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Albany International Corp (AIN)

AIN on New York Consolidated

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14 Dec 2017
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Latest Key Developments (Source: Significant Developments)

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

Albany International Q2 adj non-GAAP EPS $0.48 excluding items
Monday, 1 Aug 2016 05:00pm EDT 

Albany International Corp : Q2 earnings per share $0.32 . Q2 adjusted non-GAAP earnings per share $0.48 excluding items . Q2 sales rose 17.9 percent to $203.2 million . Albany International Corp Sees Full Year adjusted ebitda to be at upper-end of previously discussed range of $180 million to $195 million . Year spending in 2016 to be $75 million to $85 million .Albany international sees average quarterly net sales of close to $50 million in second half of year with gross profit margins roughly comparable to q2.  Full Article

BRIEF-Albany International enters unsecured 5-year revolving credit facility agreement with JPMorgan Chase Bank

* Albany International- entered into $685 million unsecured 5-year revolving credit facility agreement with JPMorgan Chase Bank as administrative agent‍​