Albany International Q2 2023 Earnings Report

Albany International EPS Results

• Actual EPS: $0.90
• Consensus EPS: $0.91
• Beat/Miss: Missed by -$0.01
• One Year Ago EPS: $1.06

Albany International Revenue Results

• Actual Revenue: $274.10 million
• Expected Revenue: $261.56 million
• Beat/Miss: Beat by +$12.54 million
• YoY Revenue Growth: +4.90%

Albany International Announcement Details

• Quarter: Q2 2023
• Date: 7/27/2023
• Time: After Market Closes

Albany International (NYSE:AIN), together with its subsidiaries, engages in the machine clothing and engineered composites businesses. The company operates in two segments, Machine Clothing (MC) and Albany Engineered Composites (AEC). The MC segment designs, manufactures, and markets paper machine clothing for use in the manufacturing of papers, paperboards, tissues, towels, pulps, nonwovens, building products, tannery, and textiles, as well as fiber cement and several other industrial applications. This segment offers paper machine clothing forming, pressing, and drying fabrics, as well as engineered processing belts; and engineered fabrics. The AEC segment 3D-woven and injected composite components for aircraft engines composite airframe and engine components for military and commercial aircraft. It operates in the United States, Switzerland, France, Brazil, China, Mexico, Germany, and internationally. The company was incorporated in 1895 and is headquartered in Rochester, New Hampshire.