secwatch.observer — SEC 8-K summary
======================================

Issuer:     ALBANY INTERNATIONAL CORP /DE/ (AIN)
CIK:        0000819793
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0000819793-24-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/819793/000081979324000011/0000819793-24-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/819793/000081979324000011/ain-20240226.htm
  HTML page:      https://secwatch.observer/filing/0000819793-24-000011

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