$AIN

4 stories mentioning AINUpdated just now

Every FINWIRES story that references AIN, newest first.

Update: Albany International to Retain Salt Lake City Facility After Completing Strategic Review; Shares Rise

(Updates with the latest stock price movement in the headline and first paragraph.)Albany International (AIN) shares rose more than 9.5% in Wednesday trading, a day after the company said it will retain its Amelia Earhart Drive facility in Salt Lake City, Utah, and continue operations under amended terms after completing a strategic review of the site.The company said it renegotiated a Boeing (BA) 787 contract for one-piece composite fuselage frames and entered new contract terms with Lockheed Martin's (LMT) Sikorsky on the CH-53K helicopter program.For Q3, Albany raised its adjusted earnings outlook to $1.40 to $1.50 per share from a prior range of $0.60 to $0.70, and kept its consolidated net revenue outlook at $320 million to $330 million. Three analysts polled by FactSet expect $0.68 and $325.8 million, respectively.For Q4, Albany guided adjusted EPS of $0.65 to $0.75 on net revenue of $325 million to $335 million. Three analysts expect $0.72 and $328.7 million, respectively.Price: $59.18, Change: $+4.85, Percent Change: +8.93%

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Wire2d ago

Albany International CFO Willard Station Takes Medical Leave of Absence

Albany International (AIN) said Monday that Chief Financial Officer Willard Station is taking a medical leave of absence.The company's board of directors has appointed Controller and Chief Accounting Officer Sean Valashinas as acting CFO, effective immediately, according to a statement.Shares of the company were down 1.5% in Monday premarket trading.

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Wire29d ago

Albany International Shares Fall After Q2 Revenue Misses Estimates

Albany International (AIN) shares fell more than 11% after the opening bell after the company posted Q2 revenue that fell short of analysts' consensus.The company reported Q2 adjusted earnings of $0.82 per diluted share, up from $0.57 a year earlier.Three analysts polled by FactSet expected $0.74.Revenue for the quarter ended June 30 was $329.5 million, up from $311.4 million a year earlier.Three analysts expected revenue of $340.1 million.The company said it expects Q3 adjusted EPS of between $0.60 and $0.70. Three analysts surveyed by FactSet expect $0.69. Albany expects consolidated net revenue between $320 million and $330 million for the quarter.Three analysts expect revenue of $314.6 million.Price: $65.21, Change: $-9.93, Percent Change: -13.22%

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Wire125d ago

Albany International Shares Slightly Lower After Q1 Adjusted Earnings Decline

Albany International (AIN) shares were down 0.1% in Thursday early trading after the company's Q1 adjusted earnings declined year over year.The company reported Q1 adjusted earnings Thursday of $0.60 per diluted share, down from $0.73 a year earlier.Three analysts polled by FactSet expected $0.53.Revenue for the quarter ended March 31 was $311.3 million, up from $288.8 million a year earlier.Two analysts surveyed by FactSet expected $281 million.The company expects Q2 adjusted EPS of $0.70 to $0.80 and revenue of $335 million to $345 million.Two analysts polled by FactSet expect $0.64 and $304 million.Price: $58.33, Change: $+0.31, Percent Change: +0.54%

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