Albany International Q4 revenue up 20% to $323.6M; sees 2024 revenue $1.26-1.33B

ALBANY INTERNATIONAL CORP /DE/

2023-FY EPS reported $3.55 revenue$1,147,909,000

Q4 net income $30.5M ($0.97 EPS) vs $18.1M ($0.58) prior year; adjusted EPS $1.22 vs $0.75.
Full-year 2023 revenue record $1.15B (+11% YoY); adjusted EPS $4.06 (+4.9%).
2024 guidance: revenue $1.26B-$1.33B, diluted EPS $3.55-$4.05, adj EBITDA $260M-$290M.
Machine Clothing Q4 revenue $191.7M (+26.8% ex-currency) from Heimbach acquisition and growth.
Free cash flow 2023 $64M, up from $32M in 2022.

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 0.9

ALBANY INTERNATIONAL CORP /DE/ reported financial results for fourth quarter 2023.

Period: fourth quarter 2023
Result: reported results

Exact text from the filing

On February 26, 2024 Albany International issued a news release reporting fourth 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

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