Albany International Corp. (NYSE:AIN) Q2 2024 Results Conference Call August 7, 2024 9:00 AM ET Company Participants JC Chetnani - VP, IR Gunnar Kleveland - President & CEO Rob Starr - CFO & Treasurer Conference Call Participants Peter Arment - Baird Pete Skibitski - Alembic Global Jordan Lyonnais - Bank of America Jack Ayers - TD Cowen Michael Ciarmoli - Truist Securities Operator Ladies and gentlemen, thank you for standing by. At this time, I would like to welcome everyone to Albany International Corp. S ...

Albany International (AIN) reported $331.99 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 21.1%. EPS of $0.89 for the same period compares to $0.90 a year ago. The reported revenue represents a surprise of +4.44% over the Zacks Consensus Estimate of $317.9 million. With the consensus EPS estimate being $0.89, the company has not delivered EPS surprise. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...

Albany International (AIN) came out with quarterly earnings of $0.89 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.90 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this textile and composite maker would post earnings of $0.87 per share when it actually produced earnings of $0.90, delivering a surprise of 3.45%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Albany ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2024 (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 216 Airport Drive, Rochester, New Hampshire (Address of principal executive offices) 14-0462060 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIE ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report: August 6, 2024 (Date of earliest event reported ...

Core Insights - Gabelli Funds, LLC is hosting the annual Aerospace & Defense Symposium on September 5, 2024, at The Harvard Club in New York City, focusing on strong demand outlook and growth opportunities in the industry [1] - The symposium will feature top executives from over ten companies, emphasizing themes such as high barriers to entry, large aftermarket opportunities, defense spending, and M&A potential [1] Company Highlights - Featured companies at the symposium include Elbit Systems Ltd., Graham Corporation, Moog Inc., Redwire Corporation, Textron Inc., VSE Corporation, and Woodward, Inc. [2] - Additional participating companies are AAR Corp., Albany International Corp., Astronics Corporation, Bridger Aerospace Group Holdings, Crane Holdings Co., Curtiss-Wright Corporation, and Ducommun Incorporated [2] Event Details - The symposium will start at 8:30 am on September 5, 2024, at The Harvard Club in New York City [2] - Attendees will have opportunities for one-on-one meetings with management from the featured companies [1]

Albany International Corp. (NYSE:AIN) Q1 2024 Earnings Conference Call April 30, 2024 9:00 AM ET Company Participants JC Chetnani - VP, IR Gunnar Kleveland - President & CEO Robert Starr - CFO & Treasurer Conference Call Participants Peter Arment - Baird Michael Ciarmoli - Truist Securities. Jordan Lyonnais - Bank of America Jack Ayers - TD Cowen Chigusa Katoku - J.P. Morgan Peter Skibitski - Alembic Global Operator Good day, and thank you for standing by. Welcome to the Albany International First Quarter 2 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number: 1-10026 ALBANY INTERNATIONAL CORP. (Exact name of registrant as specified in its charter) Delaware (State or other juri ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report: April 29, 2024 (Date of earliest event reported) ALBANY INTERNATIONAL CORP. (Exact name of registrant as specified in its charter) | Delaware | 1-10026 | 14-0462060 | | --- | --- | --- | | (State or other jurisdiction | (Commission | (I.R.S Employer | | of incorporation) | File Number) | Identification No.) | | 216 Airport Driv ...

Core Viewpoint - Albany International (AIN) is anticipated to report a year-over-year decline in earnings despite an increase in revenues, which could significantly influence its stock price depending on the actual results compared to estimates [1]. Earnings Estimates - The consensus estimate for Albany International's quarterly earnings is $0.87 per share, reflecting a year-over-year decrease of 4.4% [2]. - Expected revenues for the quarter are projected at $320.12 million, representing a 19% increase from the same quarter last year [2]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly altered their initial projections during this period [2]. - The Most Accurate Estimate for Albany International is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -8.93%, suggesting a bearish outlook from analysts [4][6]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [4]. - Albany International currently holds a Zacks Rank of 3, which complicates the prediction of an earnings beat given the negative Earnings ESP [5][6]. Historical Performance - In the last reported quarter, Albany International exceeded the expected earnings of $0.84 per share by delivering $1.22, resulting in a surprise of +45.24% [7]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [7]. Conclusion - While Albany International does not appear to be a strong candidate for an earnings beat based on current estimates and rankings, investors should consider other influencing factors before making investment decisions [8].