secwatch.observer — SEC 8-K summary
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Issuer:     ALBANY INTERNATIONAL CORP /DE/ (AIN)
CIK:        0000819793
Form:       8-K
Filed at:   2022-07-25T23:59:59+00:00
Accession:  0000819793-22-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Albany International Q2 revenue $261M, EPS $1.25, raises FY2022 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/819793/000081979322000041/0000819793-22-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/819793/000081979322000041/ain-20220725.htm
  HTML page:      https://secwatch.observer/filing/0000819793-22-000041

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