Albany International (AIN) Tops Q1 EPS by 1c, Offers Guidance
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Albany International Reports First-Quarter 2024 Results
April 29, 2024 4:15 PM EDTROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE: AIN) today reported operating results for its first quarter of 2024, which ended March 31, 2024.
"We had another good quarter as our businesses delivered solid results and are executing to their plans," said President and CEO, Gunnar Kleveland. "Revenue of $313 million, was up $44 million or 16.4% over prior year due to the inclusion of Heimbach and sales growth in Engineered Composites.
"In Machine Clothing, North American markets remain strong. For the quarter we experienced lower organic demand due to continued softness in... More
