Albany International Posts 3Q EPS of $1.46
AIN sits 52% above its 52-week low of $41.15.
Summary
Albany International reported third-quarter EPS of $1.46 on revenue of $349.5M, while a separate Q3 sales figure of USD 11.637 million also appears in the reporting; the two revenue measures are not reconciled in this item. The headline carries no margin or year-over-year comparison, so the quality of the quarter isn't yet clear from this item alone. It lands after a strong Q2 in which earnings nearly doubled year-over-year on Engineered Composites strength, and after a run of aerospace contract wins — the Boeing composite fuselage work and the $21.2 million IBAS award. For the fourth quarter, the company sees revenue of $325M-$335M.
At the time of this announcement, AIN was trading at $62.47 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $1.8B. The 52-week trading range was $41.15 to $77.00. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.