Albany International (AIN) Tops Q3 EPS by 29c, Offers Guidance

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Go back to Albany International (AIN) Tops Q3 EPS by 29c, Offers Guidance

Albany International Reports Third-Quarter 2022 Results

October 24, 2022 4:21 PM EDT

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

"We are pleased to report another strong quarter, said Albany International President and Chief Executive Officer, Bill Higgins. Our revenue of $261 million was up year-over-year. Engineered Composites grew third quarter sales nearly 37% compared to the third quarter of 2021 driven by higher LEAP production and the CH53-K helicopter program. The Machine Clothing segment delivered another excellent performance in the quarter. On the bottom line, both segments achieved strong operating... More