Albany International (AIN) Misses Q1 EPS by 19c

Albany International (NYSE: AIN) reported Q1 EPS of $0.34, $0.19 worse than the analyst estimate of $0.53. Revenue for the quarter came in at $199.3 million versus the consensus estimate of $200.82 million.

Guidance:

“As for our outlook for AEC, we continue to expect full-yea revenue to be 25% to 35% higher than full-year 2016, and Adjusted EBITDA as a percentage of sales to slowly improve. For the longer term, the intensity of new business development activity in Q1 suggests that there is more upside than downside risk to our current estimate of $450 million to $500 million revenue potential by 2020, as well as potential for substantial growth beyond 2020."

For earnings history and earnings-related data on Albany International (AIN) click here.

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