Albany International (AIN) Tops Q3 EPS by 10c, Tops on Revenue; Offers Upbeat Guidance
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Albany International Reports Third-Quarter 2023 Results
November 6, 2023 4:20 PM ESTROCHESTER, N.H.--(BUSINESS WIRE)-- Albany International Corp. (NYSE: AIN) today reported operating results for its third quarter of 2023, which ended September 30, 2023.
"We are reporting another strong quarter," said President and CEO, Gunnar Kleveland. "Revenue of $281 million, was up $20 million or 7.9% year-over-year primarily due to sales growth in Engineered Composites and one month of Heimbach results in the Machine Clothing segment. Both business segments are continuing to deliver on their long-term plans for profitable growth.
"In Machine Clothing, we closed on our acquisition of Heimbach on August 31 and welcome... More
