earnings
confidence high
sentiment positive
materiality 0.75
Albany International Q3 adj. EPS $1.15, revenue $260.6M (+12.1%); updates FY2022 guidance
ALBANY INTERNATIONAL CORP /DE/
2022-Q3 EPS reported
$2.46
revenue$766,101,000
- Net sales $260.6M (+12.1% YoY, +16.5% constant currency); Engineered Composites sales up 37% on LEAP and CH-53K.
- GAAP EPS $0.34 includes $1.20 non-recurring pension settlement charge ($49.1M); adjusted EPS $1.15 vs $0.83 prior year.
- Adjusted EBITDA $68.1M (+13% YoY); Machine Clothing margin 38.5%, AEC 20.0%.
- FY2022 guidance: revenue $990M-$1.015B, adj. EPS $3.50-$3.80, Adj. EBITDA $240-$255M.