Albany Intl Q4 net income $18.1M ($0.58 EPS) down 37% YoY; adj. EPS $0.75; guides FY2023 rev $1.01-1.05B

ALBANY INTERNATIONAL CORP /DE/

2022-FY EPS reported $3.04 revenue$1,034,887,000

Q4 net sales $268.8M (+15.5% ex-currency); GAAP EPS $0.58 vs $0.89 YoY; adj. EPS $0.75 vs $0.86.
Engineered Composites revenue up 44.7% ex-currency to $118.4M, driven by LEAP and CH-53K.
Machine Clothing gross margin 49.8% vs 52.3% YoY; segment revenue flat ex-currency at $150.3M.
FY2023 guidance: revenue $1.01-1.05B; GAAP/adj. EPS $3.10-$3.60; adj. EBITDA $225-255M.
Quarterly dividend increased to $0.25/share from $0.21 (19% increase).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.7

ALBANY INTERNATIONAL CORP /DE/ reported financial results for fourth quarter 2022.

Period: fourth quarter 2022
Result: reported results

Exact text from the filing

On February 13, 2023 Albany International issued a news release reporting fourth quarter 2022 financial results.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

ALBANY INTERNATIONAL CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000819793-23-000003

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