Albany International Q1 revenue $269M (+10%); GAAP EPS $0.86; FY23 guidance reaffirmed

ALBANY INTERNATIONAL CORP /DE/

2023-Q1 EPS reported $0.86 revenue$269,096,000

Revenue $269.1M, up 10.2% YoY (12.2% ex-currency); GAAP EPS $0.86 vs $0.87.
Adjusted EPS $0.91, unchanged YoY; Engineered Composites sales up 29% on CH-53K and LEAP.
Full-year 2023 guidance reaffirmed: revenue $1.01-1.05B, adjusted EPS $3.10-$3.60.
Quarterly dividend raised to $0.25/share from $0.21, a 19% increase.
Adjusted EBITDA $60.4M vs $61.0M; Machine Clothing margin 36.4%, AEC margin 18.1%.

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 first quarter 2023.

Period: first quarter 2023
Result: reported results

Exact text from the filing

On April 25, 2023 Albany International issued a news release reporting first quarter 2023 financial results.

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

ALBANY INTERNATIONAL CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000819793-23-000037

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