secwatch.observer — SEC 8-K summary
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Issuer:     ALBANY INTERNATIONAL CORP /DE/ (AIN)
CIK:        0000819793
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0000819793-24-000032
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Albany Intl Q1 rev $313M (+16.4%); adj EPS $0.90 vs $0.91; guides FY24
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- Net revenues $313.3M, up 16.4% YoY; Machine Clothing +20.9% (Heimbach), AEC +10.6%.
- Net income $27.3M ($0.87 diluted EPS); adjusted diluted EPS $0.90 vs $0.91 prior year.
- Gross margin fell >200bps to 34.7% (36.9% Q1 2023); Heimbach integration progressing, Europe softness.
- AEC revenue $128.1M driven by commercial programs; segment operating income $9.2M vs $9.4M prior year.
- FY2024 guidance reaffirmed: revenue $1.26-1.33B, adj EPS $3.55-4.05, Adj EBITDA $260-290M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/819793/000081979324000032/0000819793-24-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/819793/000081979324000032/ain-20240429.htm
  HTML page:      https://secwatch.observer/filing/0000819793-24-000032

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