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Albany International Corp (AIN.N)

AIN.N on New York Stock Exchange

78.41USD
22 Jul 2019
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Latest Key Developments (Source: Significant Developments)

Albany International Reports Q4 Earnings Per Share Of $0.55
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Albany International Corp ::ALBANY INTERNATIONAL REPORTS FOURTH-QUARTER RESULTS.Q4 EARNINGS PER SHARE $0.55.Q4 SALES ROSE 11 PERCENT TO $251.6 MILLION.Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.74 EXCLUDING ITEMS.SEES FY 2020 SALES $500 MILLION TO $550 MILLION.ALBANY INTERNATIONAL - ASSUMING NO SIGNIFICANT CHANGES IN GLOBAL ECONOMIC CONDITIONS OR CURRENCY RATES, EXPECT 2019 ADJUSTED EBITDA TO BE BETWEEN $195 MILLION & $205 MILLION.FULL-YEAR 2019 NET SALES ARE EXPECTED TO GROW IN RANGE OF 20% TO 25%.2019 ADJUSTED EBITDA AS A PERCENTAGE OF NET SALES SHOULD SHOW SOME INCREMENTAL IMPROVEMENT COMPARED TO 2018.  Full Article

CORRECTED-(OFFICIAL)-BRIEF-Albany International Q4 EPS $0.18
Friday, 16 Feb 2018 

In Feb. 5 BRIEF, corrects EPS to $0.18 from $0.12 and adjusted EPS to $0.44 from $0.43 after the company amended its numbers:ALBANY INTERNATIONAL REPORTS FOURTH-QUARTER RESULTS.Q4 EARNINGS PER SHARE $0.18.Q4 SALES ROSE 6.4 PERCENT TO $226.7 MILLION.Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.44 EXCLUDING ITEMS.OLIVIER JARRAULT HAS BEEN NAMED PRESIDENT AND CHIEF EXECUTIVE OFFICER TO SUCCEED JOSEPH G. MORONE.DISCRETE TAX ITEMS & EFFECT OF CHANGE IN ESTIMATED INCOME TAX RATE INCREASED INCOME TAX EXPENSE BY $6.8 MILLION IN Q4 2017.ESTIMATE 2018 TAX RATE ON INCOME FROM CONTINUING OPERATIONS TO BE IN RANGE OF 27% TO 31%.AS FOR OUTLOOK FOR 2018, EXPECT 20% TO 30% GROWTH IN FULL-YEAR SALES.  Full Article

Albany International Announces New CEO
Monday, 5 Feb 2018 

Feb 5 (Reuters) - Albany International Corp ::ALBANY INTERNATIONAL ANNOUNCES NEW CEO.SAYS OLIVIER JARRAULT APPOINTED CEO AND PRESIDENT.JARRAULT TO SUCCEED JOSEPH MORONE.  Full Article

Albany International enters unsecured 5-year revolving credit facility agreement with JPMorgan Chase Bank
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Albany International Corp ::Albany International- entered into $685 million unsecured 5-year revolving credit facility agreement with JPMorgan Chase Bank as administrative agent‍​.Albany International - ‍new agreement amends & restates $550 million 5-year facility agreement dated April 8, 2016 with same agent & lenders .  Full Article

Albany International reports third-quarter results
Monday, 30 Oct 2017 

Oct 30 (Reuters) - Albany International Corp :Albany International reports third-quarter results.Q3 earnings per share $0.47.Sees FY revenue up 35 to 40 percent.Q3 sales rose 16.1 percent to $222.1 million.Q3 adjusted non-GAAP earnings per share $0.57 excluding items.Albany International Corp - ‍expect total company capital expenditures in Q4 and through 2018 to be in range of $20 million to $25 million per quarter​.Albany International - ‍"now expect full-year adjusted EBITDA to be at least at high-end of our normal $180 million to $195 million range​".  Full Article

ALBANY SAYS UNIT IN DISCUSSIONS TO RESTRUCTURE OPERATIONS AT CLOTHING PRODUCTION FACILITIES IN FRANCE​
Thursday, 5 Oct 2017 

Oct 5 (Reuters) - Albany International Corp ::UNIT INITIATED DISCUSSIONS ON PROPOSAL TO RESTRUCTURE OPERATIONS AT CO'S CLOTHING PRODUCTION FACILITIES IN SÉLESTAT, FRANCE​.‍PROPOSED RESTRUCTURING BY UNIT WOULD REDUCE EMPLOYMENT BY ABOUT 54 POSITIONS AT FACILITY.  Full Article