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Albany International's Q2 Adjusted Earnings Flat, Revenue Rises
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Albany International's Q2 Adjusted Earnings Flat, Revenue Rises
Aug 7, 2024 12:39 AM

03:21 AM EDT, 08/07/2024 (MT Newswires) -- Albany International ( AIN ) reported late Tuesday Q2 adjusted earnings of $0.89 per diluted share, unchanged from the prior-year period.

Analysts polled by Capital IQ expected $0.90.

Revenue for the quarter ended June 30 was $332 million, up from $274.1 million a year earlier.

Analysts polled by Capital IQ expected $316.9 million.

For full-year 2024, the company maintained its guidance for adjusted earnings of $3.55 to $4.05 per share and revenue of $1.26 billion to $1.33 billion. Analysts polled by Capital IQ expect adjusted earnings of $3.84 per share and revenue of $1.29 billion.

Price: 84.00, Change: -1.83, Percent Change: -2.13

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