Albany International Q2 revenue up 21% to $332M; net income down to $0.79 EPS; adj. EPS flat at $0.89

ALBANY INTERNATIONAL CORP /DE/

2024-Q2 EPS reported $1.66 revenue$645,324,000

Revenue $332M, up 21.1% YoY; Heimbach acquisition and AEC growth offset organic MC decline.
GAAP EPS $0.79 vs $0.85 YoY; adjusted EPS $0.89, flat; gross margin down 350+ bps to 33.9%.
MC segment revenue $194M (+21.6% ex-currency); Heimbach inclusion, but organic demand weak in Europe/NA.
AEC segment revenue $138M (+20.5%); growth on CH-53K, commercial/space; lower JASSM/JSF partly offset.
FY2024 guidance reaffirmed: revenue $1.26-1.33B, adj. EPS $3.55-4.05, adj. EBITDA $260-290M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.