Albany International (AIN) Tops Q1 EPS by 22c, Offers FY Guidance

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Go back to Albany International (AIN) Tops Q1 EPS by 22c, Offers FY Guidance

Albany International Reports First-Quarter 2021 Results

April 26, 2021 4:35 PM EDT

ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE: AIN) today reported operating results for its first quarter of 2021, which ended March 31, 2021.

"Albany Internationals year is off to a good start with solid first quarter performance, said Albany International President and Chief Executive Officer, Bill Higgins. Our business segments continued to deliver excellent operational performance resulting in attractive profit margins despite top-line headwinds caused by the ongoing destocking in the commercial aerospace supply chain. With excellent free cash flow and a healthy balance sheet we are in great financial... More