES.  Full Article

Albany International Announces New CEO
Monday, 5 Feb 2018 05:00pm EST 

Feb 5 (Reuters) - Albany International Corp ::ALBANY INTERNATIONAL ANNOUNCES NEW CEO.SAYS OLIVIER JARRAULT APPOINTED CEO AND PRESIDENT.JARRAULT TO SUCCEED JOSEPH MORONE.  Full Article

Albany International enters unsecured 5-year revolving credit facility agreement with JPMorgan Chase Bank
Tuesday, 7 Nov 2017 05:52pm EST 

Nov 7 (Reuters) - Albany International Corp ::Albany International- entered into $685 million unsecured 5-year revolving credit facility agreement with JPMorgan Chase Bank as administrative agent‍​.Albany International - ‍new agreement amends & restates $550 million 5-year facility agreement dated April 8, 2016 with same agent & lenders .  Full Article

Albany International reports third-quarter results
Monday, 30 Oct 2017 05:00pm EDT 

Oct 30 (Reuters) - Albany International Corp :Albany International reports third-quarter results.Q3 earnings per share $0.47.Sees FY revenue up 35 to 40 percent.Q3 sales rose 16.1 percent to $222.1 million.Q3 adjusted non-GAAP earnings per share $0.57 excluding items.Albany International Corp - ‍expect total company capital expenditures in Q4 and through 2018 to be in range of $20 million to $25 million per quarter​.Albany International - ‍"now expect full-year adjusted EBITDA to be at least at high-end of our normal $180 million to $195 million range​".  Full Article

ALBANY SAYS UNIT IN DISCUSSIONS TO RESTRUCTURE OPERATIONS AT CLOTHING PRODUCTION FACILITIES IN FRANCE​
Thursday, 5 Oct 2017 08:00am EDT 

Oct 5 (Reuters) - Albany International Corp ::UNIT INITIATED DISCUSSIONS ON PROPOSAL TO RESTRUCTURE OPERATIONS AT CO'S CLOTHING PRODUCTION FACILITIES IN SÉLESTAT, FRANCE​.‍PROPOSED RESTRUCTURING BY UNIT WOULD REDUCE EMPLOYMENT BY ABOUT 54 POSITIONS AT FACILITY.  Full Article

Albany International announces CEO succession plan
Tuesday, 1 Aug 2017 05:05pm EDT 

Aug 1 (Reuters) - Albany International Corp :Albany International announces CEO succession plan.Says CEO and president Joseph Morone to retire.Albany International Corp - ‍board has instituted a CEO search to consider candidates to succeed Morone​.  Full Article

Albany International Q2 earnings per share $0.03
Tuesday, 1 Aug 2017 05:00pm EDT 

Aug 1 (Reuters) - Albany International Corp :Albany International reports second-quarter results.Q2 earnings per share $0.03.Sees fy 2017 revenue up 25 to 35 percent.Q2 sales rose 6.1 percent to $215.6 million.Q2 adjusted non-gaap earnings per share $0.16 excluding items.Albany International Corp - continue to estimate full-year spending in 2017 to be $95 million to $105 million.Albany International Corp - expect net debt to increase over second half of year.  Full Article

Albany says Q1 EPS $0.34
Friday, 5 May 2017 06:04am EDT 

May 5 (Reuters) - Albany International Corp :Albany International reports first-quarter results.Q1 earnings per share $0.34.Q1 sales rose 15.6 percent to $199.3 million.Sees FY 2017 revenue up 25 to 35 percent."business remains on track toward its full-year target of 25% to 35% revenue growth over 2016".  Full Article

Albany International Q4 sales rose 20 pct to $213 mln
Wednesday, 8 Feb 2017 05:00pm EST 

Albany International Corp : Albany International reports fourth-quarter results . Q4 earnings per share $0.49 . Q4 sales rose 20 percent to $213 million . Q4 adjusted non-GAAP earnings per share $0.36 excluding items .Albany International Corp - Expect full-year adjusted EBITDA to pull back from high end toward middle of that $180 million to $195 million range.  Full Article

BRIEF-Albany International reports third-quarter results
Monday, 31 Oct 2016 05:00pm EDT 

Albany International Corp : Albany International Corp - on track toward their full-year 2016 and longer-term strategic and financial performance objectives . Albany International Corp - we now expect full-year spending in 2016 to be $75 million to $80 million . Albany International Corp - continue to expect full-year adjusted ebitda to be at upper-end of previously discussed range of $180 million to $195 million . Sees contract awarded in quarter to produce composite components to generate sales of $15 million to $20 million/year by 2020 . Albany International reports third-quarter results . Q3 earnings per share $0.41 . Q3 sales rose 7 percent to $191.3 million .Q3 adjusted non-gaap earnings per share $0.41 excluding items.  Full Article