secwatch.observer — SEC 8-K summary
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Issuer:     ALBANY INTERNATIONAL CORP /DE/ (AIN)
CIK:        0000819793
Form:       8-K
Filed at:   2023-02-13T23:59:59+00:00
Accession:  0000819793-23-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/819793/000081979323000003/0000819793-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/819793/000081979323000003/ain-20230213.htm
  HTML page:      https://secwatch.observer/filing/0000819793-23-000003

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