Albany International (AIN) Misses Q2 EPS by 12c
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Albany International Reports Second-Quarter Results
August 4, 2015 5:00 PM EDTSecond-Quarter Financial Highlights
Net sales were $172.3 million, a decrease of 11.0% compared to Q2 2014. Excluding currency effects, net sales decreased 5.6% (see Table 1). Including a charge of $14.0 million for a revision in the estimated profitability of AECs BR725 contract, Adjusted EBITDA for Q2 2015 was $18.8 million, compared to $37.3 million in Q2 2014 (see Tables 6 and 7). Year-to-date net sales, excluding currency effects, increased 0.5% compared to 2014 (see Table 8). Including the $14.0 million charge, year-to-date Adjusted EBITDA was $60.3 million in 2015, compared to $75.0 million in 2014 (see Tables 9 and 10). Including the... MoreGabelli & Company’s 21st Annual Aircraft Supplier Conference
August 4, 2015 7:30 AM EDTRYE, N.Y.--(BUSINESS WIRE)-- Gabelli & Company will host its 21st Annual Aircraft Supplier Conference on September 9 in New York City. This research meeting will feature presentations by senior management of several leading aerospace and defense companies, with an emphasis on industry dynamics, new technologies, and company fundamentals. Institutional... More
