earnings
confidence high
sentiment positive
materiality 0.75
Albany International Q2 revenue $261M, EPS $1.25, raises FY2022 guidance
ALBANY INTERNATIONAL CORP /DE/
2022-Q2 EPS reported
$2.11
revenue$505,538,000
- Net sales $261.4M, up 11.5% YoY; GAAP EPS $1.25 (incl $0.20 currency gain); adjusted EPS $1.06 vs $1.01.
- Engineered Composites revenue $109.7M, +49.7% ex-currency on CH-53K and LEAP programs.
- FY2022 guidance raised: revenue $970M-$1.01B, GAAP EPS $3.45-$3.75, adjusted EPS $3.30-$3.60.
- Quarterly dividend raised to $0.21/share; $84.8M in share repurchases during first half of 2022.
- Machine Clothing revenue $151.7M (-1.8% ex-currency); segment operating income $54.9M.