Albany International (AIN) Tops Q3 EPS by 16c, Misses on Revenue; Offers FY24 Guidance

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Go back to Albany International (AIN) Tops Q3 EPS by 16c, Misses on Revenue; Offers FY24 Guidance

Albany International Reports Third-Quarter 2024 Results

October 30, 2024 4:20 PM EDT

ROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE: AIN) today reported operating results for its third quarter of 2024, which ended September 30, 2024.

"I am pleased with the overall results of the quarter as we focused on operational excellence evidenced by strong results at Machine Clothing and Free Cash Flow generation of $78 million year-to-date. We are addressing the issues announced earlier this month, with specific emphasis on our Salt Lake Facility. Revenues of $298 million was up $17 million or 6.1% over prior year," said President and CEO, Gunnar Kleveland.

"In Machine Clothing, revenues of... More