Albany International (AIN) Misses Q2 EPS by 1c; Offers FY23 Guidance

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Go back to Albany International (AIN) Misses Q2 EPS by 1c; Offers FY23 Guidance

Albany International Reports Second-Quarter 2023 Results

July 26, 2023 4:20 PM EDT

ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE: AIN) today reported operating results for its second quarter of 2023, which ended June 30, 2023.

We are reporting another strong quarter of operational results, said Albany International President and Chief Executive Officer, Bill Higgins. "Our revenue of $274 million was up $13 million or approximately 5% year-over-year with growth across both business segments. I'm particularly pleased that revenue growth and operational execution in our businesses allows us to increase our guidance for 2023.

We continue to advance our strategies for long-term value creation. During the quarter we... More