Albany International Q2 revenue $274M (+5% YoY); raises FY guidance, announces Heimbach acquisition

ALBANY INTERNATIONAL CORP /DE/

2023-Q2 EPS reported $1.71 revenue$543,219,000

Net income $26.7M ($0.86 EPS) vs $39.2M ($1.25) in Q2 2022; Adjusted EPS $0.90 vs $1.06.
Revenue up 5% YoY; Machine Clothing $159M, AEC $115M in Q2.
FY 2023 guidance raised: rev $1.04-1.07B, GAAP EPS $3.07-3.67, Adj EPS $3.15-3.75.
Announced agreement to acquire Heimbach Group (European paper machine clothing producer), closing H2 2023.
Quarterly dividend increased to $0.25 per share from $0.21.

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 second quarter 2023.

Period: second quarter 2023
Result: reported results

Exact text from the filing

On July 26, 2023 Albany International issued a news release reporting second 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 0000819793-23-000070

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