Albany International Corporation Common Stock (AIN)
73.22
+0.37 (0.51%)
Albany International Corp is a global technology leader that specializes in the design and manufacturing of advanced materials and components, primarily for the aerospace and industrial sectors
The company focuses on creating innovative products, such as engineered textile solutions and composite materials, which enhance the performance and efficiency of various applications. With a commitment to sustainability and cutting-edge engineering, Albany International plays a vital role in advancing technologies that support the growth of its customers across diverse industries, including aviation and manufacturing.
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the market seems to be baking in a prolonged downturn
as the industry has shed 6% over the past six months. This drop was disappointing since the S&P 500 held steady.
Industrial equipment and engineered products manufacturer Albany (NYSEAIN) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 11.3% year on year to $286.9 million. The company’s full-year revenue guidance of $1.22 billion at the midpoint came in 6% below analysts’ estimates. Its non-GAAP profit of $0.58 per share was 12% below analysts’ consensus estimates.
Industrial equipment and engineered products manufacturer Albany (NYSEAIN)
will be announcing earnings results tomorrow afternoon. Here’s what to look for.
Albany International announces the shift of operations from its Ballo, Italy facility to Merone, aiming to streamline costs and align with market demand.
Albany currently trades at $80.77 per share and has shown little upside over the past six months, posting a small loss of 2.2%. The stock also fell short of the S&P 500’s 6.3% gain during that period.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how general industrial machinery stocks fared in Q3, starting with Albany (NYSEAIN).
Let’s dig into the relative performance of Icahn Enterprises (NASDAQIEP) and its peers as we unravel the now-completed Q3 general industrial machinery earnings season.
Industrial equipment and engineered products manufacturer Albany (NYSEAIN) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 6.1% year on year to $298.4 million. On the other hand, the company’s full-year revenue guidance of $1.24 billion at the midpoint came in 1.3% below analysts’ estimates. Its GAAP profit of $0.57 per share was 37.7% above analysts’ consensus estimates.
Industrial equipment and engineered products manufacturer Albany (NYSEAIN)
will be announcing earnings results tomorrow after market hours. Here’s what you need to know.
Companies Reporting Before The Bell • Kosmos Energy (NYSEKOS) is expected to report quarterly earnings at $0.16 per share on revenue of $366.82 million.
Companies Reporting Before The Bell • Kosmos Energy (NYSEKOS) is projected to report quarterly earnings at $0.23 per share on revenue of $477.73 million.
