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Albany Q1 Adjusted Earnings Fall, Revenue Rises; Guidance Reaffirmed
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Albany Q1 Adjusted Earnings Fall, Revenue Rises; Guidance Reaffirmed
Apr 29, 2024 2:22 PM

05:11 PM EDT, 04/29/2024 (MT Newswires) -- Albany International ( AIN ) reported Q1 adjusted earnings late Monday of $0.90 per diluted share, down from $0.91 a year earlier.

Analysts surveyed by Capital IQ expected $0.88.

Revenue for the quarter ended March 31 was $313.3 million, up from $269.1 million a year earlier.

Analysts surveyed by Capital IQ expected $313.6 million.

The company reaffirmed its full-year 2024 guidance for adjusted EPS of $3.55 to $4.05 and for revenue of $1.26 billion to $1.33 billion. Analysts surveyed by Capital IQ expected adjusted EPS of $3.98 and revenue of $1.30 billion.

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