Albany International (AIN) Tops Q2 EPS by 23c, Offers Guidance

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Go back to Albany International (AIN) Tops Q2 EPS by 23c, Offers Guidance

Albany International Reports Second-Quarter 2022 Results, Raises 2022 Guidance

July 25, 2022 4:22 PM EDT

ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE: AIN) today reported operating results for its second quarter of 2022, which ended June 30, 2022.

"We are pleased to report another quarter of excellent results, said Albany International President and Chief Executive Officer, Bill Higgins. Our revenue of $261 million was up on both a year-over-year and sequential basis driven by growth in our Engineered Composites segment from recovering commercial aircraft production and previously announced new business wins. Machine Clothing markets remained healthy, and the Machine Clothing segment delivered another strong performance in the quarter. Second... More