Albany International (AIN) Tops Q4 EPS by 23c, FY21 Guidance Misses

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Go back to Albany International (AIN) Tops Q4 EPS by 23c, FY21 Guidance Misses

Albany International Reports Fourth-Quarter 2020 Results

February 10, 2021 4:32 PM EST

ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE: AIN) today reported operating results for its fourth quarter of 2020, which ended December 31, 2020.

"Albany International finished 2020 with another strong quarter, particularly in light of the challenging business conditions in some of our end markets, said Albany International President and Chief Executive Officer, Bill Higgins. Our operations performed exceptionally well for customers and shareholders. Both segments delivered impressive profit margins despite top-line headwinds caused by the pandemic and the Boeing 737 MAX grounding.

The Machine Clothing segment managed its business remarkably well during 2020.... More