secwatch.observer — SEC 8-K summary
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Issuer:     ALBANY INTERNATIONAL CORP /DE/ (AIN)
CIK:        0000819793
Form:       8-K
Filed at:   2022-10-24T23:59:59+00:00
Accession:  0000819793-22-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Albany International Q3 adj. EPS $1.15, revenue $260.6M (+12.1%); updates FY2022 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/819793/000081979322000050/0000819793-22-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/819793/000081979322000050/ain-20221024.htm
  HTML page:      https://secwatch.observer/filing/0000819793-22-000050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer